Key Takeaways QQQ shareholders approved converting the trust to an open-end ETF with a new board of trustees.Invesco says the shift unlocks efficiencies, allows lending and reinvestment, and cuts the expense ratio.QQQ will keep tracking the Nasdaq-100 and remain part of the QQQ Innovation Suite after the change.Shareholders of Invesco Ltd.’s (IVZ) QQQ Trust, Series 1, have approved a proposal to reclassify Invesco QQQ into an open-end exchange-traded fund (ETF), along with a change in its governance structu ...

Key Takeaways Truist introduced electronic direct deposit switching as part of its digital account opening process.Since August, 19% of new digital applicants using Truist's feature completed the direct deposit switch.Truist is enhancing digital tools, AI features and payment capabilities to improve the client experience.Truist Financial Corp (TFC) has introduced the electronic direct deposit switching feature to its digital onboarding process for clients, improving the ease and speed of new account opening ...

Key Takeaways FNB introduced Payment Switch to auto-transfer recurring ACH and debit card payments via its mobile app.Payment Switch complements Direct Deposit Switch, enabling near-real-time updates across multiple merchants.F.N.B. Corp ties Payment Switch to eStore onboarding and its omnichannel Clicks-to-Bricks strategy.F.N.B. Corp. (FNB) has introduced Payment Switch, a service that allows clients to automatically transfer their recurring Automated Clearing House (ACH) and debit card payments to FNB thr ...

PITTSBURGH, Dec. 16, 2025 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB), the holding company for First National Bank, announced it is among the first wave of banks to introduce Payment Switch, a service that enables customers to automatically move their recurring ACH or Debit Card payments to FNB using the FNB Direct Mobile Banking App. Payment Switch makes it easier for customers to establish a relationship with FNB, advancing the Company's strategy to become the primary bank for its clients. Continue Rea ...