SAN ANTONIO - (03/11/05) -- Payment Data Systems Inc. saidThursday it has filed an application for patent protection with theU.S. Patent Office for technology that will enable the first billpayment using a debit card. The technology allows the cardholder touse their stored-value card debit or ATM card to pay local,national, or international bills using their electronic balance.Because the card is not linked to a credit union or bank accountthe technology would allow for 'unbanked' customers to pay theirbills. Payment Data Systems has already licensed the technology toSecure Cash Network for use. However, the technology can also belicensed by any provider or network, including MasterCard, Visa andAmerican Express.
-
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.
2h ago -
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.
2h ago -
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.
2h ago -
The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
3h ago -
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.
4h ago -
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.
4h ago