OKLAHOMA CITY - (10/29/04) -- The Endpoint Exchange Networknational check exchange said it began live operations with a testrun Thursday in conjunction with the enactment of the Check 21 law.Under the test, check images captured by INTRUST Bank, one of therouting banks on the network, are routed to Endpoint Exchange, thenchecks payable to non-network participants are forwarded to Fiserv,which routes them into a national image distribution network. Thetransactions are settled by the National Clearing HouseAssociation. Endpoint Exchange is owned by Metavante, a whollyowned subsidiary of bank holding company Marshall & IlsleyCorp., and has signed 4,000 credit unions and banks to its newcheck network.
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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