MINNEAPOLIS - (06/28/06) U.S. Bancorp announced Tuesdayit is combining its newly acquired MoneyPass ATM network with itsown 5,000 cash machines to create a nationwide fleet of 12,000ATMs, the second-largest bank owned fleet in the country. Only Bankof Americas fleet of 18,000 ATMs and the independentlyoperated Cardtronics and TRM Corp., with 22,000 and 18,000,respectively, are larger than the U.S. Bancorp operation. U.S.Bancorp obtained the 7,000 surcharge-free MoneyPass machines whenit acquired Genpass last year. More than 2,000 credit unionsprovide their members with surcharge-free access over the MoneyPassnetwork through various agreements with The Credit Union 24, theIllinois CU League's Member Access, Mid-Atlantic Corporate FCU.U.S. Bancorp has also emerged as the largest acquirer of creditunion credit card portfolios through its wholly owned ElanFinancial Services subsidiary.
-
Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.
54m ago -
The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
5h ago -
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
8h ago -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23 -
Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
April 23 -
The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
April 23