IRVING, Texas - (12/21/05) -- Pay By Touch said its ATM Directunit plans to test-pilot technology early next year that will allowconsumers to use their debit cards and PINs to make purchasesonline. The technology, which uses a screen-based 'floating PINpad' to allow cardholders enter PINs with the click of a mouse,instead of key entry, will be tested by ACCEL/Exchange, a unit ofFiserv. The system works by downloading digitally unique code tothe consumer's desktop, then creating a process of multi-factorauthentication. Company officials said they are negotiating withother networks to introduce the technology. ATM Direct waspurchased out of bankruptcy earlier this year by Pay ByTouch.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
April 25 -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
April 25 -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25