Bank / Credit Union News & Media
Bank of America offers bond to help combat COVID-19
May 18, 2020
With the offering of its $1 billion corporate bond, Bank of America Corp became the first global commercial bank to specifically finance parts of the health…
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Following COVID-19: How the virus is affecting the ATM industry
May 15, 2020
ATM Marketplace is tracking CORONA-19 news, and we will update as more news becomes available.
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How safe and secure are your ATMs during this pandemic?
by Yonas Marcos
The COVID-19 pandemic has caused frustration and economic hardship for people throughout the world and ATMs can be an attractive target for criminals. Here are…
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Pandemic triggers Ireland’s decline in cash usage
May 14, 2020
Cash payments in Ireland were down 57% as of April 2020. A revised payments market forecast is expecting the value of payments to rise at a compound annual…
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JPMorgan credit card holders reduced spending due to pandemic
May 14, 2020
The coronavirus pandemic is responsible for why this past March and April, JP Morgan Chase & Co's U.S. credit card holders spent 40% less on non-essential…
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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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