JACKSONVILLE, Fla. – Florida Telco CU is the first credit union to successfully pilot Southeast Corporate FCU’s Merchant Capture product with its business members.
Virtual Deposit Merchant Capture allows members to make deposits to their credit union accounts from their desktop. Business members can scan their checks for deposit at their place of business. The check images are then transmitted through Southeast’s secure web-based product.
Bank of America, Capital One and other large banks have teamed up to publish a set of principles for agentic commerce. But the call for a set of standards from banks comes as other fintechs and payment companies are already forging ahead with the technology.
WestStar Bank of El Paso is acquiring Albuquerque's Southwest Capital Bank, bringing it six new branches in New Mexico.
The U.S. economy is expected to keep growing despite nagging inflation, according to the latest consensus report from the American Bankers Association's Economic Advisory Committee.
As the payment company looks for new ways to drive volume, it's using the social media company's personal artificial intelligence to aid shopping and checkout.
An AI agent's capabilities are only part of the decision. Banks also need to establish limits of delegation, the consequence of errors and who can intervene.
Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
