COLUMBIA, S.C. - (05/17/06) -- Palmetto Cooperative Services, awholly owned CUSO of the South Carolina CU League, announcedTuesday it has contracted with VSoft Corp. to provide image captureand exchange services at the branch for its 300 credit unioncustomers in six states. Under the deal, PSC will implement VSoft'seDesk Capture, Image Archive, Research, Branch Item Capture andImage Exchange products. Plans call for PCS to roll out VSoft'sBranch Item Capture solution to its members, allowing creditunions' branch locations to capture and exchange images onsite incompliance with the new Check 21 law. PCS will collect check imagesfrom the credit unions and exchange them with the FederalReserve.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








