News & Media
Post Covid-19: A wake-up call for financial institutions and credit unions
by Justin Van Peursem — President, MVP Financial Equipment Corporation
With restrictions being lifted from the Covid-19 pandemic lockdown, financial institutions and credit unions should be thinking about how they will prepare for…
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CFM upgrades analytic platform for banks, credit unions
May 5, 2020
CFM, an Arizona-based integrated banking technology provider, has made upgrades to its iQ business intelligence platform, according to a company press release.
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BOA's PPP applicants receive approvals worth $25B
May 4, 2020
The Small Business Administration approved loans for Bank of America's small business applicants worth approximately $25 billion under the second wave of…
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London-based fintech Revolut launches bank in Lithuania
May 4, 2020
London-based fintech, Revolut, having received its European banking license in late 2018 from European Central Bank and Bank of Lithuania, is expanding its…
read nowFiserv raises PINless transaction limits at Accel to $100
May 4, 2020
Fiserv Inc. is temporarily doubling the limit for eligible transactions without a PIN code on its Accel debit payments network to $100 from $50, amid the…
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UK cash use down, weekly ATM withdrawal amounts increase
by Pat Shea — Editor, NetworldMedia
Cash use in the UK is down, but LINK, UK's largest ATM cash machine network, reports ATM users have increased the amount of money they're withdrawing.
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Israeli bank pleads guilty in hiding $7.6 billion from the IRS
May 1, 2020
The largest banking system in Israel, Bank Hapoalim, pled guilty in Manhattan's federal court on April 30 for helping its U.S. clients hide approximately $7.…
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USA Technologies moves annual meeting to May 21 to update proxy materials
April 30, 2020
USA Technologies Inc. has postponed its annual shareholders meeting from today to May 21 in order to update and distribute proxy materials that incorporate the…
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You got the PPP— so now what?
by Pat Shea — Editor, NetworldMedia
You're approved for a PPP loan, but now what do you need to do once you receive funding?
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Wescom Credit Union donates $10K GrubHub gift cards to hospital staff
April 30, 2020
Huntington Memorial Hospital workers in Los Angeles received a surprise from Wescom Credit Union. The hospital staff, who is working directly with COVID-1…
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Trying for a PPP loan? Here’s expert guidance that can help
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
It’s been no secret that ATM operators, manufacturers, distributors and their small business clients have tried to navigate the process of applying for a…
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HSBC profit falls due to COVID-19, delays restructuring
April 29, 2020
London-based HSBC is pausing global restructuring plans announced in February and said pre-tax profit fell 48%, to $3.2 billion, during the first quarter due…
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Moody's downgrades outlook for African banking from stable to negative.
April 29, 2020
The impact of the coronavirus has caused the American credit rating agency, Moody's, to downgrade the banking systems in South Africa, Nigeria and Morocco from…
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Bank call centers feeling pressure of COVID-19
by David Jones — Editor, Networld Media Group
COVID-19 forced most of the nation's major banks to restrict lobby access, the reduced access along with the economic downturn have placed enormous pressure on…
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American Express says COVID-19 hits cardholder spending
April 28, 2020
American Express says the COVID-19 pandemic has impacted cardholder spending and will force it to pare down costs.
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Small businesses prepare for second chance at SBA loans
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
Businesses that lost out on the first round of funding from Small Business Administration loans for relief from the coronavirus pandemic have been given a…
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In business for more than three decades, Lock America, Inc. of Corona,CA develops, manufactures and markets high security locks for various industries, including amusement, gaming, information management, fuel distribution and self-storage.
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