Briefs

Published September 04, 2008, 1:00 a.m. EDT

Updated September 04, 2008, 12:00 a.m. EDT

1 Min Read

IMGCAP(1)]

Processing Content

Wells Fargo & Co. announced today it has expanded the wires and self-administration features of its CEO Mobile corporate mobile-banking service.

Hypercom Corp. says six financial institutions in Thailand have selected the point-of-sale terminal maker's EFTSec Server to encrypt cardholder data transmitted between payment terminals and banks.

Clearent LLC, an independent sales organization, has a signed an agreement with Zions Bank Correspondent Banking Group in Salt Lake City, Utah, to provide merchant services to its affiliated community banks.

Phoenix Merchant Processing Inc., an independent sales organization formerly known as Merchant Processing Inc., launched a Web site this week as it continues to rebrand itself.

MORE FROM AMERICAN BANKER

Liquidity

Is private credit a new risk for the Federal Home Loan banks?

Life insurers' borrowings from the Federal Home Loan banks has increased in recent years, raising concerns about opaque, private credit investments and how it intersects with the Federal Home Loan banks' housing mission.

By Kate Berry
Reporter

3h ago
Commercial banking

Domino effect: How Iran war impacts farms, transport and banks

As gas prices surge, small businesses — particularly in agriculture and transportation — have struggled to keep up. For banks, this has brought a combination of short-term benefits and long-term concerns.

By Nathan Place
National Reporter

May 6
CHIME

Chime hits GAAP profitability in Q1

The neobank reported a 25% year-over-year increase in revenue for the quarter ended March 31, with active users jumping 19% to 10.2 million. The company also raised its full-year 2026 guidance and authorized a $200 million share repurchase program.

By Joey Pizzolato
Reporter

May 6
Digital banking

Erebor Bank hits $1.1 billion in deposits in 7 weeks

The newly opened bank founded by big tech executives reached the deposit milestone within its first quarter of operations, according to a recent call report.

By Melinda Huspen
Tech Reporter

May 6
U.S. Bank

Why US Bank built its own BNPL program

Banks are mixed in their adoption of buy now/pay later and installment lending, according to American Banker research. Those that offer or are planning to offer it say that the primary motivating factor is to stay competitive.

By Joey Pizzolato
Reporter

May 6
Agentic Commerce

Where AI in banking is running into roadblocks

Citi payments exec Driss Temsamani said there's more work needed to bridge gaps to enable artificial intelligence to work broadly for payments and finance.

By John Adams
Executive Editor, Payments

May 6