SCOTTSDALE, Ariz. - (08/03/04) -- eFunds Corp. said it has signed withComdata Corp. to offer Comdata's 500,000 payroll cardholderssurcharge-free access to the 15,000 ATMs eFunds Corp. manages atoff-premise locations. The deal with Comdata is the first timeeFunds has provided surcharge-free ATM services specifically topayroll cardholders. eFunds, however, provides cardholders that aremembers of the CO-OP Network of credit unions surcharge-free accessto about 7,000 eFunds ATMs that operate under the Access Cashbrand. eFunds said it is creating an Internet-based ATM-locatorprogram that will launch this month. With it, payroll cardholderswill be able to retrieve information on the nearest eFunds ATMusing their card numbers and ZIP codes. Comdata is a Brentwood,Tenn., subsidiary of Ceridian Corp.
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Andrew Foster, the bank's chief data officer, explained how he has been instilling data discipline across the organization and making the bank's data AI-ready.
15m ago -
The Office of the Comptroller of the Currency will announce Senior staffers overseeing large, regional and community banks early next month, apparently reversing the unified approach to supervision it implemented earlier in the year.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
September 17 -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
September 17 -
Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
September 17