IRVING, Texas - (09/22/04) -- Genpass Technologies, which operatesthe MoneyPass electronic funds transfer network, said it hasintroduced a new generation of wireless ATMs which allows ATMs toprocess transactions without traditional telephone lineconnections. Genpass Wireless, introduced in partnership withVentus Network and Lipman USA, uses Ventuses' CDMA technology, thelatest in wireless digital data services. The companies hope thenew service will pose an alternative to traditional dial-up foroff-premise ATM deployments and to lease-line for financialinstitutions.
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The top five banks and thrifts have combined total assets of nearly $13 trillion.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
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The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
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In a letter to Treasury Secretary Janet Yellen last week, the Massachusetts senator highlighted the growing use of cryptocurrencies by malicious organizations abroad and underscored the need for anti-money-laundering and counterterrorism provisions in future proposals.
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Brendon Falconer, finance chief of the Indiana company since 2019, faces felony child molestation charges. But CEO James Ryan says management is focused on the CapStar integration and organic growth.
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The banking-as-a-service middleware provider will be acquired by TabaPay. Other middleware providers may be forced to evolve or face the same fate.
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