Model9 raises $9M in funding led by Intel Capital

February 12, 2020

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…

KAL enters partnership with Burroughs on ATM software solutions

February 12, 2020

Burroughs Inc., a service provider for ATMs, safes and related equipment, entered a partnership with KAL to provide hardware-agnostic software solutions as an…

Varo Money gains historic regulatory approval from FDIC

by David Jones — Editor, Networld Media Group

February 11, 2020

San Francisco-based Varo Money Inc. has gained final approval from the Federal Deposit Insurance Corp. to obtain deposit insurance, marking a historic step on…

Contactless payments tripling by 2024

February 11, 2020

Juniper Research reports that contactless payments will triple to $6 trillion worldwide by 2024, from about $2 trillion this year, as OEM mobile wallet…

Intercard introduces Blockbuster iTeller

February 10, 2020

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

Barclays signs extension deal with Visa

February 10, 2020

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…

UK bank customers paying more in fees, as free ATMs, branches slashed

February 10, 2020

Bank customers in the U.K. are paying millions more in bank fees as free cash machines are being slashed, and bank branches are shrinking, according to a…

Mastercard partners with North Macedonia on digital identity solutions

February 7, 2020

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…

Galileo opens Mexico City office to serve growing LatAm fintech market

February 7, 2020

Galileo Financial Technologies Inc., which backs many fintech and financial institutions, has opened an office in Mexico, reflecting the company's interest in…

Avant completes spinoff from Amount

February 6, 2020

Avant, a Chicago-based consumer lending platform, has completed its spinoff from Amount, a SaaS business that helps financial institutions transform their…

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

February 6, 2020

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…

ComQi acquires financial CMS provider JohnRyan

February 5, 2020

ComQi Inc., a provider of content management solutions for retail, has acquired JohnRyan, a provider of financial content management solutions, fo an…

SoFi partners with Bancorp Bank on cash management account

February 5, 2020

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…

Fiserv adds 50 banks, credit unions to merchant services since First Data merger

February 5, 2020

Fiserv Inc. said that more than 50 financial institutions that use its core processing platforms have added merchant solutions to their portfolio between its…

Visa plans major reset of interchange rates: Report

February 4, 2020

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…

Crane Payment acquires currency-handling firm Cummins Allison

February 4, 2020

Crane Payment Innovations, a banknote validation, cashless payments and developer of asset management software, has acquired Cummins Allison, a provider of…

Hitachi Terminal Solutions to assume ATM management for Thai state-owned bank

February 4, 2020

HItachi Terminal Solutions (Thailand) Co. said it received an order for ATM outsourcing from Thailand's state-owned Government Savings Bank in a partnership…

Cardtronics extends ATM partnership with Fifth Third Bank to Carolinas

February 3, 2020

Fifth Third Bank entered a partnership with Cardtronics to rebrand 139 ATMs located in CVS pharmacies and other retailer stores in the Carolinas. 

TD Bank, Cardtronics to rebrand 80 ATMs at Rite Aid stores

February 3, 2020

TD Bank has signed a deal with Cardtronics to rebrand 80 ATMs inside New York Rite Aid stores in the Bronx, Brooklyn and Queens to operate under the bank's…

Remitly launches digital banking service for immigrant communities

February 3, 2020

Remitly, a Seattle-based digital money transfer company, has launched Passbook by Remitly, a mobile banking service designed for immigrant communities, with no…