JACKSONVILLE, Fla. - (02/17/06) -- Fidelity National InformationServices, the cards processing and back-office services providerrecently formed, said this week it plans to start its own debitprocessing network and to offer discounted interchange rates tomerchants. The company, formed last month by the merger of FidelityNational Financial's back-office group and Certegy Inc., iscurrently processing almost 140 million transactions a month,including signature, PIN and stored-value debit transactions. Italso operates a network of 4,100 ATMs. Plans call for launch of thenew network later this year.
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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