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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Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
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The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
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Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
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Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.
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The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.
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American Banker data finds that a majority of executives investing in technology expect payments enhancements in the immediate future as well as further out.
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