Japan to issue new bank notes beginning in 2024

April 23, 2019

The Finance Ministry of Japan has announced that, starting in 2024, it will issue new bank notes for the first time since 2004, according to a report by Coin…

AIB, First Data to acquire Irish payment provider Payzone for $112M

April 23, 2019

Carlyle Cardinal Ireland, a private equity fund established by The Carlyle Group, has announced that Payzone, one of Ireland's largest providers of payment…

US Bank to expand retail banking to Charlotte, North Carolina

April 23, 2019

Minneapolis-based U.S. Bank is preparing to tread on Bank of America's turf with the opening this fall with a branch in Charlotte, North Carolina, its first in…

EMVCo, Fido Alliance, W3C form Web Payment Security Interest Group

April 19, 2019

The Fido Alliance, EMVCo, and the World Wide Web Consortium have created a new interest group for organizations seeking to collaborate on a vision for web…

US Payments Forum says 'It's not about going cashless'

April 19, 2019

The U.S. Payments Forum has released its quarterly Market Snapshot, a look at the state of EMV, fraud, the future of payments and forum priorities and projects.

Digital-only banks best traditional FIs in customer satisfaction, study finds

April 19, 2019

New research from FIS Inc., a provider of financial services technology, shows that digital-only banks have overtaken traditional financial institutions in…

Consumers willing to make payments via voice assistant, but wary about security

April 19, 2019

New research from Transaction Network Services Inc. indicates that adoption of smart payments technology has grown substantially, but that consumers have…

Payfone raises $24M, enters digital ID partnership with TransUnion

April 18, 2019

Payfone Inc., a platform for the authentication of digital identity, has raised $24 million in funding from TransUnion and as part of a strategic partnership…

NYC public advocate calls for boycott of cashless businesses at Hudson Yards

April 18, 2019

New York's Public Advocate Jumaane Williams is calling on consumers to boycott cashless retail stores and restaurants at the city's newly opened Hudson Yards…

NBT Bank, Fiserv team to deliver digital services tailored to customer needs

April 18, 2019

Fiserv Inc., a provider of financial services technology solutions, has announced the implementation of its Fiserv Architect digital banking service for New…

Diebold Nixdorf ends quarterly executive bonuses

April 18, 2019

Diebold Nixdorf Inc. filed a Form 8-K current report with the Securities and Exchange Commission on Monday, April 15, disclosing that the compensation…

T-Mobile Money intros smartphone banking app with Allpoint ATM access

April 18, 2019

T-Mobile has officially made its long-anticipated return to banking, with the launch of T-Mobile Money, which offers a no-fee, interest bearing…

Bank Customer Experience Awards competition now open

The annual awards honor financial institutions and fintech providers whose unique strategies and technologies are heightening the consumer experience.

Amazon Go: A case study in cashless retail pushback

by David Jones — Editor, Networld Media Group

The decision by Amazon to change course with its cashless Amazon Go stores offers a cautionary tale for retailers about the likely fallout when they try to…

Canadian challenger bank Mogo to merge with fintech investment firm

April 16, 2019

Mogo Finance Technology Inc., a Canadian challenger bank, has entered an agreement to merge with Difference Capital Financial Inc., a specialty investment firm…

Diebold Nixdorf names chief people officer

April 16, 2019

Diebold Nixdorf announced that Elizabeth Patrick has joined the company as senior vice president and chief people officer, reporting to Gerrard Schmid, Diebold…

NCR to provide digital banking platform for Provident Bank

April 16, 2019

New Jersey-based Provident Bank has selected NCR Digital Banking to support the institution's digital strategy for customer growth and retention, according to…

Windows 10 ATM migration: The breaking point for banks?

by atm Atom — blogger, atmatom

Faced with another Windows OS migration, financial institutions are seeking relief from what seems like perpetual ATM upgrade expense and pathetically short…

Cash management specialist Kyriba closes on $160M investment

April 12, 2019

Kyriba Corp., provider of a cash management platform for enterprises, has closed on a $160 million investment led by Bridgepoint, giving the private equity…

Smartphone now the go-to digital banking choice of US adults

April 12, 2019

A newly released study from Aite Group shows that adult consumers in the United States under the age of 50 are far more likely to pick up their smartphone to…