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Nippon Platform, Hana Bank partner on international digital payments hub

Nippon Platform Co. and South Korea-based Hana Bank have partnered to expand Hana Financial Group's global alternative payment hub, called Global Loyalty Network, according to a company release from Nippon. GLN is an alternative payment platform that connects financial institutions,…

JoFiCo taps Diebold Nixdorf to manage ATM network

Diebold Nixdorf has signed an ATM as a service agreement with JoFiCo, a joint venture created last year by four Belgian banks — Argenta, AXA Bank, Crelan and vdk bank — and bpost, to manage its ATM network from end…

N26 to close UK operations following Brexit

N26 to close UK operations following Brexit

N26, a Berlin-based challenger bank, is pulling up stakes from the U.K. after that country finalized plans to withdraw from the European Union under Brexit.  N26 said it will no longer be able to operate in the U.K.

ABN Amro, DXC invest in digital banking software startup Fenergo

Fenergo, a Dublin-based provider of digital onboarding and authentication software for the banking industry, has closed an investment round from ABN Amro Ventures and DXC Technology. The funding will be used for further product enhancement and/or the acquisition of new…

Model9 raises $9M in funding led by Intel Capital

Model9, a firm that provides data management for mainframe computers, has raised $9 million in Series A funding, led by Intel Capital, with participation from StageOne, NorthFirst Ventures and GlenRock Israel. The funding will be used to accelerate the company’s…

KAL enters partnership with Burroughs on ATM software solutions

Burroughs Inc., a service provider for ATMs, safes and related equipment, entered a partnership with KAL to provide hardware-agnostic software solutions as an alternative to existing OEM options. The companies plan to bring KAL’s Kalignite Hypervisor as their first solution…

Varo Money gains historic regulatory approval from FDIC

Varo Money gains historic regulatory approval from FDIC

San Francisco-based Varo Money Inc. has gained final approval from the Federal Deposit Insurance Corp.

Contactless payments tripling by 2024

Contactless payments tripling by 2024

Juniper Research reports that contactless payments will triple to $6 trillion worldwide by 2024, from about $2 trillion this year, as OEM mobile wallet transactions increase and banks expand the use of contactless cards. The report found that several factors…

Intercard introduces Blockbuster iTeller

Intercard Inc. recently introduced its Blockbuster iTeller designed for the growing numbers of family entertainment centers that have cinemas, according to a press release.

Barclays signs extension deal with Visa

Barclays signs extension deal with Visa

Barclays, which processes almost half of the credit and debit card transactions in the U.K., has signed a new, multi-year partnership deal with Visa, extending a 50-year relationship. "This is a landmark partnership for Barclays, which will ultimately benefit merchants…

Mastercard partners with North Macedonia on digital identity solutions

Mastercard is partnering with the Republic of North Macedonia to develop digital identity solutions that will give citizens of that country a new way of authentication when accessing government and business services. The partnership will develop digital identity solutions, including…

Galileo opens Mexico City office to serve growing LatAm fintech market

Galileo Financial Technologies Inc., which backs many fintech and financial institutions, has opened an office in Mexico, reflecting the company's interest in the Latin American financial market, according to a company press release. Tory Jackson, the company's in-country manager for…

Avant completes spinoff from Amount

Avant, a Chicago-based consumer lending platform, has completed its spinoff from Amount, a SaaS business that helps financial institutions transform their business to digital. The split will help both companies maximize capital and shareholder value, according to a press release…

Fiserv providing payments technology for Hong Kong's ZA Bank pilot

Fiserv Inc. and ZA Bank, the first virtual bank to launch a Hong Kong-based pilot program, said ZA is using Fiserv's VisionPlus global payment software to enable the entire lifecycle of card payment services. "We are pleased to partner with…

ComQi acquires financial CMS provider JohnRyan

ComQi Inc., a provider of content management solutions for retail, has acquired JohnRyan, a provider of financial content management solutions, fo an undisclosed sum, according to a press release. ComQi, owned by Taiwan based display manufacturer AUO, will continue to…

SoFi partners with Bancorp Bank on cash management account

SoFi partners with Bancorp Bank on cash management account

The Bancorp Bank announced a partnership with digital personal finance startup SoFi to provide back-end banking services and be the exclusive card issuer for the company’s SoFi Money account. SoFi Money is a high-interest cash management account that offers reimbursed…

Visa plans major reset of interchange rates: Report

Visa is planning a major change to how it calculates the interchange rate, a move that could result in higher merchant fees for e-commerce transactions, according to a report by Bloomberg. Bloomberg, citing a Visa document sent to banks, reported…

Crane Payment acquires currency-handling firm Cummins Allison

Crane Payment acquires currency-handling firm Cummins Allison

Crane Payment Innovations, a banknote validation, cashless payments and developer of asset management software, has acquired Cummins Allison, a provider of coin, currency and check-handling solutions and ATM machines. "We are extremely excited about the new opportunities created by acquisition…

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