News
Virgin Money to slash 500 jobs, consolidate or close 52 branches
February 27, 2020
Virgin Money will slash 500 jobs and also close 22 branches outright and consolidate another 30 branches into another nearby Clydesdale Bank/Yorkshire Bank or…
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Brink's acquires majority of G4S cash operations for $860M
February 26, 2020
Brink's, the world's leading cash management company, is buying a majority of the cash operations of G4S, the U.K.-based security and cash management firm, for…
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Loomis acquires Finnish ATM, cash-handing firm
February 26, 2020
Loomis AB acquired Finnish cash management and ATM firm Automatia Pankkiautomattit Oy (Automatia) for 42 million euros ($45.6 million), which includes…
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Revolut raises $500M in Series D to boost account usage
February 25, 2020
Revolut, a U.K.-based challenger bank, announced $500 million in Series D funding led by U.S. growth capital firm TCV, which values the company at $5.…
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Branchserv, COCC provide dual-host ITMs for banks, credit unions
February 25, 2020
BranchServ, a division of Custom Vault Corp., has partnered with financial technology firm COCC, to launch a transformational automation solution for community…
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Fiserv sees surge in bank, credit union participation in Turnkey Service for Zelle
February 24, 2020
Fiserv Inc. said that almost 600 banks and credit unions have joined P2P money transfer services through its Turnkey Service for Zelle business, with more than…
read nowCapterra study shows most UK freelancers, small businesses would consider digital bank
February 21, 2020
Capterra released a study showing that 90% of small businesses and freelancers in the U.K. currently using a traditional bank would consider switching to a…
read nowCLS coin recycler gets first certification for use with Nexus
February 21, 2020
Crane Payment Innovations, a unit of Crane Co., announced the integration of its CLS coin recycler on the Nexus Evolution product suite from Nexus Software. It…
read nowACI Worldwide enters ATM management deal with Ecuador's Banco Internacional
February 20, 2020
ACI Worldwide has announced that Banco Internacional, one of Ecuador's largest banks for commercial and credit placement, will support the management of its…
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Fidelity spins off Akoya to boost consumer control over finance data
February 20, 2020
FMR LLC, the parent of Fidelity Investments, is spinning off financial data firm Akoya into a company that will be jointly owned by Fidelity, The Clearing…
read nowRed River partners with CO-OP Financial on processing, ATMs ahead of services rollout
February 19, 2020
Red River Credit Union has partnered with CO-OP Financial Services for debit and full-service credit processing and participation in the CO-OP ATM network.
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Level launches high interest banking app
February 19, 2020
Level, a San Francisco-based neobank startup, has launched with an industry leading 2.1% APY and cashback debit card, marking the latest entry in the growing…
read nowPelican State Credit Union outsources ATMs to Dolphin
February 18, 2020
Baton Rouge-based Pelican State Credit Union is outsourcing the management of its ATMs to Dolphin Debit, a privately held company with principal offices in…
read nowCardtronics enables cash balance reloads for Amazon customers
February 18, 2020
Cardtronics, the largest ATM operator in the world, announced that Amazon customers can load cash onto their Amazon cash balances at up to 400 of its ATM sites…
read nowLendingClub to buy Radius for $185M in historic deal
February 18, 2020
LendingClub Corp. agreed to buy Radius Bancorp, which includes its digital subsidiary Radius Bank, for $185 million in cash and stock, marking the first time a…
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National ATM Council names Lee to its board
February 17, 2020
Joseph Lee The National ATM Council, Inc. has named Joseph Lee, president of Technovation Data, Inc., Ellicott City, Maryland, as the newest appointee…
read nowNippon Platform, Hana Bank partner on international digital payments hub
February 17, 2020
Nippon Platform Co. and South Korea-based Hana Bank have partnered to expand Hana Financial Group's global alternative payment hub, called Global Loyalty…
read nowCash management market expected to reach $25B
February 14, 2020
The global cash management market is expected to reach $25.4 billion by 2027, fueled by a compound annual growth rate of 12.6% as companies increasingly turn…
read nowJoFiCo taps Diebold Nixdorf to manage ATM network
February 13, 2020
Diebold Nixdorf has signed an ATM as a service agreement with JoFiCo, a joint venture created last year by four Belgian banks — Argenta, AXA Bank, Crelan and…
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