News
Bank customers report rise in sudden account closures
July 18, 2023
Many bank customers are reporting their accounts are being shut down without warning, and when they attempt to get an explanation, they have little success.
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Connectbase purchases $16M debt facility from Silicon Valley Bank
July 18, 2023
Connectbase, a cloud connectivity provider, has purchased a $16 million debit facility from Silicon Valley Bank. With this facility, it aims to expand its…
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3 ATMs stolen from Florida hotels
July 18, 2023
Police are on the lookout for the culprits who stole three ATMs from hotels in Jacksonville, Florida. The thefts at a Hampton Inn, a Courtyard by Marriott and…
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Temenos delivers payments hub to Convera
July 18, 2023
Temenos, an open platform banking solutions provider, has partnered with Convera, a non-bank B2B payments provider, to provide its software-as-a-service…
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Dave Wurm promoted to chief sales officer at Networld Media Group
July 17, 2023
Dave Wurm has been named chief sales officer for Networld Media Group, a B2B and B2C publisher of websites based in Louisville, Kentucky, according to a press…
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Thieves steal trucks, ATMs in North Carolina
July 17, 2023
The Person County, North Carolina Sheriff's department is looking for thieves who stole vehicles, money and keys from one business and an ATM from another…
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Bank of America chatbot Erica sees more than 1.5B interactions
July 17, 2023
Bank of America's chatbot Erica has had more than 1.5 billion interactions with customers since its launch in 2018. Customers in 2023 have used Erica 33…
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Service Credit Union intros scholarship for culinary arts
July 14, 2023
Service CU Impact Foundation, the non-profit charity arm of Service Credit Union, has announced a scholarship for students in the culinary arts. The foundation…
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Diebold Nixdorf establishes post-bankruptcy reorganization plan
July 14, 2023
The U.S. Bankruptcy Court in the Southern District of Texas has confirmed Diebold Nixdorf's reorganization plan of debt restructuring process, following its…
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KeyBank intros home ownership credit program
July 14, 2023
KeyBank has introduced its third special purpose credit program, called KeyBank Neighbors First Credit, which provides up to $5,000 to help home buyers…
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Founder of defunct crypto exchange Celsius Network arrested
July 13, 2023
Authorities have arrested Alexander Mashinsky, founder of defunct cryptocurrency exchange Celsius Network, on charges of misrepresenting the organization's…
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Man kills 2 alleged ATM robbers
July 13, 2023
A man shot and killed two people who were allegedly attempting to rob him at an ATM in San Antonio, Texas. He was confronted by the individuals while at the…
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Bank of Baroda intros electronic bank guarantee
July 13, 2023
Bank of Baroda, an Indian bank, has introduced Electroc Bank Gurantee on its digital BarodaINSTA platform through a partnership with National E-Governance…
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Bank of America fined for more than $250M for fake accounts, junk fees
July 12, 2023
The Consumer Financial Protection Bureau has ordered Bank of America to pay more than $250 million in fines and customer refunds for a variety of violations…
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Fintech software market to grow by more than 8%
July 12, 2023
The fintech software market will grow at a compound annual growth rate of 8.82% from 2023 to 2027, according to research from Technavio. The primary market…
read nowMember Access Processing to offer loyalty rewards
July 12, 2023
Member Access Processing, a prepaid, Visa DPS, debit, credit, ATM and mobile processing platform for credit unions, has added ampliFI Loyalty Solution's…
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UK shuts down 26 unregistered crypto ATMs
July 11, 2023
The Financial Conduct Authority of the U.K. has shut down 26 cryptocurrency ATMs in the country for not registering with the FCA.
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Seattle's county seat passes cashless ban
July 11, 2023
The King County Council in Washington has voted to require businesses in unincorporated parts of the county to accept cash of up to $200. In the state, 2% of…
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SVB parent sues FDIC to recover $1.9B in seized assets
July 11, 2023
SVB Financial Group, the parent company of the failed Silicon Valley Bank, has sued the Federal Deposit Insurance Corp. for $1.9 billion that the agency seized…
read nowSlide Insurance raises $35M to build credit facility with Regions Bank
July 11, 2023
Slide Insurance, an insurtech company, has raised $35 million to build a senior credit facility with Regions Bank in Tampa, Florida, according to a press…
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