SAN FRANCISCO - (01/12/06) Biometric identificationcompany Pay By Touch said it has signed with two midwestsupermarket chains to allow shoppers in Minnesota and North Dakotato use their fingerprints to pay for groceries. SUPERVALU hasagreed to introduce the companys fingerprint payment systemin its five Hornbachers grovery stores in Fargo, N.D. andneighboring Moorhead, Minn., as has Cash Wise in selected stores inthe two states. The Pay By Touch system debits bank and creditunion accounts by allowing shoppers to use touch a keypad at thepoint-of-sale, instead of using a credit or debit card.
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Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
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The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
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Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
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Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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