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…

As ATM industry gathers in Houston, major innovations and challenges impact business

by David Jones — Editor, Networld Media Group

As the ATM industry gathers in Houston for the ATMIA U.S. Conference 2020, industry experts say there are a number of issues that are impacting the industry…

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…

Brink's invests $9M stake in Moneygram

February 7, 2020

The Brink's Company has invested $9 million in Moneygram, a money-transfer company, according to a company release.  

How retail banks can speak to the customer experience

by Janet Hawkins — CEO & Founder, Opterus Inc

Janet Hawkins, president and CEO at Opterus, explains why retail banks need to continue ensure bank associates have the necessary tools that allow them to…

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…

Visa gains on holiday e-commerce, retail spending

by David Jones — Editor, Networld Media Group

Visa reported strong earnings during the fiscal first quarter, fueled by solid e-commerce and retail spending that offset weaker travel and restaurant spending.

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…

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. 

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…

UK arrests 3 in probe of Malta's Bank of Valletta cyber attack

January 31, 2020

The National Crime Agency in the U.K. made three arrests in Belfast and London as part of a money-laundering investigation linked to a massive malware attack…