VeriFone Holdings Inc. on April 2 announced the acquisition of TaxiTronic Inc.’s minority ownership in the VeriFone Transportation System joint venture the two companies formed in 2005.
Terms of the deal were not disclosed. TaxiTronic is a fleet manager for the New York City taxi industry.
As of December, VeriFone’s taxi point-of-sale products were in 13,700 taxis, twice the 2008 total, VeriFone says (
Tech leaders explain how they're trying to use artificial intelligence to better understand customers and communicate with them, without seeming robotic.
NB Bancorp's deal for Provident Bancorp is the fourth announced in the Bay State since December. It comes nearly three years after bad crypto mining loans led to massive losses at Provident.
The Banking Committee's portion of the Senate budget bill would eliminate the Consumer Financial Protection Bureau's ability to request funding from the Federal Reserve, a move that goes further than House Republicans' version of the bill.
Congressional Democrats offered a bill Friday requiring the Treasury Department to apply the anti-money-laundering requirements of the Corporate Transparency Act more fully and help educate small businesses on how to comply with reporting of beneficial ownership information.
Bethany Corum succeeds Tom Barron as president of Capital City Bank; Independent Bank Corp. plans to finalize purchase of in-state rival, Enterprise Bancorp; Customers Bank taps Mark McCollom to take over as chief financial officer; and more in this week's banking news roundup.
In her first speech since being confirmed as the Federal Reserve's vice chair for supervision, Michelle Bowman outlined a set of ambitious pursuits that would overhaul bank regulation and examination.
