Tio Networks, the expedited bill-payment processor, recently signed agreements expanding customers’ bill-payment options with Cox Communications Inc. and Southern Company’s Georgia Power subsidiary, both based in Atlanta. The agreements enable both companies’ customers to pay their bills in cash at Tio’s self-service payment kiosks and retail locations where Tio operates payment centers. Burnaby, British Columbia-based Tio Networks owns1,500 kiosks and manages 18,000 payment centers nationwide. Tio Networks credits payments to customers’ accounts the same day, Tio executives say. Tio’s agreement with Cox, the nation’s third-largest cable television company with 6.2 million customers, expands its existing bill-payment services through Tio to a national basis from a regional contract that included only Phoenix and Las Vegas. Tio will deploy bill-payment kiosks in select retail locations throughout Atlanta for customers of Georgia Power, an electrical utility with 2.3 million customers. Tio signed both agreements in late November.
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The Pennsylvania-based regional bank said it will collaborate with OpenAI to deploy artificial intelligence across its commercial banking operations. OpenAI technical teams will be onsite to build custom AI capabilities.
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The Treasury Department will look at recipients of awards from the Community Development Financial Institutions Fund for "potential violations of applicable law" as the Trump administration continues its campaign against alleged abuses related to the program.
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Sen. Thom Tillis, R-N.C., said on Sunday that he no longer opposes Kevin Warsh's nomination to serve as chair of the Federal Reserve following the Justice Department's announced closure of its inquiry into current Fed Chair Jerome Powell.
April 27 -
Banks weighing stablecoin partnerships need to know whose playbook regulators will endorse before another major crypto theft tests the question.
April 27 -
In order for artificial intelligence to be useful, it has to be powered by accurate information, three community-bank executives agreed at a virtual panel hosted by American Banker.
April 27 -
The Office of the Comptroller of the Currency issued an interim final rule Friday to clarify banks' leeway to charge interchange fees, explicitly blocking the applicability of a law passed in Illinois that would ban charging interchange fees on taxes and tips that goes into effect in July.
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