HOUSTON - (09/07/05) -- PULSE EFT said it has asked all ofits 4,100 financial institution members to eliminate ATMsurcharging for card users in Louisiana, Mississippi and Alabamafor a period of time those areas are recovering from HurricaneKatrina. The electronic funds transfer network, which has one ofthe biggest EFT operations in the Gulf States, is sending outBIN-listing, card identifications of individuals in those hard-hitstates so that financial institutions around the country--whereGulf-area residents are being relocated--can be identified. PULSEis also working with the American Bankers Association to gathermobile ATMs for use in the affected areas.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
September 11 -
The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
September 11 -
Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
September 11 -
Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
September 11 -
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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