IMGCAP(1)]Danish payments processor PBS Wednesday announced it will use a combined SEPA direct-debit and credit-transfer product from Belgium-based payment-technology vendor Clear2Pay. PBS will provide the service to its bank and corporate clients, a company statement says. To date, 117 financial institutions have signed up for the direct-debit payment-processing service, PBS says in a statement. Denmark is not in the Euro zone, but PBS's clients do business in the European market and need to be SEPA-compliant, PBS CEO Flemming L. Jensen says in a statement.
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Small Business Bank in Kansas failed on Friday, the second failure in a week and the fourth failure overall in 2026.
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The regional bank faced months of pressure to end its relationship with CoreCivic and The Geo Group, two of the country's largest private prison operators. On Friday, it said it would "exit the credit facilities" it has in place for those companies, attributing the decision to business factors, not pressure from activists.
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Banks use artificial intelligence to do many different jobs. At Fifth Third, the technology is supervising the biggest post-merger integration in the bank's history.
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Amid warnings that a future slowdown in AI capital spending could pose a systemic threat, executives at Regions Financial said they're preparing the same way they would for any other credit concentration.
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ADHD can cause a slew of financial woes for clients, leaving them feeling overwhelmed, frustrated or emotional. Here is how advisors can help them build their confidence and stay on track.
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In its annual survey of industry consolidators, DeVoe and Co. detects signs that the upward march of RIA deal valuations may soon come to a halt.
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