Huntington Bancshares joins CHIPS network to reduce churn during Texas bank acquisitions
By
John Adams
Summary
Huntington Bancshares is leveraging new payments technology, including joining The Clearing House Interbank Payments System (CHIPS), to reduce customer churn during its acquisition integration. As the Ohio-based bank absorbs two banks in Texas, it's enhancing its ability to process high-value bank-to-bank payments and improve international payment services for business clients. Deepak Kapoor, head of payments products, emphasizes the strategic importance of payments infrastructure in retaining customers during mergers.
Source
bskyHuntington Bancshares joins CHIPS network to reduce churn during Texas bank acquisitionsamericanbanker.comKey quotes
· 3 pulledWe just acquired two banks and that added a lot to our footprint
And we want to improve international payments
The remit for
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