Backbase and Finxact form alliance on digital-banking platform

March 12, 2020

Backbase, an omnichannel digital-banking platform, announced a strategic partnership with Finxact, to help banks and credit unions looking to transform their…

Digital banking surge predicted by 2024

by David Jones — Editor, Networld Media Group

Digital banking is poised to take off as incumbent banks move much of their business to mobile channels to compete against a new generation of digital-only…

Cash handling, security market expected to rise by $20B by 2024

March 12, 2020

Fiserv postpones investor conference, boosts guidance on First Data synergies

March 11, 2020

Fiserv Inc. will postpone its March 25th investor conference in New York until later this year amid heightened concerns about the coronavirus outbreak. The…

Smartmetric resumes smart card production after coronavirus hits supply chain

March 10, 2020

Smartmetric said that it has commenced manufacturing its biometric smart card after supply chain delays due to the coronavirus outbreak.

NorthOne raises $21M to expand banking startup for small biz

March 10, 2020

NorthOne, a challenger bank targeting small businesses, freelancers and startup companies, has raised $21 million in Series A funding led by Battery Ventures. 

Credit Sesame launches digital banking service

March 10, 2020

Credit Sesame, a company that helps consumers manage their credit, is launching a digital banking service called Sesame Cash, offering consumers bank accounts…

CO-OP Financial postpones conference until August

March 9, 2020

CO-OP Financial Services said it was postponing its THINK 20 conference to Aug.17-20, citing health and safety concerns amid the growing coronavirus outbreak. 

Robinhood suffers new outage amid market rout

March 9, 2020

Robinhood suffered its second major outage in a week, as the mobile stock trading app stopped working Monday amid a historic market selloff where the S&P…

Citi offers fee waivers, hardship assistance amid coronavirus impact

March 9, 2020

Citi announced several measures, including fee waivers, hardship programs and extended banking help, to help retail customers and small businesses with help to…

Mobile banking app Empower raises $20M in Series A funding

March 6, 2020

Empower, a San Francisco-based mobile banking fintech, has raised $20 million in Series A funding, which came from a group that included Icon Ventures, Defy…

State Farm exiting banking sector, partnering with US Bank

March 5, 2020

State Farm is exiting the banking business and will enter a strategic alliance with  U.S. Bank, which will take over the insurance company’s existing deposit…

Branch offers surcharge-free ATM access through Cardtronics

March 5, 2020

Branch, a fintech that provides workers with advanced access to their paychecks, has teamed up with Cardtronics to provide surcharge-free ATM access through…

Wells Fargo to launch zero- and limited-overdraft fee accounts

March 3, 2020

(Updated at 7:45 p.m. EST with additional background)

Robinhood to offer case-by-case compenstion after trading app outages

March 3, 2020

Robinhood has recovered from a prolonged series of outages this week during one of the most volatile trading periods in U.S. history. The trading app was down…

Time to evolve, not withdraw the ATM

by Ben Hickinbotham — Vice president, MoneyPass, Fiserv

Amid rapid changes in the cash economy and the rise in digital payments, the ATM is likewise facing challenges that have led to an evolution that will meet the…

Security Vault Works names industry veteran Pellegrino as president

March 2, 2020

Security Vault Works Inc., a provider of self-service kiosks and ATMs for the banking industry, has named veteran industry executive Nick Pellegrino as its…

Intuit plans personal finance ambitions with Credit Karma buy

by David Jones — Editor, Networld Media Group

Intuit announced its highly anticipated $7.1 billion acquisition of Credit Karma, a move that will create a personal finance powerhouse that can help financial…

Capital One to shut 37 branches across US

February 28, 2020

Capital One Financial Corp. is closing 37 bank branches across the U.S. as the bank works to reconcile its traditional banking business with a customer base…

Brink's acquires non-branch ATMs from AIB

February 28, 2020

Brink's has agreed to buy more than 500 remote ATMs from Allied Irish Bank. The agreement comes about a month after AIB and Bank of Ireland put their…