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Bank / Credit Union News & Media

Justice Department takes on Visa, MasterCard

March 5, 2002

NEW YORK -- The Justice Department yesterday opened arguments in U.S. District Court in Manhattan in a trial that could force major changes in the way the Visa…

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Would-be thieves attempt to shoot their way into an ATM

March 5, 2002

CHEYENNE, Wyo. -- Three teen-agers and a 20-year-old who may have seen a few too many John Wayne movies were arrested for allegedly trying to shoot their way…

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Britian's NatWest axes "foreign" ATM fees

March 5, 2002

LONDON -- Head of banking for NatWest, Gordon Pell, said "foreign" charges -- those made to non-customers who use the bank's ATMs -- will be dropped on January…

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CIBC adds Safeway grocery chain to its E-banking network, using ATMs to garner more customers

March 5, 2002

MONTREAL -- The Canadian Imperial Bank of Commerce ("CIBC") added U.S.-based Safeway Inc. to its E-banking network yesterday, less than a week after selling…

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Western Union's alliance with STAR offers consumers more financial perks

March 5, 2002

ENGLEWOOD, Colo. -- The Western Union Cash Card service has been approved for a stored-value pilot program with the STAR Network. The Western Union Cash Card…

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Arkansas Federal Credit Union's ATMs are first to dispense one-dollar coins

March 5, 2002

JACKSONVILLE, Ark. -- Most people haven't even seen the newly minted, golden one-dollar coins, much less received one from an ATM machine. But that's changing.

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NYCE processes 1st SafeDebit transaction

March 5, 2002

WOODCLIFF LAKE, N.J. -- NYCE Corporation announced the successful completion of the first Internet payment transactions made with the new SafeDebit card.

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Barclays reverses surcharge stance

March 5, 2002

LONDON -- Barclays has decided to drop all ATM charges, a reversal of its proposal 10 months ago to levy a £1 surcharge on withdrawals from its machines by…

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CashPoint gets second round of equity financing

March 5, 2002

SEATTLE -- CashPoint, an ATM advertising company that is working with Wells Fargo Bank on its on- screen advertising and couponing program, received a second…

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Commerce Bank waives ATM fees to attract new customers

March 5, 2002

CHERRY HILL, N.J. -- Commerce Bancorp, Inc. (NYSE Symbol: CBH) will not charge non-customers a convenience fee for using ATMs at its branch locations during…

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American Century Investments invests in Euronet

March 5, 2002

LEAWOOD, Kansas -- The venture capital arm of American Century Investments has invested $6 million in Euronet Services Inc. through a private purchase of…

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E*TRADE passes $1 billion in revenues in 1st nine months of fiscal 2000, gets break-even results from ongoing operations

March 5, 2002

MENLO PARK, Calif. -- E*TRADE Group, Inc. (Nasdaq: EGRP), the online financial services company that earlier this year purchased Card Capture Services…

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Financial Technologies in deal with U-Pak-It, Progressive Bank

March 5, 2002

JACKSON, Miss. -- Financial Technologies has entered into a joint venture with U-Pak-It Stores and Progressive Bank. Under the agreement, ATMs may be deployed…

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Carreker Corporation, Euronet complete licensing, distribution agreements

March 5, 2002

DALLAS -- Through a recently completed licensing agreement, Euronet Services Inc. (Nasdaq: EEFT), operator of the largest independent ATM network in Europe…

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Tivoli Systems Inc., Wincor Nixdorf partner on services for ATMs and other self-service terminals

March 5, 2002

AUSTIN, Texas and PADERBORN, Germany -- Tivoli Systems Inc. and Wincor Nixdorf GmbH & Co. KG have entered into a multi-year worldwide alliance to provide…

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Euronet reports 2nd quarter results

March 5, 2002

LEAWOOD, Kan. -- Euronet Services Inc. (NASDAQ: EEFT) recorded revenues of $12.9 million for the second quarter of 2000, an increase of 22 percent over…

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Citibank, ABN Amro look to increase ATM presence in Singapore

March 5, 2002

SINGAPORE -- Singapore's Network for Electronic Transfers (NETS), which runs the shared ATM network for local banks, has sent proposals to at least two foreign…

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MPS to buy Pennsylvania-based processor

March 5, 2002

CINCINNATI -- With an agreement to purchase ACI Merchant Services, Inc., Midwest Payment Systems has made its second acquisition in three months.Terms of the…

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Judge tells Santa Monica to OK surcharges

March 5, 2002

SAN FRANCISCO -- U.S. District Court Judge Vaughn Walker told the Santa Monica City Council that it must comply with his June order that it suspend an…

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Japanese retailers apply for bank license; will use ATMs to reach customers

March 5, 2002

TOKYO -- Japanese retail giant Ito-Yokado Co Ltd has filed for a license to break into the banking sector, becoming the first non-financial firm to do so since…

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