Bank / Credit Union News & Media
Deutsche Bank conducting internal investigation on banking product sale
January 26, 2021
Deutsche Bank AG is conducting an internal investigation following a Financial Times report describing bank employees who sold investment banking products to…
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NAC commends OCC for requiring banks to provide fair access
January 22, 2021
The Office of the Comptroller of the Currency just adopted a federal rule aimed at ensuring the provision of fair access to banking services by large national…
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Getting real about real-time payments
by Pat Shea — Editor, NetworldMedia
During the pandemic, how easy was it to pick up a phone, order food and pay with a click? But can real-time payments effectively work for B2B? ATM Marketplace…
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SBA approves 60,000 loans in first week
January 21, 2021
The U.S. Small Business Administration has already approved approximately 60,000 Paycheck Protection Program loan applications submitted by nearly 3,00…
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MA Gov. Baker Signs Credit Union Modernization Bill
January 21, 2021
Massachusetts Governor Charlie Baker signed bill S2828, An Act Modernizing Credit Union Laws, into law last week. The bill has been a priority for…
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CaixaBank's digital service ‘imagin’ reaches millions of millennials
January 21, 2021
Spain's CaixaBank's digital service and lifestyle platform, imagin, aimed at millennials, reached three million users by the end of 2020. The imaginers…
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Bank of America announces fourth-quarter results
January 20, 2021
Bank of America announced its fourth-quarter results, posting a 28% drop in net income to $5.5 billion in the quarter, or $0.59 per share, but beating the…
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JPMorgan's beats 4th-quarter earnings forecast
January 20, 2021
JPMorgan released fourth-quarter earnings, posting a 42% rise in net income of $12.14 billion versus $8.13 billion estimated by analysts. Revenue was posted at…
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Talking ATMs delivers Rebuild of Evangelion characters
January 20, 2021
Japan's convenience store chain, Lawson, is offering customers more than just the ability to withdraw cash from its in-store ATM machines. The chain has…
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Capital One fined $390M
January 19, 2021
The Financial Crimes Enforcement Network has enforced a $390 million civil penalty fine on Capital One for engaging in violations of the Bank Secrecy Act. The…
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Change in ATM rules for PNB customers
January 19, 2021
In February, customers of Punjab National Bank in New Delhi, India will have to adhere to new ATM rules that will restrict transactions both financial and…
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FNB ATM network increases 30% with PAI, Royal Farms partnership
January 18, 2021
First National Bank, the largest subsidiary of F.N.B. Corporation, Payment Alliance International and Royal Farms announced a partnership agreement that will…
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South African banks told get sanitizers or receive penalty
January 15, 2021
South African banks are racing to get ATM machines in line with COVID-19 regulations after the government was adamant that banks must provide hand sanitizers…
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Bank ABC acquires Egypt’s Blom Bank for $480 million
January 15, 2021
Bahrain's Bank ABC completed its purchase of Lebanon's Blom Bank, a subsidiary of Egypt's Blom Bank, for $480 million according to a report in Reuters.
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Turkish banks cooperate to create a joint ATM network
January 14, 2021
Turkish state lenders are cooperating to create an ATM network that will put all Turkish ATMs under one joint brand. A private lender has already approached…
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Synchrony's CEO Margaret Keane stepping down
January 13, 2021
Synchrony's Margaret Keane announced she will be stepping down as CEO and Brian Doubles, the company's president will replace her effective April 1, according…
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NAC seeking fair access to banking for ATM deployers
January 13, 2021
The National ATM Council Inc. filed industry comments this past week in response to the Notice of Proposed Rulemaking, Docket ID OCC-2020-0042; Fair Access to…
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Epson releases POS thermal receipt printer
January 13, 2021
Epson America Inc. a supplier of point-of-sale solutions, has introduced the OmniLink TM-m50 POS thermal receipt printer. With the continued rise in mobile and…
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The perfect theft: the increase in card-not-present fraud
by Rafael Lourenco — EVP, ClearSale
Rafael Lourenco, executive vice president and partner at ClearSale, a card-not-present fraud prevention operation, shares his thoughts regarding how…
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Payment Alliance International acquires B & B Music ATM portfolio
January 12, 2021
Payment Alliance International, provider of ATM portfolio management tools and services announced it has acquired the ATM portfolio of Cleveland-based B &…
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