MILWAUKEE - (10/15/04) -- Marshall & Ilsley said thirdquarter earnings climbed 11% to $155.4 million, or 69 cents ashare, due to the continued growth in its Metavante financialservices unit. Total non-interest income for the bank holdingcompany rose 13% for the quarter to $367.9 million. Through thefirst nine months of the year net income increased 12% to $453.3million, or $2.01 a share, and on-interest revenues, most of itearned by Metavante, climbed 11% to $1 billion. Metavante, a whollyowned unit of M&I, has completed six major acquisitions in thefirst three quarters, including the NYCE electronic funds network,Advanced Financial Solutions (AFS), owner of the CheckpointExchange check clearing network, the Kirchman Corp. and ResponseData, a provider of bill pay and check processingservices.
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A bill on reciprocal deposits passed the committee unanimously, while another measure on custodial deposits passed by a wide, bipartisan margin.
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The payment company has made a series of moves to bolster its stablecoin and other coins to build a market for digital assets. Its Links feature adds to the strategy.
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Google has launched its Agent Payments Protocol, an open protocol that establishes a payment-agnostic framework for users, merchants and payments in agentic AI. Payment companies such as Adyen, American Express, Mastercard and PayPal helped develop the protocol.
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Prosecutors say Daryl Heller lured 2,700 investors with promises of safe ATM profits but misappropriated $185 million.
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The companies have signed a new data-sharing agreement that includes an undisclosed pricing structure. Plaid said it will not pass the new costs on to its clients.
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A group of Democratic Senators led by Elizabeth Warren, D-Mass., urged regulators to keep the 2023 Community Reinvestment Act overhaul, saying the rule was carefully crafted with bipartisan input.
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