Deutsche Bank buys 4.9% stake in open banking fintech Deposit Solutions

September 19, 2019

Deutsche Bank said it acquired a 4.9% stake in German-based fintech Deposit Solutions, according to announcements from both companies. 

Blackstone sells part of its stake in NCR

September 19, 2019

NCR Corp. said Wednesday that it is allowing Blackstone Group Inc., a private-equity firm, to retire 57% of its NCR preferred stock.

Amazon PayCode launches in US for people who pay in cash

September 18, 2019

Amazon wants to make it easier for customers to pay with cash. 

Chime recovers from weekend outage in mobile banking app, card transactions

September 17, 2019

Chime, the San Francisco-based challenger bank, confirmed that it experienced a brief outage Sunday that left customers unable to complete certain card and…

Wells Fargo to launch digital currency on its blockchain platform

September 17, 2019

Wells Fargo & Co. announced plans to launch a digital currency called Wells Fargo Digital Cash on its blockchain platform. Clients will be able to use…

Venezuela sees its first Bitcoin ATM

September 16, 2019

A Bitcoin ATM has finally found its way to Venezuela.

Greenlight Financial raises $54M with backing from JPMorgan, Wells Fargo

September 16, 2019

Greenlight Financial Technology Inc., said it raised $54 million in Series B funding led by Drive Capital, with backing from JPMorgan Chase and Wells Fargo. 

Bitcoin ATM operator Coinme raises $1.5M from Ripple, VC fund

September 16, 2019

Seattle-based bitcoin kiosk and ATM provider Coinme has raised $1.5 million in a Series A-1 round that included Ripple subsidiary Xpring and the newly…

Mastercard to pay UK shops to offer cashback

September 13, 2019

Payment provider Mastercard is launching a new initiative to broaden cash access in the U.K., according to a company press release. 

KAL launches solution to eliminate ATM hardware upgrades

September 12, 2019

KAL ATM Software, an ATM software company based in Edinburgh, Scotland, is launching a product to eliminate enforced ATM hardware upgrades caused by Windows…

Mastercard testing open-loop B2B payments service Mastercard Track for 2020 launch

September 12, 2019

Mastercard announced the launch of Mastercard Track, an open-loop business payments system designed to help automate the $125 trillion B2B market between…

Paragon enhances web-based testing platform for FIs

September 10, 2019

North Carolina-based Paragon Application Systems, a provider of payment-testing solutions for the financial services industry, has enhanced its Web FASTest…

ING partners with Dutch supermarket to trial cashierless store

by Amy Castor — Editor, Networld Media Group

September 9, 2019

ING has joined forces with Dutch supermarket chain Albert Heijn and U.S. tech startup AiFi to pilot a cashierless store. The partners have built a…

Hackers stole $1.66M from German bank OLB by cloning EVM cards

September 6, 2019

EVM (chip and pin technology) was supposed to help make credit and debit cards safe from fraud, but it isn't completely foolproof. 

NCR debuts compact addition to family of cash-recycling ATMs

September 5, 2019

NCR Corporation has launched the SelfServ 63, a small-footprint cash recycling ATM as the newest addition to its family of cash recyclers.  

Grab investing $150M to create 'super app'

September 5, 2019

Grab Holdings Inc. plans to spend about $150 million on artificial intelligence and to hire additional engineers to help create a regional "super app" that…

Amazon testing biometric hand scanning technology for Whole Foods rollout: Report

September 4, 2019

Amazon is testing a new biometric payment technology that would allow customers to have their identity confirmed by scanning their hands, according to the New…

Fiserv launches 'super ATM' with biometric palm-vein reader

September 4, 2019

Fiserv Inc., a global provider of payments and financial services technology solutions, has launched a souped up ATM, which it has dubbed "Interactive Branch…

Renovite appoints Sanjay Mishra as CDO

September 4, 2019

Payment specialist Renovite Technologies has appointed industry veteran Sanjay Mishra as its chief delivery officer. In the position, Mishra will lead…

Bitcoin ATMs in Nevada now require a money transmitter license

August 30, 2019

Bitcoin ATMs in Nevada now require a state money transmitter license.