Some SVB customers have to pay back loans, despite deposit loss

June 20, 2023

Silicon Valley Bank collapsed earlier this year due to a variety of factors including an over investment into government bonds and a major run by depositors…

Chase intros Freedom credit card

June 20, 2023

JPMorgan Chase has introduced Chase Freedom Rise, a credit card for new-to-credit customers. The bank designed the card to help customers build credit, even…

IMF begins work on platform for central bank digital currencies

June 20, 2023

The International Monetary Fund is developing a platform for central bank digital currencies, which would provide cross-border transactions. In particular, it…

Scammers use bitcoin ATM to steal $30K from woman

June 20, 2023

A 76-year-old woman was reportedly scammed out of $30,000 after being convinced to deposit it in a bitcoin ATM in mid May, according to a Journal-News report.

DocuSign appoints board member

June 19, 2023

DocuSign, an e-signature company, has appointed Anna Marrs to its board of directors. She will also join the board's audit committee, according to a press…

IndusInd Bank partners with Wise to offer remittance services to India

June 19, 2023

IndusInd Bank, based in London, Dubai and Abu Dhabi,has partnered with Wise, a money management company, to offer remittance services to non-resident Indians…

SVB to sell investment banking business to management team led by CEO

June 19, 2023

Silicon Valley Bank has entered into an agreement to sell its investment banking business, SVB Securities, to a management team group led by CEO Jeff Leerink…

How are banks automating or failing to automate?

by Bradley Cooper — Editor, Connect Media

Banks are typically seen as traditional organizations; however, many are embracing automation to improve efficiency and meet customer needs. That being said…

First Tech Federal Credit Union to offer financial services for foster children

June 16, 2023

First Tech Federal Credit Union, based in San Jose, California, has partnered with Youth Villages Oregon, a children mental and behavioral health organization…

Payment processing company Global Holdings appoints CEO

June 16, 2023

Global Holdings LLC, a payment processing and account management for consumer debt settlement, has appointed Steven Petrevski to serve as CEO. He replaces Kurt…

Bank of England moves closer to digital pound

June 16, 2023

The Bank of England is seeking public feedback on how to design a central bank-backed digital currency: a digital pound.

Discover Bank intros $36M fund for Delaware financial health

June 15, 2023

Discover Bank has introduced its Financial Health Improvement Fund in Delaware to support startups and technology companies that develop solutions to improve…

Carolina Foothills Federal Credit Union to offer non-sufficient funds solution

June 15, 2023

Carolina Foothills Federal Credit Union has partnered with DoubleChecks Solutions to allow members to stop payments with non-sufficient funds from being…

Using Virtualization to Improve ATM Testing: Best Practices

In this blog we take a look at what ATM testing virtualization is, along with some best practices on how you can implement virtualization software into your…

Bitcoin ATM operator sues sheriff for seizing cash from machine

June 14, 2023

Lux Vending, which operates BitCoin Depot cryptocurrency ATMs, has sued the McLennan County, Texas sheriff's office for seizing cash from one of its kiosks to…

Point Breeze Credit Union opens Rosedale branch with 24-hour ATMs

June 14, 2023

Point Breeze Credit Union, based in Maryland, has opened a branch in the Roseland community in Baltimore, Maryland. The branch features three drive-thru lanes…

Regions Bank brings on head of Homebuilder Finance

June 14, 2023

Regions Bank has appointed Fred Behnke to serve as head of its Homebuilder Finance. He previously served as regional manager for Region Bank's east region and…

European Central Bank warns banks to leave Russia

June 14, 2023

The European Central Bank is urging Euro zone banks to leave Russia. This is a rare direct call on banks to leave the nation, after more than a year into…

ATM thieves steal $100K in the Bronx

June 14, 2023

Police are on the lookout for two individuals who allegedly stole $100,000 from a worker replenishing an ATM in the Bronx, New York.

Bank Customer Experience Summit will examine customer journey

by Bradley Cooper — Editor, Connect Media

The Bank Customer Experience Summit, being held Sept. 12 to 13 in Charlotte, North Carolina will feature several panels surrounding customer experience in…