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Bank / Credit Union News

Hong Kong bank weighing use of facial ID at ATMs

February 27, 2018

Hong Kong-based Hang Seng Bank plans to expand its use of fintech in mobile banking services. Additionally, based on consumer uptake of the facial recognition…

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Dolphin Debit broadens US presence with 4 new ATM management contracts

February 26, 2018

Dolphin Debit, a full-service ATM management company, has added four credit union clients, expanding its reach into an additional four states, a company press…

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The ATM gave her $100s instead of $5s; the bank wants them back

February 23, 2018

Christina Ochoa might've felt like the luckiest girl in the world when an ATM at Central National Bank in Wichita, Kansas, allegedly dispensed a $100 bill that…

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Because ski-through ATMs are so 2017 ...

February 23, 2018

Last year, the Canadian Imperial Bank of Commerce installed the world's first ski-through ATM at Whistler Blackcomb ski resort in British Columbia.

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Credit Europe Bank, JCB partner on ATM, POS acceptance

February 21, 2018

Credit Europe Bank Ltd., a Russian financial institution, has announced that it will begin to accept JCB Cards acceptance at the bank's ATM and…

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CUSOs partner to offer digital banking development platform for CUs

February 21, 2018

Members Development Company, a CUSO that facilitates collaborative R&D for more than 50 large credit unions, is teaming up with Constellation Digital…

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Discover debuts Cashback for debit card purchases

February 21, 2018

Discover has launched a new rewards program for its Cashback Checking product that allows customers to earn cash back on everyday debit card purchases.

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US Payments Forum offers guidance on mobile wallet strategy

February 20, 2018

The U.S. Payments Forum has released a white paper meant to help merchants and issuers understand the key factors and considerations for developing a mobile or…

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Transfast, State Bank of India ink remittances deal

February 19, 2018

Transfast, a provider of remittance solutions with a presence in more than 125 countries, has entered an agreement with India's largest FI, State Bank of…

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Costs of cyberattack greater for financial services than for other industries

February 16, 2018

Cyberattacks cost the financial services sector more than any other industry, and the rate of breaches in the sector has tripled over the past five years…

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Wells Fargo adds predictive banking feature to mobile app

February 16, 2018

Wells Fargo & Co. has announced that mobile banking deposit customers now have access to a predictive banking feature that analyzes account information and…

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Wirecard, ReiseBank enhance travel money app with cash top-up capability

February 16, 2018

Wirecard is expanding its collaboration with ReiseBank, a provider of travel money in Germany. The partners launched the bankomo mobile money app last year…

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Study finds high engagement with banking apps among US smartphone users

February 14, 2018

Of adults in the United States who use a smartphone, 63 percent have at least one financial app installed, and the average smartphone user has 2.5 financial…

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NCR to renew BankDhofar self-service network

February 13, 2018

BankDhofar, a retail financial institution in Oman, has selected NCR Corp. to overhaul its existing self-service network.

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Payments fraud plagues 75 percent of FIs, Minneapolis Fed reports

February 9, 2018

Payments fraud losses remain an issue for financial institutions across the country, but customer diligence — such as reviewing transaction activity and…

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Chicagoland ISOs join forces

February 9, 2018

Payroc LLC, a merchant services and payment organization, has acquired Integrity Payment Systems LLC, a full-service processor and acquirer. The transaction…

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PSCU, Pindrop partnership thwarts $1M in fraud in 1st month

February 9, 2018

PSCU is stepping up its fraud prevention efforts, using Pindrop technology on behalf of its owner credit unions to provide an added layer of voice security and…

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India ends incentives for new ATM, cash recycler installations

February 9, 2018

The Reserve Bank of India will not renew incentives intended to encourage banks to install ATMs and cash recyclers. The move is intended to bring about greater…

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Wells Fargo to support NFC transactions via vivoactive 3 smartwatch

February 9, 2018

Wells Fargo customers can now use a Garmin vívoactive 3 smartwatch for transactions at NFC-enabled payment terminals , according to a press release. The…

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IADs outpacing FIs in rate of ATM fleet expansion

February 8, 2018

Independent ATM deployers accounted for 1 in 6 ATMs worldwide at the end of 2016. Eighty percent of these are located in five markets — the U.S., Japan, South…

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