Bank / Credit Union News & Media
Wells Fargo partners with Operation Hope to open redesigned branch
November 1, 2022
Operation Hope Inc., a nonprofit financial empowerment organization, has partnered with Wells Fargo to open its 200th HOPE Inside location at a redesigned…
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Banks holding Elon Musk's debt for Twitter deal
November 1, 2022
A few banks, including Morgan Stanley, Bank of America and Barclays, are providing Elon Musk, CEO of Tesla Motors, $13 billion in financing in order to acquire…
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Woodforest National Bank adds 2 Walmart branches in Florida
October 31, 2022
Woodforest National Bank, based in Montgomery County, Texas, has opened two branches in Kissimmee and Brandon, Florida inside of Walmarts. The locations offer…
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ATM robber leaves jail inmate ID at scene of crime
October 31, 2022
A man who stole $800 from a Chase ATM in Jersey City, New Jersey, also left behind his Hudson County inmate ID card along with a personal property receipt.
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Tri Counties Bank partners with United Way for wildfire fund
October 28, 2022
Tri Counties Bank, a subsidiary of TriCo Bancshares based in Chico, California, has partnered with United Way of Northern California to launch the NorCal…
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Women expand footprint in exec roles at banks
October 28, 2022
The number of women in executive roles in the U.S. top 50 banks rose from 26.26% in 2021 to 28.27% in 2022, according to a Women at the Top Study. However, the…
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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, Connect Media
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, Connect Media
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, Connect Media
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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