News & Media
Mexico's Banco Famsa collapses
August 28, 2020
Mexico's National Banking and Securities Commission has received criticism for being too slow in responding to applications from new financial institutions as…
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Michigan credit union executes digital push for members
August 28, 2020
Wildfire Credit Union, based in Saginaw, Michigan, announced its move into a 'digital-first' approach for members with the selection of Backbase, an…
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Citi claims defective software caused $9 million error
August 27, 2020
Citigroup is working hard to recover funds recently sent in error to creditors of cosmetics company Revlon. Citi already has multiple lawsuits to require…
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US agencies warn banks North Korean hacking operation is back
August 27, 2020
A joint advisory from the Cybersecurity and Infrastructure Security Agency, the Department of the Treasury, the Federal Bureau of Investigation and U.S. Cyber…
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CBA launches high-speed lending option for SMEs
August 27, 2020
The Commonwealth Bank of Australia has launched BizExpress Online, a high-speed lending system for small businesses, available through Netbank and the CommBank…
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Credit Suisse closing 37 branches in streamlineing effort
August 26, 2020
Swiss bank Credit Suisse plans to close 37 branches and cut jobs in its home country of Switzerland as part of an effort to streamline its business.
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Discover, Car IQ launch automotive fleet payments solution
August 26, 2020
Discover Financial Services and California-based financial technology startup, Car IQ, are partnering to create a payment platform for machine-initiated…
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Egypt’s Banque Misr to deploy ATMs at subway stations
August 26, 2020
Egypt's Banque Misr has signed an agreement with the Egyptian Metro Management and Operation company to deploy its ATM machines at all subway stations.
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Pandemic to test Bank of Canada’s inflation expectations
August 26, 2020
The economic fallout from the COVID-19 pandemic will determine Canadians' faith in the Bank of Canada's ability to keep to a 2% inflation target, according to…
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Three reasons why retail consumers use Bitcoin
by Marc Grens — Founder & President, Digital Mint
Bitcoin has been a part of the financial marketplace for some time and has grown in popularity, especially amongst millennials and the unbanked. Marc Gren…
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Cash or cashless: The flaws in today’s payments debate
Cash and digital payments don’t have to be mutually exclusive; this is not a zero-sum game as the two payment options can exist together.
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JPMorgan, postal service discussions ingnite ICBA to demand transparency
August 25, 2020
The Independent Community Bankers of America is asking for an investigation regarding reports the U.S. Postal Service is mulling an exclusive agreement with…
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Town Square creating brand identity for Armaguard ATM network
August 25, 2020
Town Square, a full-service advertising agency in Melbourne, Australia, is creating a brand identity for the introduction of the Armaguard Group's ATM network.
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SBI introduces doorstep ATM service
August 25, 2020
The State Bank of India is debuting a mobile facility it's calling "the doorstep ATM" to service customers at home, especially the elderly and those with…
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Bank of America Mobile app gives customer $2.45 Billion
August 24, 2020
A Bank of America customer in Massachusetts checked his account to discover the bank had made a serious error and deposited $2.45 billion into his account. The…
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Charlotte bank retires brand, gets new name
August 24, 2020
The NewDominion Bank brand, once a popular community bank in Charlotte, North Carolina, has changed its name, and related signage, to Park National brand, the…
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Kotak Mahindra Bank launches cardless cash withdrawal
August 24, 2020
Kotak Mahindra Bank of India is launching cardless cash withdrawal through its ATMs.
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First Midwest Bancorp declares dividends
August 24, 2020
First Midwest Bancorp, Inc.'s board of directors has declared a quarterly cash dividend of $0.14 per share on the bank's common stock payable on October 6…
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#NewNormal: Reshaping Banking in the Post-Covid Era
The current pandemic’s impact on individuals and organisations within the banking sector is ever evolving. It has been predicted that the economic environment…
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Got sanitizing products?
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
Sanitization and safety are key for banks and ATM operators as they face creating extensive and comprehensive cleaning and disinfecting routines to keep the…
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