Digital banking surge predicted by 2024

by David Jones — Editor, Networld Media Group

Digital banking is poised to take off as incumbent banks move much of their business to mobile channels to compete against a new generation of digital-only…

Cash handling, security market expected to rise by $20B by 2024

March 12, 2020

Fiserv postpones investor conference, boosts guidance on First Data synergies

March 11, 2020

Fiserv Inc. will postpone its March 25th investor conference in New York until later this year amid heightened concerns about the coronavirus outbreak. The…

Smartmetric resumes smart card production after coronavirus hits supply chain

March 10, 2020

Smartmetric said that it has commenced manufacturing its biometric smart card after supply chain delays due to the coronavirus outbreak.

NorthOne raises $21M to expand banking startup for small biz

March 10, 2020

NorthOne, a challenger bank targeting small businesses, freelancers and startup companies, has raised $21 million in Series A funding led by Battery Ventures. 

Credit Sesame launches digital banking service

March 10, 2020

Credit Sesame, a company that helps consumers manage their credit, is launching a digital banking service called Sesame Cash, offering consumers bank accounts…

CO-OP Financial postpones conference until August

March 9, 2020

CO-OP Financial Services said it was postponing its THINK 20 conference to Aug.17-20, citing health and safety concerns amid the growing coronavirus outbreak. 

Robinhood suffers new outage amid market rout

March 9, 2020

Robinhood suffered its second major outage in a week, as the mobile stock trading app stopped working Monday amid a historic market selloff where the S&P…

Citi offers fee waivers, hardship assistance amid coronavirus impact

March 9, 2020

Citi announced several measures, including fee waivers, hardship programs and extended banking help, to help retail customers and small businesses with help to…

Banks turn to outsource more sophisticated, remote ATM deployments

by David Jones — Editor, Networld Media Group

Banks are increasingly outsourcing more sophisticated and remote ATM maintenance to outside firms.

Mobile banking app Empower raises $20M in Series A funding

March 6, 2020

Empower, a San Francisco-based mobile banking fintech, has raised $20 million in Series A funding, which came from a group that included Icon Ventures, Defy…

State Farm exiting banking sector, partnering with US Bank

March 5, 2020

State Farm is exiting the banking business and will enter a strategic alliance with  U.S. Bank, which will take over the insurance company’s existing deposit…

Why Bitcoin ATMs represent the future of cryptocurrency

The rising interest in cryptocurrency has led to a fast growing self-service market for Bitcoin ATMs, which allows individual consumers to access the currency…

Branch offers surcharge-free ATM access through Cardtronics

March 5, 2020

Branch, a fintech that provides workers with advanced access to their paychecks, has teamed up with Cardtronics to provide surcharge-free ATM access through…

National ATM Council urges support for Payment Choice Act

March 4, 2020

The National ATM Council, Inc. has encouraged its members to support The Payment Choice Act (HR 2650) to ensure that U.S. consumers continue to have the…

Wells Fargo to launch zero- and limited-overdraft fee accounts

March 3, 2020

(Updated at 7:45 p.m. EST with additional background)

Robinhood to offer case-by-case compenstion after trading app outages

March 3, 2020

Robinhood has recovered from a prolonged series of outages this week during one of the most volatile trading periods in U.S. history. The trading app was down…

Time to evolve, not withdraw the ATM

by Ben Hickinbotham — Vice president, MoneyPass, Fiserv

Amid rapid changes in the cash economy and the rise in digital payments, the ATM is likewise facing challenges that have led to an evolution that will meet the…

Fiserv acquires MerchantPro Express

March 3, 2020

Fiserv Inc. announced the acquisition of MerchantPro Express, a deal that will expand the company's merchant services business. 

Security Vault Works names industry veteran Pellegrino as president

March 2, 2020

Security Vault Works Inc., a provider of self-service kiosks and ATMs for the banking industry, has named veteran industry executive Nick Pellegrino as its…