OKLAHOMA CITY - (03/29/05)Metavante Corp. Monday announcedthat The Endpoint Exchange Network has endorsed and will adopt thecheck image exchange rules established by the Electronic CheckClearing House Organization (ECCHO). The rules facilitate thetransition to a more efficient check payment system and everydepository institution is eligible for membership in ECCHO,Metavante said, noting that ECCHO is recognized as the nationalprovider of clearing house rules for electronic check presentmentand check image exchange by leading financial services tradeassociations, clearing houses, and data processors. More than 4,000Endpoint Exchange Network member institutions will be eligible toexchange checks under the ECCHO rule set in accordance with thesponsorship agreement.
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Jay Plum, head of consumer lending at Fifth Third Bank, says artificial intelligence is fundamentally shifting relationships between banks and their third-party software vendors, allowing banks to do things on their own that they would previously rely on vendors to do for them, like identify risky loans and prepare for exams.
2h ago -
A new analysis from the White House's Council of Economic Advisers says the banking industry's fears about deposit flight are overstated. Experts familiar with the banking industry's concerns say the report's conclusions are beside the point.
April 8 -
The card brand introduced tech for businesses to tap agentic AI, while Revolut counters Italy's accusations of inaccurate marketing. That and more in the American Banker global payments and fintech roundup.
April 8 -
The Treasury Department Wednesday proposed a set of rules that would require stablecoin issuers to abide by risk-based anti-money-laundering programs similar to those that banks must employ, as well as secondary market monitoring and independent testing by issuers.
April 8 -
Closing its Brex acquisition adds a corporate-focused fintech and new agentic commerce tools to an already considerable consumer payments division.
April 8 -
American Banker data found that those who upped artificial intelligence spending by more than 25% in the last year saw major improvements in employee output.
April 8










