MOUNTAIN VIEW, Calif. - (11/01/05) -- Google is expected to unveil anonline payment system as soon as the next few weeks in order totake advantage of holiday spending season. The payments system, tobe called Google Wallet, will allow consumers to pay merchantsonline from their own credit union or bank accounts without using acredit card. The company has been piloting the system for the pastsix months. It is not clear whether Google Wallet will alsofacilitate person-to-person transfers. The online payment system isexpected to be part of a comprehensive strategy by the Internetsearch engine that will include the subsequent launch of an onlineclassified and selling service, similar to the one offered byeBay.
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Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators and that would give banks more power over the appeals process.
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Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
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The Minneapolis-based company has promoted Kedia to president, a role that CEO Andy Cecere and his predecessor both held before being named to the top job.
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The Consumer Financial Protection Bureau's overdraft proposal would set fees at $14. With fee income under attack from many sides, bankers say they would have to further restrict credit.
May 6 -
In a surprise move, the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and Federal Housing Finance Agency proposed a long-awaited rule to curb certain incentive-based pay arrangements for bank executives.
May 6 -
The $1.1 billion-asset Vibrant is working with the San Francisco-based distributed ledger development firm Metallicus through its Metal Blockchain Banking Innovation Program to examine use cases.
May 6