News
UK ATM withdrawals drop 37% in 2020
January 28, 2021
Consecutive coronavirus lockdowns in the U.K. led to a 37% drop in ATM usage in 2020, according to figures published in a report by ATM cash machine network…
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PayComplete launches as independent fintech platform
January 28, 2021
PayComplete, which originated as a software, hardware and services provider for self-serve transactions and employee assisted payment, is now an independent…
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JPMorgan launching digital retail bank in the UK
January 27, 2021
JPMorgan is planning to expand its retail presence to the U.K. for the first time, but will only offer services through its mobile app.
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Live webinar: AI-powered coaching bots: A new path to financial wellness
January 26, 2021
Financial institution GreenPath, through its partnership with eGain, has launched a Virtual Finance Coach. This AI-powered coach guides customers…
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Huntington Bank to close 97 in-store branches as part of TCF acquisition
January 26, 2021
Huntington Bancshares Inc. will be closing 198 branch offices, including 97 in-store branches located in Meijer Inc. stores in Michigan, after completing the…
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Deutsche Bank conducting internal investigation on banking product sale
January 26, 2021
Deutsche Bank AG is conducting an internal investigation following a Financial Times report describing bank employees who sold investment banking products to…
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NCR and Cardtronics announce definitive acquisition agreement
January 25, 2021
NCR Corp. a technology provider for the financial, retail and hospitality industries, and Cardtronics, a non-bank ATM operator and service provider, announced…
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Mastercard imposes fivefold increase in 'interchange fee' for UK
January 25, 2021
Mastercard is planning a substantial hike in interchange fees to merchants post-Brexit. Mastercard insists that U.K. shoppers using a credit card will not be…
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Tap and go charity donations at UK railway kiosks helps the homeless
January 25, 2021
Worldline payments and Evoke Creative kiosk developers have collaborated to design a charity donation kiosk to support Network Rail's homelessness charity…
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NAC commends OCC for requiring banks to provide fair access
January 22, 2021
The Office of the Comptroller of the Currency just adopted a federal rule aimed at ensuring the provision of fair access to banking services by large national…
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Philippines to test ATM, credit card fare payments in March
January 22, 2021
In March, the Department of Transportation in the Philippines will test the use of credit and ATM cards for payment of fares. The pilot program will test a new…
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Synchrony and Mattress Firm renew strategic partnership
January 22, 2021
Synchrony consumer financial services company and Mattress Firm mattress retailer announced the renewal of their strategic partnership. Under the multi-year…
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SBA approves 60,000 loans in first week
January 21, 2021
The U.S. Small Business Administration has already approved approximately 60,000 Paycheck Protection Program loan applications submitted by nearly 3,00…
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MA Gov. Baker Signs Credit Union Modernization Bill
January 21, 2021
Massachusetts Governor Charlie Baker signed bill S2828, An Act Modernizing Credit Union Laws, into law last week. The bill has been a priority for…
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CaixaBank's digital service ‘imagin’ reaches millions of millennials
January 21, 2021
Spain's CaixaBank's digital service and lifestyle platform, imagin, aimed at millennials, reached three million users by the end of 2020. The imaginers…
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Bank of America announces fourth-quarter results
January 20, 2021
Bank of America announced its fourth-quarter results, posting a 28% drop in net income to $5.5 billion in the quarter, or $0.59 per share, but beating the…
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JPMorgan's beats 4th-quarter earnings forecast
January 20, 2021
JPMorgan released fourth-quarter earnings, posting a 42% rise in net income of $12.14 billion versus $8.13 billion estimated by analysts. Revenue was posted at…
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Talking ATMs delivers Rebuild of Evangelion characters
January 20, 2021
Japan's convenience store chain, Lawson, is offering customers more than just the ability to withdraw cash from its in-store ATM machines. The chain has…
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Capital One fined $390M
January 19, 2021
The Financial Crimes Enforcement Network has enforced a $390 million civil penalty fine on Capital One for engaging in violations of the Bank Secrecy Act. The…
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Change in ATM rules for PNB customers
January 19, 2021
In February, customers of Punjab National Bank in New Delhi, India will have to adhere to new ATM rules that will restrict transactions both financial and…
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