BLOOMINGTON, Minn. - (06/02/05) -- Minnesota Item Processing Corp., aCUSO performing item processing for more than 100 credit unions,said Wednesday it has added Advanced Financial Solutions' branchcapture system, known as Direct Branch, and two image replacementdocument solutions, AFS Forward 21 and AFS Return 21, to its suiteof Check 21 image processing offerings. The AFS solutions are fullyinterfaced with MnIPC's existing AFS ImageVision check imagingplatform. AFS Direct Branch allows participating credit unions tocapture and balance deposited items, cashed checks, and payments,while electronically processing and truncating deposit slips andcash tickets, at the branch. AFS is a unit of Metavante Corp.,itself a subsidiary of Marshall & Ilsley Corp.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
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House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
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The global payments platform, which recently expanded to the U.S., also plans to build new autonomous finance and agentic commerce products.
June 26 -
A new lawsuit seeking class-action status alleges that FirstBank Puerto Rico knowingly facilitated Jeffrey Epstein's sex trafficking operation by failing to enforce basic anti-money-laundering and know-your-customer rules.
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Pinnacle Financial Partners' headquarters is moving to a new 25-story office tower in Midtown Atlanta; New Jersey-based Provident Bank appoints Adriano Duarte to succeed Thomas Lyons as chief financial officer; Binance will shut down services for customers in France, Italy, Spain and Poland after the exchange withdrew its MiCA licence application in Greece; and more in this week's banking news roundup.
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The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.
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