FREMONT, Calif. - (05/24/05) -- Tranax Technologies Inc. said it haspartnered with Financial Payments LP to create a self-service checkcashing solution with ATM functionality. The self-service CheckCashing SST terminal allows consumers to cash any kind of check,not just government or payroll checks, and offers accountenrollment, account debit card issuance and real-time checkverification and approval, eliminating the need for any clerkinteraction. The terminal also offers retail ATM functionality. Theterminal is currently being beta-tested and is expected to beavailable commercially at the end of the second quarter.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3