First Data Corp. will offer a card-acceptance package for Austrian merchants, the United States-based processor says in a statement. 'FirstPos' enables First Data to become a direct vendor of payment devices in addition to processing cards. "Merchants remain independent and can keep their terminal and service contracts even if they change their acquiring partner," Karin Skarek, First Data managing director in Austria, says in a statement. The service includes terminals that already comply with future European Union regulations, the acceptance of different cards and a monthly flat fee that includes technical services, the statement says. First Data processes 430 million card payments per year in Austria, according to the company.
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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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Three former senior enforcement officials at the Consumer Financial Protection Bureau have launched Halperin Petersen & Mikkilineni LLP, a new public interest law firm; Ally Financial taps Mark Mathewson as chief information and data officer; Provident Bank names Anthony Petrazzuoli SVP, deposits & payments operations director; and more in this week's banking news roundup.
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