ADDISON, Texas - (04/27/05) -- Metavante said its VECTORsgi unithas enhanced its VECTOR Capture Anywhere Solution to include imagecapture at the teller line, the back counter, ATMs, corporateoffices and correspondent banks. Capturing images at the earliestpoint of presentment allows credit unions and banks to acceleratethe benefits of check imaging by removing geographic boundaries, anadvantage made possible by Check 21. The VECTOR Capture AnywhereSolution collects and balances image deposits electronically,streamlining item processing and extending deposit windows,allowing credit unions and banks to increase funds availability andreduce float, regardless of time zone of location.
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Megan Ryan joins American Banker from the Chicago Fed, bringing insights on the payments industry exclusively for subscribers.
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The Saginaw, Michigan-based credit union brought its credit card program back in-house to capture more member spending and gain added control over customer relationships. Previously, its credit card program was managed by a third-party vendor.
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The New York-based bank, which serves plaintiff law firms, agreed to pay $348 million for a Windy City community bank.
March 12 -
A New York state bill would reduce the barrier for minority-bank and community-bank participation in the state's long-standing Banking Development District program.
March 12 -
A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
March 12 -
The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
March 12









