Bank / Credit Union News & Media
Banking regulators, lawmakers meet on COVID-19 lending programs
May 13, 2020
The Senate Banking committee held its first remote hearing since the pandemic began and emphasized to members of the Federal Reserve, Federal Deposit Insurance…
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Strategic assessment tool helps credit unions prepare for future
May 12, 2020
California-based CO-OP Financial Services is providing its Credit Union Strategic Investment Assessment tool, that gives credit unions a strategic blueprint…
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Northern Trust provides $100 million to support small business
May 11, 2020
Northern Trust Corporation is providing $100 million in low-cost funding to assist Community Development Financial Institutions in providing loans to small…
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Canadian banks help business access emergency wage subsidy
May 8, 2020
To help businesses affected by COVID-19 gain access quickly to Canada's Emergency Wage Subsidy, Canada's banks have partnered with the Government of Canada to…
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Global Payments to provide credit card processing for Truist Financial
May 6, 2020
Global Payments Inc., a payment technology and software solutions provider in Atlanta, Georgia has announced that TSYS, the company's issuer solutions…
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Touchscreens have a role to play in improving safety during the coronavirus pandemic
by Ian Crosby — Sales & Marketing Director, Zytronic
Despite concerns about touchscreen safety, touchscreens also have the potential to provide significant benefits in the coronavirus pandemic in regards to…
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Post Covid-19: A wake-up call for financial institutions and credit unions
by Justin Van Peursem — President, MVP Financial Equipment Corp.
With restrictions being lifted from the Covid-19 pandemic lockdown, financial institutions and credit unions should be thinking about how they will prepare for…
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BOA's PPP applicants receive approvals worth $25B
May 4, 2020
The Small Business Administration approved loans for Bank of America's small business applicants worth approximately $25 billion under the second wave of…
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London-based fintech Revolut launches bank in Lithuania
May 4, 2020
London-based fintech, Revolut, having received its European banking license in late 2018 from European Central Bank and Bank of Lithuania, is expanding its…
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UK cash use down, weekly ATM withdrawal amounts increase
by Pat Shea — Editor, NetworldMedia
Cash use in the UK is down, but LINK, UK's largest ATM cash machine network, reports ATM users have increased the amount of money they're withdrawing.
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Israeli bank pleads guilty in hiding $7.6 billion from the IRS
May 1, 2020
The largest banking system in Israel, Bank Hapoalim, pled guilty in Manhattan's federal court on April 30 for helping its U.S. clients hide approximately $7.…
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Wescom Credit Union donates $10K GrubHub gift cards to hospital staff
April 30, 2020
Huntington Memorial Hospital workers in Los Angeles received a surprise from Wescom Credit Union. The hospital staff, who is working directly with COVID-1…
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Trying for a PPP loan? Here’s expert guidance that can help
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
It’s been no secret that ATM operators, manufacturers, distributors and their small business clients have tried to navigate the process of applying for a…
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HSBC profit falls due to COVID-19, delays restructuring
April 29, 2020
London-based HSBC is pausing global restructuring plans announced in February and said pre-tax profit fell 48%, to $3.2 billion, during the first quarter due…
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Moody's downgrades outlook for African banking from stable to negative.
April 29, 2020
The impact of the coronavirus has caused the American credit rating agency, Moody's, to downgrade the banking systems in South Africa, Nigeria and Morocco from…
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Bank call centers feeling pressure of COVID-19
by David Jones — Editor, Networld Media Group
COVID-19 forced most of the nation's major banks to restrict lobby access, the reduced access along with the economic downturn have placed enormous pressure on…
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During lockdown, India banks keeping more money on hand
April 28, 2020
To ensure that banks and ATMs have enough cash to meet customers' needs while the coronavirus lockdown worldwide continues, banks in India are keeping up to…
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Lending solution can drive business to consumer-facing industries
April 23, 2020
Artis Technologies has launched a cloud-based lending solution, Artis Connect, that links lenders, merchants, and consumers at the point-of-need. The solution…
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