BETHESDA, Md. - (06/16/05) -- Allpoint ATM network said a recentdeal with mid-Atlantic states credit union league has paid off big,helping the surcharge-free network to double it credit unionmembership over the past year to about 100, and 200 financialinstitutions overall. "We've had 30 credit unions signed thismonth, alone, the bulk of them in the three states," Ben Psillas,president of ATM National, the owner of Allpoint, told The CreditUnion Journal, of the recent deal with state leagues inPennsylvania, Maryland and Delaware. And the company is preparingto welcome two billion-dollar credit unions to the system: DeltaEmployees CU, Atlanta, and Hudson Valley FCU, Poughkeepsie, N.Y.,joining such other billion-dollar credit unions as Eastman CU,State Employees CU of Maryland, IBM Southeast Employees FCU andPentagon FCU, in the network. Allpoint offers access to more than32,000 ATMs nationwide, most of them in retaillocations.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
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