BOSTON - (03/13/06) In tribute to Charlie, thefictitious subway rider who couldnt get off the trainbecause he didnt have the exit fare, the Massachusetts BayTransit Authority has introduced a new electronic fare system.Remember the hit refrain, hes the man who neverreturned? Now Charlie will be able to get off the train asits approaches his Boston home, as long as he has the properplastic card. Charlies legacy, the CharlieCard, will enableriders on one of Americas oldest public transportationsystem to pay their fares by using electronic smart or credit/debitcards. The MBTA, known as the T to Bostonians, isphasing out coins and tokens and installing smart card dispensersat all of its stations. T officials hope to be fully automated bythe end of 2007.
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Employees at two of the 28 Wells branches where workers previously voted to unionize are now shedding union representation.
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Alessandro DiNello, who served as Flagstar's executive chairman in 2024, said he's leaving in order to enjoy his retirement. Meanwhile, a lawsuit accusing him of various wrongdoings is still pending.
March 30 -
Cybersecurity experts at RSAC urged banks to treat the transition to post-quantum cryptography as an enterprise risk, not just an IT headache.
March 30 -
The Minneapolis-based regional bank is extending home-improvement loan durations by as much as two years in a bid to continue capitalizing on a long-running remodeling boom.
March 30 -
The Department of Labor proposed a rule that would bring private credit more into retirement accounts, as pockets of the market bubble up and some point to contagion.
March 30 -
The government MBS guarantor ended a 15-day advance notice mandate for extensions on a filing deadline so those with a March 31 due date can still ask for one.
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