Bank of America reports 45% decline in first quarter

April 15, 2020

The coronavirus pandemic triggered a 45% decline in Bank of America's first-quarter results, causing the bank to set aside $3.6 billion for loan loss reserves…

Terminal fraud attacks increasing in Europe

April 14, 2020

Terminal fraud attacks were up 35% in 2019, according to the European Association for Secure Transactions. It released the European Payment Terminal Crime…

JPMorgan Chase warns of downturn as Q1 EPS fall short

April 14, 2020

JPMorgan Chase & Co. reported first quarter earnings well below Wall Street estimates as the bank was forced to set aside billions in credit reserves amid…

FIS warns of lower Q1 revenue, EPS due to COVID-19

April 14, 2020

PayPal and Intuit given go ahead to participate in PPP

April 14, 2020

As banks across the country continue to work with the U.S. government to distribute the $350 billion set aside to help small businesses, Financial Innovation…

India deploys mobile ATM

April 14, 2020

With India locking down the country due to the coronavirus, HDFC Bank began utilizing a mobile automated teller machines to help customers with their banking…

Inventive "rice ATM" feeds those in need in Vietnam

April 13, 2020

  With his country in lockdown and wanting to help, Vietnamese tech businessman, Hoang Tuan Anh, donated a batch of smart doorbells to hospitals in Ho Chi Minh…

Fed's Main Street Lending program could provide $600 billion for business loans

April 10, 2020

As the coronavirus pandemic continues, the Federal Reserve released its plans to provide an additional $2.3 trillion in loans to help to support households and…

Paramount Management Group completes ATM acquisition

April 10, 2020

Paramount Management Group, an ATM operator, recently completed an acquisition of another ATM company, according to a press release. The acquisition was…

BOA offering refunds on fees, loan deferrals

April 10, 2020

Bank of America is providing additional support and assistance to its consumer and business clients impacted by the coronavirus, according to a company press…

Diebold Nixdorf names Manish Choudhary senior vice president

April 10, 2020

Diebold Nixdorf has named Manish Choudhary as senior vice president, software, according to a press release. In this role, Choudhary leads the organization's…

Feds modify growth restriction on Wells Fargo to support small business

April 8, 2020

The Federal Reserve Board will temporarily narrowly modify the growth restriction placed on Wells Fargo in February 2020 to allow the firm to provide…

Crypto prepaid card lets users withdraw $2500 daily

April 8, 2020

Embily, a crypto company, has released a prepaid card that gives customers the ability to use the card anywhere that Mastercard is accepted.

Citi expands COVID-19-related waivers, deferrals

April 7, 2020

Citi is launching a program to expand its COVID-19 assistance to retail customers and small businesses, beyond initial fee waivers announced in early March. 

Fifth Third Bank hiring 1,000 customer service agents amid surge in calls

April 7, 2020

Fifth Third Bank planst to hire 1,000 customer service employees in its retail branches, mortgage and operations, including its Cincinnati headquarters, as the…

Confusion over PPP eases as Fed Reserve backs loans

April 7, 2020

With many businesses in the ATM industry racing to apply for funding through the Small Business Administration’s emergency loan program as their bills come…

Social distancing gets help from Bitcoin Depot

April 6, 2020

Despite a constant barrage of media telling people across the country to practice social distancing due to the coronavirus pandemic, there are those people who…

Wells Fargo hits cap on loans for SBA relief program

April 6, 2020

Small businesses banking with Wells Fargo and looking to the financial institution to help provide some of the $350 billion in emergency loans from the federal…

CSI expands digital lending tools to help community banks process COVID relief loans

April 6, 2020

Computer Services Inc., a provider of core banking software and payment services, is debuting an enhanced set of digital lending tools to help community banks…

Hyosung extends retail ATM warranties due to COVID-19

April 3, 2020

With ATM operators struggling to keep business on track when many of their retail clients have shut down due to COVID-19, Hyosung has stepped up to help. It's…