OKLAHOMA CITY - (08/31/05) -- Endpoint Exchange said it hasbrought 81 Minnesota credit unions, owner/members of the MinnesotaItem Processing Corp. CUSO, online with its fledgling nationalelectronic check exchange. The Minnesota Item Processing Corp.processed more than 50 million items for its 100 credit unionmembers last year. Endpoint Exchange which is owned by Marshall& Ilsley Corp.'s Metavante, is one of three private-sectornetworks vying to become the major national outlet for electroniccheck and item processing. The others are Fiserv's network and TheClearing House Payments Co., which is owned by several largebanks.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3