GAITHERSBURG, Md. - (03/22/06) -- VoiceLog LLC, a provider of thirdparty verification, announced the introduction of a new phone-basedelectronic signature process designed for automated demand draftand debit authorization. The system, called Reg E Xpress, uses acombination of VoiceXML, a speech-based interactive voice system,web pages, email and standard mail to meet the requirements of theFederal Reserve's new rules allowing financial institutions to userecorded telephone conversations as electronic signatures toauthorize recurring debit transactions. The process eliminates theneed for consumers to write checks each month and reduces the costsof processing paper checks. Reg E Xpress connects the consumer tothe VoiceLog system, which asks for the necessary information andrecords the answers, then gives the consumer a toll-free number toretrieve the agreement.
-
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
2h ago -
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
7h ago -
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
7h ago -
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
8h ago -
Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
8h ago -
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
11h ago