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Paring back branch networks is a quick way to cut costs. But executives at large regionals are reluctant to make such cuts until they have found a way to thrive at other delivery channels.
July 8
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Vantiv has bulked up its merchant services capabilities through a series of acquisitions, a strategy that's making it more attractive to financial institutions.
July 8 -
JPMorgan Chase has agreed to pay more than $200 million to settle claims by federal and state authorities that the megabank wrongfully collected credit card payments on hundreds of thousands of consumers.
July 8 -
JPMorgan Chase has agreed to pay more than $200 million to settle claims by federal and state authorities that the megabank wrongfully collected credit card payments on hundreds of thousands of consumers.
July 8 -
The National Credit Union Administration announced that it has issued a federal charter to ELCA Federal Credit Union, making it the third such new charter for 2015.
July 8 -
Chase Card Services has rebranded and redesigned its small business management mobile app, previously called Jot, to Ink from Chase.
July 8 -
Mobile banking technology provider Monitise Plc has informed its shareholders that Visa Europe will reduce its investment in the company, but will complete a three-year commercial agreement to develop services and finish products.
July 8 -
The auto loan market is strong and shows no signs of slowing down, according to credit unions across the country.
July 8
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While some predict that fintech startups will soon overthrow banks, a boom in partnerships between the two industries is far more likely. Startups will benefit from access to new markets and infrastructure, while banks will stay on the cutting edge of innovation.
July 8
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The New York Stock Exchange halted trading in all securities as it addressed a computer malfunction and said it canceled all outstanding orders.
July 8
