COLUMBUS, Ohio - (04/26/05) -- Corporate One FCU said it has rolledout an automated deposit solution that will allow credit unions toleverage Check 21 by imaging, archiving and collecting depositeditems electronically. The new system, called Automated Capture& Exchange, is being rolled out in two phases. The first phase,currently underway, allows credit unions to replace current effortsto microfilm or copy deposited items by utilizing Check 21-readysoftware and hardware provided by Corporate One. Deposited items --including checks, savings bonds, loan coupons and other items --will be archived at Corporate One for seven years and will beavailable for 365 days via MemberView, a web-based accountmanagement system. The second phase, will allow deposited items tobe cleared and settled through the electronic exchange ofimages.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
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New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
April 19 -
According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
April 19 -
The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
April 19 -
Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
April 19 -
The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
April 19