DigitalMailer, Inc., an electronic statement and digital communications company, has deployed its electronic statement check image interface for WesCorp's check image product "Snapshot." The company said the first client to take advantage of this capability, the $540-million First Financial Credit Union, West Covina, Calif., launched its electronic statement service earlier this year, but added DigitalMailer's e-Check' check image access module in July, following WesCorp's launch of its expanded online history capability, which allows up to 24 months of online access. Along with electronic access to their statements via DigitalMailer's eStatement program, credit union members have Internet access to images of their checks via DigitalMailer's e-Check module. For info: DigitalMailer, Inc. www.DigitalMailer.com.
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Federal Deposit Insurance Corp. Chair Martin Gruenberg will testify next week in Congress. Those hearings — which will come after the publication of a bombshell report detailing widespread misconduct at the agency — could signal whether he has a future at the FDIC.
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Bank stocks are up this year as interest rates have leveled off and there are hopes that pressure on lenders' profits could moderate.
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National Australia Bank is adding a Pay By Bank option for near-instant payments, Italy is bringing open-loop payments to buses in Tuscany, and more.
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DCI in Hutchinson, Kansas, is giving employees unsure about retirement the option to work part-time and gradually ease into the next phase of their lives.
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McCargo will succeed Teresa Bryce Bazemore at what the former sees as a "transitional, pivotal moment" for the Federal Home Loan bank.
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Federal Reserve Chair Jerome Powell said there have been "no decisions" on the controversial capital reform plan, but banks and others who have criticized the proposal are eager for an indication about what's next.
May 7