News
3 Indian banks testing contactless ATMs
June 5, 2020
In the wake of the coronavirus, Mumbai-based AGS Transact Technologies, a provider of cash management services in India, is testing its contactless ATMs at…
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Mobile banking startup Lili raises $10M in seed funding
June 4, 2020
Lili, a New York-based mobile banking startup aimed at freelancers and independent contract workers, has raised $10 million in seed funding led by Group 11.
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Senate approves bill to ease restrictions on emergency small business loans
June 4, 2020
The U.S. Senate passed a bill Wednesday to ease restrictions on emergency small business loans to prevent mass layoffs during the coronavirus pandemic, sending…
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Western Union C2C remittances begin to recover, digital surges
June 2, 2020
Western Union reports that consumer-to-consumer money transfers in May have begun to recover from steep declines related to the COVID-19 pandemic in April, and…
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White label ATM services to expand in Bangladesh
June 1, 2020
The Bangladesh Bank has issued guidelines for white label ATMs and white label merchant acquiring services to help spread banking services across the country…
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Contactless self-service lockers now available for financial institutions
June 1, 2020
In light of the COVID-19 pandemic, FTSI, an independent provider of branch and digital transformation solutions for financial institutions, has introduced a…
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Hyper Networks introduces temperature checking kiosk with facial recognition
June 1, 2020
Hyper Networks, a Las Vegas technology provider, has introduced a kiosk with a thermal sensor and facial recognition capability to identify people and check…
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BOA CEO: 'US economy starting to recover'
May 29, 2020
Bank of America CEO Brian Moynihan told CNBC’s Squawk Box co-host Becky Quick Thursday that the economy is beginning to recover from the coronavirus pandemic.
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Investor Nils Smith to acquire Cryptera
May 28, 2020
Investor Nils Smith and the management team of Denmark-based Cryptera, have entered into an agreement with Diebold Nixdorf to acquire Cryptera, according to a…
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ATMs decline in China, increase globally
May 28, 2020
The number of ATMs worldwide slightly declined in 2019, primarily in China, which was due to increasing competition from cashless payments, according to RBR…
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UK Parliament concerned ATM-use plunge endangers cash access
May 26, 2020
Members of Parliament in the UK's House of Commons are concerned that the country's cash infrastructure could collapse due to people avoiding ATMs during the…
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India One ATM dispenses double cash to patrons
May 22, 2020
Residents of Vaishali, a district in Bihar, India, had what may have been a dream come true for many people this week when they discovered an India One ATM in…
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ATM ruling returns $526M to UK retailers
May 22, 2020
The U.K.'s Supreme Court unanimously ruled this week that external ATMs will not be subject to a separate business tax following the dismissal of a Valuation…
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Venezuela demands BOE to return gold
May 21, 2020
Banco Central de Venezuela has filed a legal claim in the UK's High Court against the Bank of England demanding the immediate release of $1 billion in gold…
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CPI Card Group, Oxygen collaborate on debit card payment options for freelancers
May 21, 2020
San Francisco-based digital payments platform provider, Oxygen has chosen CPI Card Group, a Colorado-based payment provider of credit, debit and prepaid…
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CO-OP Financial announces retirement of Jim Hanisch
May 20, 2020
Jim Hanisch, president of CO-OP Network, is retiring following a career in the payments and financial technology industry. Hanisch was named Presider of CO-OP…
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North Carolina town schedules public hearing on free-standing ATM
May 20, 2020
The town of Bailey, North Carolina may be getting a free- standing ATM, but it all comes down to what the people want. The town will hold a public hearing…
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TNS launches cloud version of its payment solution
May 20, 2020
Transaction Network Services recently launched a new secure cloud service, TNSConnect Cloud, that gives merchant acquirers, processors and payment terminal…
read nowMastercard extends EMV deadline, launches fraud mitigation plan
May 19, 2020
Mastercard is launching a consumer protection plan to reduce fraud at the gasoline pump as it postpones the EMV Automated Fuel Dispenser liability deadline for…
read nowOpen banking use to double by 2021, claims study
May 19, 2020
The number of open banking users is expected to more than double in size, to 40 million, by 2021 from 18 million last year, according to a Juniper Research…
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