News
Western banks brace for $10B loss due to pullout from Russia
May 10, 2022
As banks across the Western world prepare to leave Russia due to the ongoing conflict in Ukraine, they are also bracing for large losses. In fact, these banks…
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Western Union partners with UK post office for cross-border money transfers
May 9, 2022
Western Union is expanding its partnership with the UK Post Office to offer retail cross-border money transfers. Customers can send money to family and friends…
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Truist inks acquisition of gamified finance mobile app Long Game
May 9, 2022
Truist Financial Corp. has officially acquired Long Game, a gamified finance mobile app. This app uses games to improve financial literacy and drive account…
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Encompass appoints CRO
May 6, 2022
Encompass Corp., a know-your-customer solutions provider, has appointed Steve Hadaway to serve as chief revenue officer. Prior to joining Encompass, Hadaway…
read nowGerman bank launches bitcoin cold wallet solution
May 6, 2022
Raiffeisen Volksbank Bayern Mitte, a German bank, recently partnered with the Austria State Printing House to deliver a bitcoin cold wallet. All of its…
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KeyBank to eliminate non-sufficient fund fees, reduce overdraft fees
May 5, 2022
KeyBank has announced it will eliminate non-sufficient fund fees and reduce overdraft fees. In particular, the bank won't charge overdraft fees for negative…
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Amrotec acquires patent for money counting, disinfection
May 5, 2022
Amrotec, a trademark of Amro-Asian Trade Inc., has acquired US Patent 11,321,988 for counting, denominating, sorting and then disinfecting currency with UV-C…
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Illinois police on lookout for ATM, gaming machine theft
May 4, 2022
Springfield, Illinois, police are on the lookout for an individual who allegedly stole money from an ATM and gaming machines at Strike and Spare West…
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KeyBank intros small business financial health tool
May 4, 2022
KeyBank recently introduced its Small Business Check-in tool, which allows businesses to see where they stand financially as well as examine goals and find new…
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BitNile to launch bitcoin lending platform
May 3, 2022
Holding company BitNile has announced it will offer up to $100 million in commercial loans through bitcoin. It will work through its subsidiary Digital Power…
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Switzerland to consider changing banking secrecy laws due to UN pressure
May 3, 2022
The Swiss government is currently considering whether to change banking secrecy laws due to pressure from UN officials, who argue that these laws allow account…
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Mexican Senate deploys ChainBytes' Bitcoin ATM
May 2, 2022
ChainBytes, a Bitcoin ATM manufacturer, recently deployed a Bitcoin ATM on the floor of the Mexican Senate in Mexico City. Senator Indira Kempis worked with…
read nowFirst Coast Federal Credit Union to merge with Vystar
May 2, 2022
First Coast Credit Union, based in Jacksonville, Florida, has announced an agreement to merge with Vystar Credit Union. Its almost 1,700 members will join…
read nowDollar Bank expands in Virginia
April 29, 2022
Dollar Bank, a financial institution with more than 90 locations in Pennsylvania, Ohio and Virginia, has opened a location in Chesapeake, Virginia. At this…
read nowFirst Independence Bank opens Black-owned branch in Minneapolis
April 29, 2022
First Independence Bank, a Black-owned bank, has opened its first location in Minneapolis, Minnesota. This is the only Black-owned bank in Minneapolis…
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German electronics retailer installs Bitcoin ATMs to 12 locations
April 28, 2022
MediaMarkt, a German electronics retailer, has installed Bitcoin ATMs to 12 of its locations in Austria. The company worked through Confinity and its…
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DNA match leads to arrest in 2020 ATM theft case
April 28, 2022
Police in Wichita Falls, Texas, recently arrested Jack McNeal for allegedly stealing and attempting to steal from ATMs in the Houston area. Law enforcement…
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NCR swings to earnings dip on Q1 2022 revenue gain, modifies guidance
April 27, 2022
NCR Corp. boosted revenues in double digits for Q1 2022 while earnings fell, resulting in modified guidance for 2022, according to an earnings report. First…
read nowM&T Bank inks acquisition of People's United Financial
April 27, 2022
M&T Bank Corp. has officially acquired Peoples United Financial Inc. With this acquisition, the company will offer more than 1,000 branches and 2,200 ATMs…
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Blip Lab partners with TipHaus challenger bank to help restaurants
April 27, 2022
Blip Lab, a fintech, has partnered with TipHaus, a challenger bank, to deliver financial management tools for restaurant owners, managers and workers. TipHaus…
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