Galileo opens Mexico City office to serve growing LatAm fintech market

February 7, 2020

Galileo Financial Technologies Inc., which backs many fintech and financial institutions, has opened an office in Mexico, reflecting the company's interest in…

Visa gains on holiday e-commerce, retail spending

by David Jones — Editor, Networld Media Group

Visa reported strong earnings during the fiscal first quarter, fueled by solid e-commerce and retail spending that offset weaker travel and restaurant spending.

Avant completes spinoff from Amount

February 6, 2020

Avant, a Chicago-based consumer lending platform, has completed its spinoff from Amount, a SaaS business that helps financial institutions transform their…

Fiserv providing payments technology for Hong Kong's ZA Bank pilot

February 6, 2020

Fiserv Inc. and ZA Bank, the first virtual bank to launch a Hong Kong-based pilot program, said ZA is using Fiserv's VisionPlus global payment software to…

ComQi acquires financial CMS provider JohnRyan

February 5, 2020

ComQi Inc., a provider of content management solutions for retail, has acquired JohnRyan, a provider of financial content management solutions, fo an…

SoFi partners with Bancorp Bank on cash management account

February 5, 2020

The Bancorp Bank announced a partnership with digital personal finance startup SoFi to provide back-end banking services and be the exclusive card issuer for…

Fiserv adds 50 banks, credit unions to merchant services since First Data merger

February 5, 2020

Fiserv Inc. said that more than 50 financial institutions that use its core processing platforms have added merchant solutions to their portfolio between its…

Visa plans major reset of interchange rates: Report

February 4, 2020

Visa is planning a major change to how it calculates the interchange rate, a move that could result in higher merchant fees for e-commerce transactions…

Hitachi Terminal Solutions to assume ATM management for Thai state-owned bank

February 4, 2020

HItachi Terminal Solutions (Thailand) Co. said it received an order for ATM outsourcing from Thailand's state-owned Government Savings Bank in a partnership…

Cardtronics extends ATM partnership with Fifth Third Bank to Carolinas

February 3, 2020

Fifth Third Bank entered a partnership with Cardtronics to rebrand 139 ATMs located in CVS pharmacies and other retailer stores in the Carolinas. 

Remitly launches digital banking service for immigrant communities

February 3, 2020

Remitly, a Seattle-based digital money transfer company, has launched Passbook by Remitly, a mobile banking service designed for immigrant communities, with no…

UK arrests 3 in probe of Malta's Bank of Valletta cyber attack

January 31, 2020

The National Crime Agency in the U.K. made three arrests in Belfast and London as part of a money-laundering investigation linked to a massive malware attack…

Nationwide Building Society uses contactless smart window to raise funds for homeless

January 31, 2020

Nationwide Building Society in the U.K. has deployed contactless payment technology to help raise money to fight homelessness.

Mobile payments gaining momentum, but Deutsche Bank says don't sleep on cash

by David Jones — Editor, Networld Media Group

A new report from Deutsche Bank says that mobile payment adoption will surge in the next five years, but cash will remain a critical part of many economies. In…

Lloyds Banking Group to shut 56 branches by October 2020

January 30, 2020

Lloyds Banking Group confirmed that it will close 56 bank branches across the U.K., as customer preferences continue to move toward digital banking and reduced…

Australia's Commonwealth Bank invests another $200M in Klarna, launches installment app

January 30, 2020

Commonwealth Bank of Australia has made an additional $200 million in Klarna AB, a fintech that provides installment financing for retail customers. It…

Wawa confirms hacked payment data has gone on sale on dark web

January 30, 2020

Wawa Inc., a convenience store and gas station chain that was hacked in December, has acknowledged reports that criminals have put stolen card data up for sale…

NatWest, G4S launch Intellgent Vault to enhance cash management for business

January 29, 2020

NatWest launched an Intelligent Safe, under a partnership with G4S, which allows business to get a daily credit for their cash deposits, however without the…

India's ICICI bank unveils cardless ATM transactions using mobile app

January 24, 2020

India's ICICI Bank rolled out Cardless cash withdrawals, that allows customers make ATM withdrawals using their IMobile banking app, with no need to use a…

Visa tackles growing UK cash access crisis with retail expansion

Visa is launching a program to expand access to cash for rural and low income communities in the U.K. amid reduced access to branch banking and ATM coverage.