ATM industry urges Congress to take action on Safe Access to Cash bill

by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator

Following high profile deadly shootings at ATMs, the industry is calling on Congress to act to protect access to cash.

UK shuts down 26 unregistered crypto ATMs

July 11, 2023

The Financial Conduct Authority of the U.K. has shut down 26 cryptocurrency ATMs in the country for not registering with the FCA.

Seattle's county seat passes cashless ban

July 11, 2023

The King County Council in Washington has voted to require businesses in unincorporated parts of the county to accept cash of up to $200. In the state, 2% of…

SVB parent sues FDIC to recover $1.9B in seized assets

July 11, 2023

SVB Financial Group, the parent company of the failed Silicon Valley Bank, has sued the Federal Deposit Insurance Corp. for $1.9 billion that the agency seized…

Slide Insurance raises $35M to build credit facility with Regions Bank

July 11, 2023

Slide Insurance, an insurtech company, has raised $35 million to build a senior credit facility with Regions Bank in Tampa, Florida, according to a press…

Michigan thieves fail to gain cash from ATM

July 10, 2023

Authorities in Grand Rapids, Michigan are investigating an attempted ATM robbery. Suspects hooked a chain to an ATM with a truck and pulled it out of a…

Michigan police on lookout for ATM card skimmer suspect

July 10, 2023

Police in Dearborn, Michigan are asking the community for help to identify a suspect who allegedly has installed skimming devices on ATMs to steal personal and…

Financial education delivers solid foundations

Avoiding financial traps is critical to increasing financial resilience and helping consumers to achieve their financial goals.

Cash logistics market to grow by $20B with ATMs leading the way

July 7, 2023

The cash logistics market will grow by $20.26 billion from 2022 to 2027 at a compound annual growth rate of 10.16%, according to research from…

Bank of Baroda appoints CEO

July 7, 2023

Bank of Baroda, an Indian bank, has appointed Shri Debadatta Chand as CEO and managing director. He previously served as executive director at the Bank of…

Bok Financial sues insurer for alleged ATM losses

July 7, 2023

Bok Financial, based in Tulsa, Oklahoma, has sued its insurer for $7.3 million in damages from cash it lost from ATM theft since September 2021. Its insurer…

Explosion destroys ATM at Arizona Wells Fargo branch

July 7, 2023

Police are investigating an "apparent explosion" that destroyed an ATM in Oro Valley, Arizona, according to a report by 13 News.

Huntington National Bank earns top spot in mobile banking app survey

July 6, 2023

The Huntington National Bank has earned the top spot for the fifth consecutive year in the J.D. Power 2023 U.S. Banking Mobile App Satisfaction Survey…

Citizens partners with The Andy Warhol Museum to support arts

July 6, 2023

Citizens has partnered with the Andy Warhol Museum to support Pittsburgh's arts and culture scene. The bank has donated $350,000 to help grow The Warhol…

Bank of England considers plan to force foreign banks to set up subsidiaries

July 5, 2023

The central Bank of England is considering a plan that would require international banks to set up subsidiaries instead of branches in the U.K. With this…

Bitcoin Depot completes business combination, begins public trading

July 5, 2023

Lux Vending LLC, operating under the name Bitcoin Depot, and GSR II Meteora Acquisition Corp. have closed on a business combination and will be renamed Bitcoin…

Police find skimmer in PNC ATM in Plainfield, Illinois

July 5, 2023

Police in Plainfield, Illinois recently removed a skimming device found at an ATM at a PNC Bank branch. A third party maintenance contractor notified…

Frost Bank to double branches in Austin

July 5, 2023

Frost Bank, a subsidiary of Cullen/Frost Bankers Inc., will double its number of financial centers in Austin by 2026. The bank currently has 17 branches and…

Bank Customer Experience Summit panel offers insight on hospitality strategies

by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator

How do banks develop hospitality? A panel at the Bank Customer Experience held in Charlotte, North Carolina from Sept. 12 to 13 will look at this topic in…

Chase expands grant program to Hispanic, Black communities

July 3, 2023

JPMorgan Chase Home Lending has expanded its $5,000 Homebuyer Grant Program for additional Hispanic and Black Communities in 16 markets. This grant is designed…