JACKSONVILLE -- Barnett Banks Inc. is the latest bank to offer its customers a Visa check card. Currently, there are 16.5 million Visa check cardholders in the United States. The $38 billion asset bank, which named its program the Barnett SuperCard Check Card, introduced its automated teller machine card to 860,000 checking account customers in Florida and Georgia. Barnett Banks, the largest financial institution in Florida, is initially targeting 31 of its 615 banking affiliates.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
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The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
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