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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The Minneapolis-based bank has rolled out payroll and bill pay features four months after unveiling a service to monitor card spending. An accounts receivable solution is on deck.
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An alleged scandal involving the LA Clippers is just the latest reputation hit to the beleaguered fintech.
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When JPMorganChase said it planned to charge aggregators for its customer data, it sparked strong feelings on all sides.
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The card brand has added several tools that expand "agentic commerce," which adds artificial intelligence-based automation to shopping, service and checkout, innovation that's becoming popular with payment companies.
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Execs say other banks are still more of a rival for deposits than the digital currency.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
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