SBA runs out of COVID-19 relief money; lawmakers fight over refunding

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

Two Small Business Administration programs designed to help businesses weather the pandemic — the Paycheck Protection Program and the Economic Injury Disaster…

DCI banking software developer acquires Vetter

April 15, 2020

Data Center Inc., a bank management software developer for community financial institutions, acquired Vetter technology suite, a product offering of AFT…

CSI waives fees for payment platform

April 15, 2020

Computer Services Inc. is enabling community banks to provide contactless, person-to-mobile payments to their customers through its SPIN P2P app during the…

Bank of America reports 45% decline in first quarter

April 15, 2020

The coronavirus pandemic triggered a 45% decline in Bank of America's first-quarter results, causing the bank to set aside $3.6 billion for loan loss reserves…

How ATMS can offer more than cash

by Richard Buckle — Founder and CEO, Pyalla Technologies, LLC

Blogger and columnist Richard Buckle, founder and CEO of Pyalla Technologies, LLC explores the future of ATMs.

Terminal fraud attacks increasing in Europe

April 14, 2020

Terminal fraud attacks were up 35% in 2019, according to the European Association for Secure Transactions. It released the European Payment Terminal Crime…

JPMorgan Chase warns of downturn as Q1 EPS fall short

April 14, 2020

JPMorgan Chase & Co. reported first quarter earnings well below Wall Street estimates as the bank was forced to set aside billions in credit reserves amid…

FIS warns of lower Q1 revenue, EPS due to COVID-19

April 14, 2020

PayPal and Intuit given go ahead to participate in PPP

April 14, 2020

As banks across the country continue to work with the U.S. government to distribute the $350 billion set aside to help small businesses, Financial Innovation…

India deploys mobile ATM

April 14, 2020

With India locking down the country due to the coronavirus, HDFC Bank began utilizing a mobile automated teller machines to help customers with their banking…

Inventive "rice ATM" feeds those in need in Vietnam

April 13, 2020

  With his country in lockdown and wanting to help, Vietnamese tech businessman, Hoang Tuan Anh, donated a batch of smart doorbells to hospitals in Ho Chi Minh…

Hey Washington, get your 'Act' together

by Pat Shea — Editor, NetworldMedia

I'm in New York, which I suppose might explain why, when anyone I talk to in the ATM industry asks me where I'm from, there's this brief pause and a few…

Fed's Main Street Lending program could provide $600 billion for business loans

April 10, 2020

As the coronavirus pandemic continues, the Federal Reserve released its plans to provide an additional $2.3 trillion in loans to help to support households and…

Paramount Management Group completes ATM acquisition

April 10, 2020

Paramount Management Group, an ATM operator, recently completed an acquisition of another ATM company, according to a press release. The acquisition was…

BOA offering refunds on fees, loan deferrals

April 10, 2020

Bank of America is providing additional support and assistance to its consumer and business clients impacted by the coronavirus, according to a company press…

Diebold Nixdorf names Manish Choudhary senior vice president

April 10, 2020

Diebold Nixdorf has named Manish Choudhary as senior vice president, software, according to a press release. In this role, Choudhary leads the organization's…

Feds modify growth restriction on Wells Fargo to support small business

April 8, 2020

The Federal Reserve Board will temporarily narrowly modify the growth restriction placed on Wells Fargo in February 2020 to allow the firm to provide…

Crypto prepaid card lets users withdraw $2500 daily

April 8, 2020

Embily, a crypto company, has released a prepaid card that gives customers the ability to use the card anywhere that Mastercard is accepted.

The CARES Act: Can it help your business?

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

The Coronavirus Aid, Relief and Economic Security Act signed into law at the end of March provides new loan programs that vary depending on a company's size…

Citi expands COVID-19-related waivers, deferrals

April 7, 2020

Citi is launching a program to expand its COVID-19 assistance to retail customers and small businesses, beyond initial fee waivers announced in early March.