News & Media
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.
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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…
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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…
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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.
read nowMobile 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…
read nowState 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…
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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…
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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…
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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…
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Wells Fargo to launch zero- and limited-overdraft fee accounts
March 3, 2020
(Updated at 7:45 p.m. EST with additional background)
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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…
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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…
read nowFiserv 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.
read nowSecurity 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…
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Intuit plans personal finance ambitions with Credit Karma buy
by David Jones — Editor, Networld Media Group
Intuit announced its highly anticipated $7.1 billion acquisition of Credit Karma, a move that will create a personal finance powerhouse that can help financial…
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Capital One to shut 37 branches across US
February 28, 2020
Capital One Financial Corp. is closing 37 bank branches across the U.S. as the bank works to reconcile its traditional banking business with a customer base…
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National ATM Council names board for 2020-2023
February 28, 2020
Sarantopoulos The National ATM Council, Inc. has appointed its board of directors' officers for 2020-2023, according to a press release. Each will…
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Brink's acquires non-branch ATMs from AIB
February 28, 2020
Brink's has agreed to buy more than 500 remote ATMs from Allied Irish Bank. The agreement comes about a month after AIB and Bank of Ireland put their…
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Litecoin Foundation partnering with MeconCash on e-commerce, ATM access
February 28, 2020
Litecoin Foundation is partnering with MeconCash to integrate Litecoin into its MPay platform, a deal that will allow the the digital currency to be used for…
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Lloyds Bank cutting 780 jobs as consumers shun branches
February 27, 2020
Lloyds Banking Group is slashing 780 jobs as the U.K. financial institution faces an industry wide shift of customers moving away from in-person branch visits…
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