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…

Litecoin Foundation partnering with MeconCash on e-commerce, ATM access

February 28, 2020

Litecoin Foundation is partnering with MeconCash to integrate Litecoin into its MPay platform, a deal that will allow the the digital currency to be used for…

Lloyds Bank cutting 780 jobs as consumers shun branches

February 27, 2020

Lloyds Banking Group is slashing 780 jobs as the U.K. financial institution faces an industry wide shift of customers moving away from in-person branch visits…

Virgin Money to slash 500 jobs, consolidate or close 52 branches

February 27, 2020

Virgin Money will slash 500 jobs and also close 22 branches outright and consolidate another 30 branches into another nearby Clydesdale Bank/Yorkshire Bank or…

Brink's acquires majority of G4S cash operations for $860M

February 26, 2020

Brink's, the world's leading cash management company, is buying a majority of the cash operations of G4S, the U.K.-based security and cash management firm, for…

Loomis acquires Finnish ATM, cash-handing firm

February 26, 2020

Loomis AB acquired Finnish cash management and ATM firm Automatia Pankkiautomattit Oy (Automatia) for 42 million euros ($45.6 million), which includes…

Revolut raises $500M in Series D to boost account usage

February 25, 2020

Revolut, a U.K.-based challenger bank, announced $500 million in Series D funding led by U.S. growth capital firm TCV, which values the company at $5.…

Branchserv, COCC provide dual-host ITMs for banks, credit unions

February 25, 2020

BranchServ, a division of Custom Vault Corp., has partnered with financial technology firm COCC, to launch a transformational automation solution for community…

Fiserv sees surge in bank, credit union participation in Turnkey Service for Zelle

February 24, 2020

Fiserv Inc. said that almost 600 banks and credit unions have joined P2P money transfer services through its Turnkey Service for Zelle business, with more than…

Capterra study shows most UK freelancers, small businesses would consider digital bank

February 21, 2020

Capterra released a study showing that 90% of small businesses and freelancers in the U.K. currently using a traditional bank would consider switching to a…

Morgan Stanley grows online brokerage with E-Trade deal

Morgan Stanley will buy the pioneering brokerage in a historic merger that will create one of the industry's most powerful online brokerages.

HSBC to shed assets, jobs in global restructuring

by David Jones — Editor, Networld Media Group

The London-based bank will slash $100 billion in assets and 35,000 jobs worldwide, shift much of its focus to Asia and close a large number of U.S. branches…

ACI Worldwide enters ATM management deal with Ecuador's Banco Internacional

February 20, 2020

ACI Worldwide has announced that Banco Internacional, one of Ecuador's largest banks for commercial and credit placement, will support the management of its…

Fidelity spins off Akoya to boost consumer control over finance data

February 20, 2020

FMR LLC, the parent of Fidelity Investments, is spinning off financial data firm Akoya into a company that will be jointly owned by Fidelity, The Clearing…

Red River partners with CO-OP Financial on processing, ATMs ahead of services rollout

February 19, 2020

Red River Credit Union has partnered with CO-OP Financial Services for debit and full-service credit processing and participation in the CO-OP ATM network. 

Level launches high interest banking app

February 19, 2020

Level, a San Francisco-based neobank startup, has launched with an industry leading 2.1% APY and cashback debit card, marking the latest entry in the growing…

Pelican State Credit Union outsources ATMs to Dolphin

February 18, 2020

Baton Rouge-based Pelican State Credit Union is outsourcing the management of its ATMs to Dolphin Debit, a privately held company with principal offices in…

Cardtronics enables cash balance reloads for Amazon customers

February 18, 2020

Cardtronics, the largest ATM operator in the world, announced that Amazon customers can load cash onto their Amazon cash balances at up to 400 of its ATM sites…