Fifth Third Bank defers payments, waives fees amid COVID-19

March 19, 2020

Fifth Third Bank announced a series of new measures to help personal and small business customers due to the COVID-19 outbreak. 

Chase to close 20% of branches, maintain worker pay

March 18, 2020

Chase Bank told employees that it will temporarily close 20% of its bank branches due to the COVID-19 pandemic, but will continue to pay thousands of workers…

ATMIA reschedules Canada conference until September

March 17, 2020

The ATM Industry Association has rescheduled the ATMIA Canada conference from April until September due to concerns about the COVID-19 pandemic. 

Digital banking startup One raises $17M, launches private beta test

March 17, 2020

One, a San Francisco-based digital banking startup led by former Intuit and PayPal CEO Bill Harris, announced the launch of its private beta test and a $1…

Regulators, banks plan for contingencies as customers rush for cash amid COVID-19

by David Jones — Editor, Networld Media Group

March 16, 2020

Government regulators and bank officials said they were prepared for various contingencies amid reports that consumers are making large cash withdrawals due to…

Backbase and Finxact form alliance on digital-banking platform

March 12, 2020

Backbase, an omnichannel digital-banking platform, announced a strategic partnership with Finxact, to help banks and credit unions looking to transform their…

Digital banking surge predicted by 2024

by David Jones — Editor, Networld Media Group

Digital banking is poised to take off as incumbent banks move much of their business to mobile channels to compete against a new generation of digital-only…

Cash handling, security market expected to rise by $20B by 2024

March 12, 2020

NorthOne raises $21M to expand banking startup for small biz

March 10, 2020

NorthOne, a challenger bank targeting small businesses, freelancers and startup companies, has raised $21 million in Series A funding led by Battery Ventures. 

Credit Sesame launches digital banking service

March 10, 2020

Credit Sesame, a company that helps consumers manage their credit, is launching a digital banking service called Sesame Cash, offering consumers bank accounts…

CO-OP Financial postpones conference until August

March 9, 2020

CO-OP Financial Services said it was postponing its THINK 20 conference to Aug.17-20, citing health and safety concerns amid the growing coronavirus outbreak. 

Robinhood suffers new outage amid market rout

March 9, 2020

Robinhood suffered its second major outage in a week, as the mobile stock trading app stopped working Monday amid a historic market selloff where the S&P…

Citi offers fee waivers, hardship assistance amid coronavirus impact

March 9, 2020

Citi announced several measures, including fee waivers, hardship programs and extended banking help, to help retail customers and small businesses with help to…

Mobile banking app Empower raises $20M in Series A funding

March 6, 2020

Empower, a San Francisco-based mobile banking fintech, has raised $20 million in Series A funding, which came from a group that included Icon Ventures, Defy…

State Farm exiting banking sector, partnering with US Bank

March 5, 2020

State Farm is exiting the banking business and will enter a strategic alliance with  U.S. Bank, which will take over the insurance company’s existing deposit…

Branch offers surcharge-free ATM access through Cardtronics

March 5, 2020

Branch, a fintech that provides workers with advanced access to their paychecks, has teamed up with Cardtronics to provide surcharge-free ATM access through…

Wells Fargo to launch zero- and limited-overdraft fee accounts

March 3, 2020

(Updated at 7:45 p.m. EST with additional background)

Intuit plans personal finance ambitions with Credit Karma buy

by David Jones — Editor, Networld Media Group

Intuit announced its highly anticipated $7.1 billion acquisition of Credit Karma, a move that will create a personal finance powerhouse that can help financial…

Capital One to shut 37 branches across US

February 28, 2020

Capital One Financial Corp. is closing 37 bank branches across the U.S. as the bank works to reconcile its traditional banking business with a customer base…

Brink's acquires non-branch ATMs from AIB

February 28, 2020

Brink's has agreed to buy more than 500 remote ATMs from Allied Irish Bank. The agreement comes about a month after AIB and Bank of Ireland put their…