CFG Bank gains $125M investment

January 4, 2024

Capital Funding Bancorp Inc., the holding company for CFG Bank based in Baltimore, gained a $125 million investment form J.C. Flowers & Co. LLC, a private…

Banks saw nearly 62K job cuts in 2023

January 3, 2024

Big banks cut 61,905 jobs in 2023, the biggest amount since the global financial crisis of 2007 to 2008 which saw more than 140,000 jobs lost. Many banks cut…

Fifth Third Bank earns high score on Human Rights Campaign CEI

January 3, 2024

Fifth Third Bancorp earned a 100 score on the Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index, which analyzes practices in regards to…

Valley National Bank appoints COO

January 3, 2024

Valley National Bank, a subsidiary of Valley National Bancorp., has promoted Russell Barrett to EVP and COO. He previously served as chief transformation…

Retail banking in 2024: What to expect

by Mark Aldred — Head of Sales, Auriga

2024 will be another major year of change and challenge for retail banks.

Bank of Baroda intros savings account for students

January 2, 2024

Bank of Baroda, based in India, released the bob BRO Savings Account for students from 16- to 25-years old. The account has no minimum balance requirement and…

Bitcoin ATMs down by 11% year-over-year

January 2, 2024

Bitcoin ATMs have declined by 11.1% year-over-year. On Jan. 1st, 2024, the total number of bitcoin ATMs stood at 33,638, down from 37,827 on Jan. 1 2023…

Bitcoin ATM operator Margo gains $16M in funds

January 2, 2024

Chicago Atlantic delivered a $16 million secured term loan to Margo, a cryptocurrency ATM operator. With this investment, Margo will expand its bitcoin ATM…

Philadelphia transit to stop accepting payment tokens in January

December 29, 2023

Philadelphia buses and trolleys will no longer accept payment tokens on Jan. 1, when users will be required to pay with "travel wallets," according to a…

Police on lookout for ATM skimmers in Tennessee

December 29, 2023

Police are on the lookout for suspects who allegedly installed a skimming device on an ATM at a Navy Federal Credit Union branch in Clarksville, Tennessee. A…

Unionpay partners with Trip.com to offer payments options for travelers

December 29, 2023

Unionpay International partnered with Trip.com, an online travel agency, to provide improved payment options for Unionpay cardholders. Unionpay online payment…

Chase to offer 5% cash back at grocery stores through Freedom card

December 28, 2023

Chase Freedom announced its Freedom and Freedom Flex cardholders will now gain 5% cash back at select grocery stores, gyms and spas as part of its category…

5 men in Utah arrested for allegedly stealing from ATM

December 28, 2023

Police have arrested five men in southern Utah for allegedly stealing from a Wells Fargo ATM during a repair. When a serviceman was working on the ATM, two…

HawaiiUSA Federal Credit Union renews partnership with Cuso Financial Services

December 27, 2023

HawaiiUSA Federal Credit Union has renewed its partnership with Cuso Financial Services, a subsidiary of Atria Wealth Solutions Inc., to continue to provide…

Unionpay International selects BankservAfrica for South African card payments

December 27, 2023

Unionpay International selected BankservAfrica, a payments clearing house in Africa, as its domestic processor for card payments in South Africa.

Crypto firm Byte Federal expands into Australia

December 22, 2023

Byte Federal Inc., a cryptocurrency services company, has launched Byte Federal Australia to provide bitcoin ATMs, cryptocurrency point-of-sale solution…

Man convicted for robbing 4 banks

December 22, 2023

A man has been convicted of robbing four banks in Colorado during a four-month period. He was arrested on Dec. 1, 2022 after he robbed a bank and fired on a…

ATM, self-service tech wows at Self-Service Innovation Summit

The recent Self-Service Innovation Summit provided examples of payment systems, interactive touchscreens, voice interaction modules, AI-enabled identity…

Contactless payments market to surpass $162B by 2030

December 21, 2023

The contactless payment market will grow from $38.55 billion in 2022 to $162.56 billion by 2030 at a compound annual growth rate of 19.71%, according to…

Hyperion Bank intros CD promotion with 5.65% APY

December 21, 2023

Hyperion Bank introduced a limited-time certificate of deposit promotion with a 5.65% annual percent yield for 15 months. It is available for new funds…