News
BOA's PPP applicants receive approvals worth $25B
May 4, 2020
The Small Business Administration approved loans for Bank of America's small business applicants worth approximately $25 billion under the second wave of…
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London-based fintech Revolut launches bank in Lithuania
May 4, 2020
London-based fintech, Revolut, having received its European banking license in late 2018 from European Central Bank and Bank of Lithuania, is expanding its…
read nowFiserv raises PINless transaction limits at Accel to $100
May 4, 2020
Fiserv Inc. is temporarily doubling the limit for eligible transactions without a PIN code on its Accel debit payments network to $100 from $50, amid the…
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Israeli bank pleads guilty in hiding $7.6 billion from the IRS
May 1, 2020
The largest banking system in Israel, Bank Hapoalim, pled guilty in Manhattan's federal court on April 30 for helping its U.S. clients hide approximately $7.…
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USA Technologies moves annual meeting to May 21 to update proxy materials
April 30, 2020
USA Technologies Inc. has postponed its annual shareholders meeting from today to May 21 in order to update and distribute proxy materials that incorporate the…
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Wescom Credit Union donates $10K GrubHub gift cards to hospital staff
April 30, 2020
Huntington Memorial Hospital workers in Los Angeles received a surprise from Wescom Credit Union. The hospital staff, who is working directly with COVID-1…
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HSBC profit falls due to COVID-19, delays restructuring
April 29, 2020
London-based HSBC is pausing global restructuring plans announced in February and said pre-tax profit fell 48%, to $3.2 billion, during the first quarter due…
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Moody's downgrades outlook for African banking from stable to negative.
April 29, 2020
The impact of the coronavirus has caused the American credit rating agency, Moody's, to downgrade the banking systems in South Africa, Nigeria and Morocco from…
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American Express says COVID-19 hits cardholder spending
April 28, 2020
American Express says the COVID-19 pandemic has impacted cardholder spending and will force it to pare down costs.
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During lockdown, India banks keeping more money on hand
April 28, 2020
To ensure that banks and ATMs have enough cash to meet customers' needs while the coronavirus lockdown worldwide continues, banks in India are keeping up to…
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Second fed loan program for small businesses hits snags
April 28, 2020
Computer glitches and slowdowns at the Small Business Administration frustrated small businesses again as lenders trying to submit loan applications through…
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Thieves use a moving van to steal ATM
April 27, 2020
In the early morning hours of Saturday, three men in a moving van attempted to not just rob, but physically remove ATM machines from the drive-thru areas of…
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House approves additional $484B in COVID-19 funds for small businesses, testing, hospitals
April 24, 2020
The U.S. House of Representatives on Thursday approved $484 billion in aid to small businesses, testing and hospitals struggling from the coronavirus pandemic…
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Lending solution can drive business to consumer-facing industries
April 23, 2020
Artis Technologies has launched a cloud-based lending solution, Artis Connect, that links lenders, merchants, and consumers at the point-of-need. The solution…
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European fintech helps customers free up cash flow during lockdown
April 22, 2020
Curve, a banking platform that consolidates multiple cards and accounts into one smart card and app, has added a new feature that now allows customers to move…
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Alaska passes ATM surcharge law on cross-border transactions
April 22, 2020
Alaska's Governor Mike Dunleavy signed state legislation authorizing ATM surcharges on international credit/debit card transactions at retail ATMs throughout…
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