Bank / Credit Union News & Media
Wells Fargo, Santander adjust branch operations, waive fees
March 23, 2020
Another round of U.S. banks are adjusting bank hours, waiving fees and offering payment extensions to help customers impacted by the coronavirus pandemic.
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Trade groups, lawmakers working to offset COVID-19 impact on business
by Pat Shea — Editor, NetworldMedia
Trade organizations and government officials are burning the midnight oil to help ATM operators and small businesses impacted by COVID-19, but owners are…
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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.
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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…
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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.
read nowDigital 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…
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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…
read nowBackbase 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…
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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…
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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.
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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…
read nowCO-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.
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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…
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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…
read nowMobile 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…
read nowState 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…
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