NEW YORK - (03/11/05) -- The shakeout continued in the checkclearing business with the Clearing House Payments Co. adding theUpstate New York Clearing House Association to its growingSVPCO-Check Services network, the company said Thursday. The checkclearing operation is owned by the biggest banks in the nation andis a rival to the Checkpoint Exchange network owned by Metavante,and Fiserv, the other two major clearing networks. In the past twoyears, the Clearing House has combined the check processingoperations of the Western Payments Alliance, Chicago Clearing HouseAssociation, Connecticut Clearing House Corp., Northeast RegionalCheck Exchange-Long Island Arrangement, and Liberty Clearing HouseAssociation (New Jersey and Philadelphia.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3