News
BOK Financial sues ATM manufacturer for $7.3M in losses from hackers
October 12, 2022
BOK Financial/TransFund, based in Tulsa, Oklahoma, is suing Hyosung America Inc. for allegedly selling it defective ATMs. The financial institution claims it…
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Bank of America expands payments to euro
October 12, 2022
Bank of America's payments solution, Pay by Back, is now available for euro transactions through a partnership with Banked Ltd. The open banking platform…
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Payment card shipments drop slightly in 2022
October 11, 2022
Payment card shipments will hit 3.029 billion in 2022, a drop from 3.11 billion shipments in 2021, according to ABI Research. Overall, the market has been more…
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Google Cloud partners with Coinbase to deliver Web3 services
October 11, 2022
Coinbase is partnering with Google Cloud to provide services to Web3 users and developers. Coinbase will process blockchain data on Google Cloud and expand its…
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Former Fed chairman wins Nobel Prize for bank research
October 11, 2022
Ben Bernanke, former chairman of the Federal Reserve, has won a Nobel Prize in Economics alongside economists Douglas Diamond and Philip Dybvig for research on…
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Corsair to sell NoteMachine UK ATM division to The Brink's Company
October 10, 2022
Corsair, a financial services investment company, has announced it will sell the UK ATM and TestLink divisions of NoteMachine Group Holdings Ltd to a…
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Rapid Finance inks acquisition of Thrive
October 10, 2022
Rapid Finance, a provider of financing solutions for small businesses, has acquired Thrive, a digital lending platform provider. Through the acquisition…
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Drone steals nearly $150K from an ATM
October 10, 2022
French police arrested two men who allegedly used an unorthodox method to steal from an ATM: a drone. The drone was able to enter the air vent of a Caisse…
read nowQuaint Oak Bank to boost lending strategy with automated tools
October 7, 2022
Quaint Oak Bank, based in Pennsylvania, has partnered with Teslar to improve its commercial lending strategy. The bank will utilize Teslar's automated workflow…
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Chase partners with DoorDash, Mastercard to launch credit card
October 7, 2022
JPMorgan Chase has partnered with DoorDash to launch a credit card, with Mastercard acting as the exclusive payments network. This DoorDash Rewards Mastercard…
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SECU to spread kindness with campaign
October 6, 2022
SECU, a Maryland-based credit union, has launched its third annual Kindness Connects, a kindess campaign that runs through October. It aims to deliver 250,00…
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Byline Bank to offer blockchain-based payments
October 6, 2022
Byline Bank, a Chicago-based financial institution, has partnered with Tassat Group Inc. to deliver TassatPay, a blockchain-based payments platform, for…
read nowBanc of California to acquire Global Payroll Gateway
October 5, 2022
Banc of California Inc., the parent company of Banc of California N.A., has acquired Global Payroll Gateway Inc. and its subsidiary Deepstack Technologies LLC…
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University Credit Union partners with UC San Diego on student financial services
October 5, 2022
University Credit Union has partnered with UC San Diego to provide students, alumni and retirees access to financial services. The credit union will offer…
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Bitcoin ATM growth experiences 1st dip
October 5, 2022
Bitcoin ATMs experienced the first dip in the history of the device with the number falling to 37,980 in September, compared to 38,776 in August — a drop of…
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Hyosung rolls out 3 cash automation solutions
October 5, 2022
Hyosung America has launched three banking solutions that deliver cash automation, including its Series 5 ATMs, Series 7 ATMs and MS500EL Teller Cash Recycler…
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Multi-factor authentication market to reach $34B by 2027
October 4, 2022
The multi-factor authentication will reach $34.497 billion by 2027, rising from $11.543 billion in 2020, according to Research and Markets data. It will grow…
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Bank of America intros QR sign-in for payments platform
October 4, 2022
Bank of America has introduced QR sign-in for its CashPro payments app. With the service, the bank's 500,000 CashPro users can access payments, cash management…
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Credit Suisse hits record low stock prices following scandals
October 4, 2022
Credit Suisse took a major hit to its stock price Monday as it hit a record low of $3.64. The drop was due to market concerns over the bank, particularly after…
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Nedbank joins metaverse
October 3, 2022
Nedbank Group, a large financial services company in Africa, has partnered with Africarare, an African metaverse provider, to purchase a 12x12 village in…
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