Bank / Credit Union News & Media
Unbanked population falls to record low in US
October 26, 2022
The number of unbanked Americans has fallen to 4.5%, representing 5.9 million households. This is the lowest level since the FDIC began tracking this data in…
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Bank of America virtual assistant Erica sees 1B interactions
October 25, 2022
Bank of America is reporting that Erica, it's virtual financial assistant, has seen 1 billion interactions with clients. First launched in 2018, the AI…
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Chase closes Kanye West's accounts sparking controversy
October 25, 2022
JP Morgan Chase recently sent a letter to rapper Kanye West, also known as Ye, informing him it was ending its relationship with him and he would need to take…
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Citizens intros deposit accounts for carbon offsetting
October 24, 2022
Citizens has launched a Carbon Offset Deposit Account to help corporate clients reduce carbon footprints. Clients can use the accounts to acquire carbon…
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How to stop ATM attacks
by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator
ATM thieves are getting bolder and banks are adopting more advanced strategies in response to prevent attacks.
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FIS appoints president, CEO
October 20, 2022
FIS, a technology solutions company for financial institutions, has appointed Stephanie L. Ferris to serve as president and CEO starting Jan. 1. She will take…
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Bank of America expands CashPro to support 350+ payment types
October 18, 2022
Bank of America has expanded its CashPro Payment API to allow customers to access more than 350 payment types in 38 global markets, according to a press…
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Why mobile apps need to deliver entire banking experience
by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator
In an age where customers are more willing than ever to switch banking providers, banks need to step up their game when it comes to mobile apps.
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Mastercard to offer cryptocurrency trading for banks
October 18, 2022
Mastercard has announced a program to help banks add cryptocurrency trading to their offerings. It will bridge Paxos, a cryptocurrency trading platform, with…
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Chase intros Ink credit card
October 17, 2022
JPMorgan Chase has introduced a Chase Ink Business Premier credit card, on digital and retail channels, for all eligible business customers. This card offers…
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Webinar analyzes findings of 2022 ATM and self-service software trends report
by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator
As banks have had to make adjustments in light of COVID-19 and customer expectations, they have had to rely more, not less, on self-service channels, including…
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Wisconsin brings back TYME machine ATMs
October 14, 2022
Landmark Credit Union, based in Wisconsin, is officially bringing back the TYME machine as a brand for its line of ATMs.
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Bank of America to deposit $100M for minority-owned businesses
October 13, 2022
Bank of America will add $100 million in low-cost deposits to minority depository institutions, which will in turn provide banking services in minority and…
read nowArizona Financial Credit Union inks acquisition of Horizon Community Bank
October 13, 2022
Arizona Financial Credit Union has officially acquired Horizon Community Bank, headquartered in Lake Havasu City, Arizona. With this acquisition, the union…
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Infovisa expands partnership with Fifth Third
October 12, 2022
Fifth Third Institutional Services, a division of Fifth Third Bank, has expanded its partnership with Infovisa, a fintech solutions provider. Through the…
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BOK Financial sues ATM manufacturer for $7.3M in losses from hackers
October 12, 2022
BOK Financial/TransFund, based in Tulsa, Oklahoma, is suing Hyosung America Inc. for allegedly selling it defective ATMs. The financial institution claims it…
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Bank of America expands payments to euro
October 12, 2022
Bank of America's payments solution, Pay by Back, is now available for euro transactions through a partnership with Banked Ltd. The open banking platform…
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2022 ATM & Self-Service Software Trends
The world is finding its way to a new normal and the role ATMs have in our society is as well. While cash is still very popular, the events of the last few…
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ATMs deliver cash recycling, management needs
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
Despite rumors to the contrary, consumers still want cash access and as a result the need for recycling and cash management is still great. ATMs can meet all…
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Former Fed chairman wins Nobel Prize for bank research
October 11, 2022
Ben Bernanke, former chairman of the Federal Reserve, has won a Nobel Prize in Economics alongside economists Douglas Diamond and Philip Dybvig for research on…
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