DAYTON, Ohio – ATM maker NCR Corp., in the midst of a corporate restructuring, announced yesterday it has signed a five-year contract with Solectron Corp to manufacture its ATMs and self-checkout systems. As part of its recently announced global realignment, NCUA will transfer its manufacturing in the Americas to Solectron sites in Columbia, S.C., Guadalajara, Mexico and Jaguariuna, Brazil by the end of the year. Solectron has been producing and assembling data warehouse servers for NCR’s Teradata subsidiary for seven years. NCR is in the process of spinning off Teradata to shareholders, which is expected to occur in the third quarter of the year.
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The ICBA files a suit to stop the OCC from its charter spree, and the CFTC wants to change the rules to bring prediction markets under its regulatory remit.
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Former bank CEOs David Provost and Chip Reeves assumed control of Parkway Bank on Thursday. They plan to use the $3.7 billion-asset bank as a springboard for organic growth and potential M&A throughout the Midwest.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
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The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
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The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
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More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
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