Virgin Money to slash 500 jobs, consolidate or close 52 branches

February 27, 2020

Virgin Money will slash 500 jobs and also close 22 branches outright and consolidate another 30 branches into another nearby Clydesdale Bank/Yorkshire Bank or…

Self-service retailers comfortable with biometrics and privacy rights

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

Technology providers using biometric identification believe they can comply with stringent consumer protection laws despite some recent lawsuits.

Brink's acquires majority of G4S cash operations for $860M

February 26, 2020

Brink's, the world's leading cash management company, is buying a majority of the cash operations of G4S, the U.K.-based security and cash management firm, for…

Loomis acquires Finnish ATM, cash-handing firm

February 26, 2020

Loomis AB acquired Finnish cash management and ATM firm Automatia Pankkiautomattit Oy (Automatia) for 42 million euros ($45.6 million), which includes…

Ashburn International exec cites importance of ‘terminal as a service’

Žoržas Šarafanovičius, executive director of Ashburn International, cited the importance of "terminal as a service" following the recent Ingenico Paytech…

Revolut raises $500M in Series D to boost account usage

February 25, 2020

Revolut, a U.K.-based challenger bank, announced $500 million in Series D funding led by U.S. growth capital firm TCV, which values the company at $5.…

Branchserv, COCC provide dual-host ITMs for banks, credit unions

February 25, 2020

BranchServ, a division of Custom Vault Corp., has partnered with financial technology firm COCC, to launch a transformational automation solution for community…

Fiserv sees surge in bank, credit union participation in Turnkey Service for Zelle

February 24, 2020

Fiserv Inc. said that almost 600 banks and credit unions have joined P2P money transfer services through its Turnkey Service for Zelle business, with more than…

Capterra study shows most UK freelancers, small businesses would consider digital bank

February 21, 2020

Capterra released a study showing that 90% of small businesses and freelancers in the U.K. currently using a traditional bank would consider switching to a…

Morgan Stanley grows online brokerage with E-Trade deal

Morgan Stanley will buy the pioneering brokerage in a historic merger that will create one of the industry's most powerful online brokerages.

CLS coin recycler gets first certification for use with Nexus

February 21, 2020

Crane Payment Innovations, a unit of Crane Co., announced the integration of its CLS coin recycler on the Nexus Evolution product suite from Nexus Software. It…

HSBC to shed assets, jobs in global restructuring

by David Jones — Editor, Networld Media Group

The London-based bank will slash $100 billion in assets and 35,000 jobs worldwide, shift much of its focus to Asia and close a large number of U.S. branches…

ACI Worldwide enters ATM management deal with Ecuador's Banco Internacional

February 20, 2020

ACI Worldwide has announced that Banco Internacional, one of Ecuador's largest banks for commercial and credit placement, will support the management of its…

Fidelity spins off Akoya to boost consumer control over finance data

February 20, 2020

FMR LLC, the parent of Fidelity Investments, is spinning off financial data firm Akoya into a company that will be jointly owned by Fidelity, The Clearing…

Red River partners with CO-OP Financial on processing, ATMs ahead of services rollout

February 19, 2020

Red River Credit Union has partnered with CO-OP Financial Services for debit and full-service credit processing and participation in the CO-OP ATM network. 

Level launches high interest banking app

February 19, 2020

Level, a San Francisco-based neobank startup, has launched with an industry leading 2.1% APY and cashback debit card, marking the latest entry in the growing…

Privacy rights face the rise of biometric security

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

A pair of lawsuits against Compass Group USA seek damages over the way the company collects and stores biometric information from fingerprint readers on…

Pelican State Credit Union outsources ATMs to Dolphin

February 18, 2020

Baton Rouge-based Pelican State Credit Union is outsourcing the management of its ATMs to Dolphin Debit, a privately held company with principal offices in…

Cardtronics enables cash balance reloads for Amazon customers

February 18, 2020

Cardtronics, the largest ATM operator in the world, announced that Amazon customers can load cash onto their Amazon cash balances at up to 400 of its ATM sites…

LendingClub to buy Radius for $185M in historic deal

February 18, 2020

LendingClub Corp. agreed to buy Radius Bancorp, which includes its digital subsidiary Radius Bank, for $185 million in cash and stock, marking the first time a…