Bank of America to be presenting partner of Boston Marathon

March 31, 2023

The Boston Athletic Association has announced Bank of America will be the presenting partner for the Boston Marathon starting in 2024, according to a press…

Member Access Processing to offer cash recycling

by Bradley Cooper — Editor, Connect Media

March 30, 2023

Member Access Processing, a card processing company for credit unions, has announced it will install cash recycling at its ATMs. With this feature, the ATM…

Congress grills bank regulators following SVB collapse

March 29, 2023

The Senate Banking Committee grilled bank regulators on March 28 regarding the collapse of Silicon Valley Bank and Signature Bank. Several senators including…

Simmons Bank opens Crescent Center branch in Memphis

March 29, 2023

Simmons Bank has opened a Crescent Center branch in Memphis, Tennessee. The 5,500-square-foot location features two drive-thru lanes, an ATM and is staffed by…

Strike delivers money transfers from US to Vietnam

March 29, 2023

Strike, a digital payments platform built on the Bitcoin Lightning Network, has introduced money transfers from the U.S. to Vietnam. It partnered with Getbit…

Mastercard broadens availability of its services with Lusis Payments Partnership

Mastercard Security, Controls, Digital Enablement and Loyalty services to be streamlined to customers through single API. Partnership simplifies access to…

Expert shares insight into SVB collapse

by Bradley Cooper — Editor, Connect Media

There are many conflicting reports about why SVB fell apart and what it means for consumers in general. To gain insight into what actually happened, and how…

First Citizens Bank to acquire SVB amid turmoil

March 28, 2023

First Citizens Bank has signed an agreement to purchase Silicon Valley Bank from the Federal Deposit Insurance Corp.

Merchants National Bank to digitize lending

March 28, 2023

Merchants National Bank, based in Ohio, has partnered with Teslar Software to digitize lending processes with automated workflows, according to a press release.

AccesBanque migrates ATM business to Compass Plus Technologies

March 28, 2023

AccesBanque Madagascar, a commercial bank under AccesHolding Group, has migrated its ATM acquiring and card management businesses to Compass Plus Technology's…

Discover breaks ground on customer care center

March 27, 2023

Discover has broken ground on a customer care center in Whitehall, Ohio. The company joined with local and state legislators, business owners and non-profits…

Safes, vaults market to reach $13.8B

March 22, 2023

The safes and vaults market will grow from $7.9 billion in 2022 to $13.8 billion by 2030, according to research from ReportLinker. It will grow at a compound…

Keeping track of your cash during March Madness

by John Clatworthy — Senior Vice President, Chief Customer & Strategy Officer, Cash Connect, a division of WSFS Bank, Cash Connect, a division of WSFS Bank

With March Madness underway, many businesses will see a large influx of cash. Here's how to manage it.

Secret Service, PNC investigate Ohio ATM skimming case

March 21, 2023

The Secret Service is investigating 27 cases of skimming at one PNC ATM in Macedonia, Ohio. A thief used a small camera to steal PIN numbers from customers…

German police arrest 42 for ATM explosive attacks

March 21, 2023

More than 2,500 German police officers recently participated in an operation in which 42 people were arrested for suspected involved in ATM explosive attacks.

Credit Suisse narrowly avoids shutdown with USB acquisition

March 21, 2023

UBS has acquired Credit Suisse to prevent the bank from collapsing. The acquisition occurred in the wake of the recent collapse of Silicon Valley Bank…

What's the deal with cash recycling?

by Bradley Cooper — Editor, Connect Media

In a world of increasing competition for customers with neobanks and major staffing challenges at the branch level, banks need to find ways to reduce costs.

Citizens extends branch hours

March 16, 2023

Citizens is extending branch hours to help prospective customers due to current market uncertainties, according to a press release.

Senior citizen left in lurch when Chase fails to process ATM check deposit

March 15, 2023

Mary Smith, an 80-year-old woman in Amityville, New York recently attempted to deposit a more than $200,000 check at a Chase Bank ATM. However, the bank did…

SVB Financial Group appoints restructuring committee for subsidiaries

March 15, 2023

SVB Financial Group has appointed a restricting committee of five directors to look at alternatives for both the holding company and its capital and securities…