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A plan by the Federal Reserve Board to shutter three western check-processing centers could encourage banks to implement image technology, industry observers say.
June 2 -
RSA Security Inc., which has purchased two security companies since December, has combined their software to create a single product for authenticating identities and monitoring transactions for fraud.
June 2 -
The number of check images that settle electronically is closing in on the number of images that must be converted back to paper.
June 1
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Bank of America Corp. is hoping to build on the success of its Keep the Change program by expanding the 5,000 affinity card relationships it got in January by buying MBNA Corp. to include affinity mortgages, insurance, and other products.
May 31 -
The table lists daily composite stock prices at 4 PM (unless otherwise noted) as measured by market capitalization.
May 30
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LAS VEGAS - Some payment executives, including some bankers, are voicing skepticism over the value of a converged payment system that would use both image exchange systems and the automated clearing house network to settle payments.
May 30 -
Emigrant Bancorp of New York has raised the rate it offers on its online savings account to 4.65%, from 4.50%.
May 30 -
Endpoint Exchange LLC, which operates an image exchange network used mostly by small financial institutions, has added some large ones.
May 30 -
Concern that fraud is threatening consumer confidence in the payment system is prompting some banks to collaborate on new security measures.
May 26 -
Wachovia Corp. has awarded the processing business for its fledgling credit card operation to Total System Services Inc.
May 26 -
LAS VEGAS — Bankers say new technologies are putting pressure on their payments revenue.
May 25 -
Viewpointe Archive Services LLC is planning a major upgrade to its check-archiving network.
May 24
