JPMorgan Treasury Services will give its Chase E-funds cardholders access to the surcharge-free Allpoint automated teller machine network.
The J.P. Morgan Chase & Co. unit announced the arrangement Monday. The E-funds card is mostly used for payrolls but has also been adapted for use as a prepaid, travel and entertainment, and transportation card. The cardholders already had access to more than 1,500 Chase ATMs. Allpoint, of Bethesda, Md., has 25,000, in all 50 states.
There were some intriguing ideas at the event, but whether they'll take off remains to be seen.
New York's attorney general announces MoneyGram will pay a civil fine to settle a lawsuit over its handling of remittance payments; Swedish buy now/pay later lender Klarna is getting into the telecom business; Truist Financial has hired Charles Alston to lead its new nonprofit hospital, higher education and government banking team; and more in this week's banking news roundup.
Deputy Treasury Secretary Michael Faulkender says Basel capital rules need to fit the U.S. economy and avoid discouraging banks from lending.
From AI to crypto to the fraud fight, the industry is rapidly evolving; these young companies are looking to take advantage.
Lipkin, who built Valley National Bancorp from a small community bank into a regional institution with 200 branches in four states, passed away this week at age 84.
Financial markets were shaken but not stirred this past spring, according to the Federal Reserve, as swinging stock prices and bond yields did little to bring down elevated asset prices or leverage.
