OKLAHOMA CITY, Okla. - (06/05/06) Endpoint Exchange, one of fourfledgling national check networks, said last week it plans to linkup with SVPCO, a competing network owned by large banks, as soon asAugust. The checks and image-replacement documents will be settledthrough the National Clearing House Association, a unit of EndpointExchange. Endpoint, which is owned by Marshall & IlsleysMetavante unit, hooked up late last year with Viewpointe ArchivesServices, another competing check network owned by some of the samebanking giants. SVPCO is owned by a dozen large banks, includingBank of America, JP Morgan Chase and U.S. Bancorp., whileViewpointe is owned by BofA, JP Morgan Chase, SunTrust, U.S.Bancorp and IBM.
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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