News
Banc of California to acquire Global Payroll Gateway
October 5, 2022
Banc of California Inc., the parent company of Banc of California N.A., has acquired Global Payroll Gateway Inc. and its subsidiary Deepstack Technologies LLC…
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University Credit Union partners with UC San Diego on student financial services
October 5, 2022
University Credit Union has partnered with UC San Diego to provide students, alumni and retirees access to financial services. The credit union will offer…
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Bitcoin ATM growth experiences 1st dip
October 5, 2022
Bitcoin ATMs experienced the first dip in the history of the device with the number falling to 37,980 in September, compared to 38,776 in August — a drop of…
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Hyosung rolls out 3 cash automation solutions
October 5, 2022
Hyosung America has launched three banking solutions that deliver cash automation, including its Series 5 ATMs, Series 7 ATMs and MS500EL Teller Cash Recycler…
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Multi-factor authentication market to reach $34B by 2027
October 4, 2022
The multi-factor authentication will reach $34.497 billion by 2027, rising from $11.543 billion in 2020, according to Research and Markets data. It will grow…
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Bank of America intros QR sign-in for payments platform
October 4, 2022
Bank of America has introduced QR sign-in for its CashPro payments app. With the service, the bank's 500,000 CashPro users can access payments, cash management…
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Credit Suisse hits record low stock prices following scandals
October 4, 2022
Credit Suisse took a major hit to its stock price Monday as it hit a record low of $3.64. The drop was due to market concerns over the bank, particularly after…
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Nedbank joins metaverse
October 3, 2022
Nedbank Group, a large financial services company in Africa, has partnered with Africarare, an African metaverse provider, to purchase a 12x12 village in…
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Women's Network in Electronic Transactions to rebrand as PayTech Women
October 3, 2022
Women's Network in Electronic Transactions, a nonprofit supporting women in the payments and fintech industry, will rebrand as PayTech Women. It will continue…
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KeyBank updates consumer lending
September 30, 2022
KeyBank has partnered with Oracle to update its non-real estate consumer lending process. The bank will use Oracle Banking Originations to service loan…
read nowMaryland Terrapins selects SECU as official banking partner
September 30, 2022
The Maryland Terrapins, a NCAA football team, has named SECU, a Maryland-chartered credit union, as its official banking partner. Through the partnership, SECU…
read nowFifth Third Bank intros service for mortgage bankers
September 29, 2022
Fifth Third Bank has launched Mortgage Warehouse Finance to support independent mortgage bankers. The service will originate or aggregate residential mortgage…
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Bank of America study reveals financial wellness tools reduce employee attrition
September 29, 2022
A majority of employers, 84%, report financial wellness tools can reduce attrition and 81% said the tools attract better employees, according to Bank of…
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Citizens to support wind power to match power consumption
September 28, 2022
Citizens Financial Group Inc. has entered a power purchase agreement with Orsted, a renewable energy product provider, to construct the Sunflower Wind Project…
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KeyBank intros services to help clients avoid overdraft fees
September 28, 2022
KeyBank has introduced its Key Coverage Zone, which will eliminate overdraft fees for customers that overdraw their accounts by $20 or less. In addition, the…
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Big banks hit with $1.8B fine for private messaging
September 28, 2022
The Securities and Exchange Commission has levied a dozen financial institutions with a $1.8 billion fine for allowing employees to use messaging apps to…
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Balance Money intros digital banking
September 27, 2022
Balance Money, a fintech company, has launched a digital banking service, called Balance Money, to help users with budgeting.
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Webinar to analyze 2022 ATM, self-service software trends
September 27, 2022
ATM Marketplace and KAL ATM Software have partnered for the 15th consecutive year to create the 2022 ATM and self-service software trends and analysis report.
read nowHyosung America appoints CEO
September 27, 2022
Hyosung America Inc., a cash management solutions company, has appointed Sang Hwan Kweon to serve as CEO. He will succeed Hee-Eun Ahn effective Oct. 1, who…
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Banks boost prime lending rates to highest rate since 2008 crisis
September 27, 2022
Banks have boosted their prime lending rates to the highest level since just prior to the financial crisis of 2008, following the Federal Reserve's decision to…
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