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Bank / Credit Union News

Sovereign's accessibility plan includes "talking" ATMs

November 21, 2002

BOSTON -- Sovereign Bank is the latest financial institution to announce a plan to install talking ATMs. In addition to installing the ATMs, Sovereign intends…

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ATMs expected to be key part of Singapore's new trade agreement

November 20, 2002

SINGAPORE -- American banks will gain greater access to Singapore's retail banking sector under the terms of the Free Trade Agreement (FTA) thrashed out this…

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More Indian banks agree to share ATMs

November 19, 2002

MUMBAI, India -- UTI Bank and Karur Vysya Bank have signed a memorandum of understanding for sharing ATMs in India, the third such arrangement by the former…

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CIBC shuts down U.S. supermarket banking

November 17, 2002

TORONTO -- Canadian Imperial Bank of Commerce (CIBC) says it is closing its U.S. electronic banking operations, CIBC National Bank and Amicus FSB, subject to…

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ATM surcharges, foreign fees rise

November 7, 2002

NORTH PALM BEACH, Fla. -- According to Bankrate.com, which researches bank fees every 6 months, the average surcharge levied by traditional banks when…

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Qatar Islamic Bank expands its ATM network

November 6, 2002

QATAR-- Qatar Islamic Bank (QIB) and NCR Corporation are partnering to deploy an ATM network in then tiny Arab country.

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Nextran targeting credit unions

by

November 3, 2002

With retailers, transaction processors and others jumping into the deployment fray along with the more traditional banks and ISOs, it's hard to believe that…

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Australian City Council considering ATM tax

November 3, 2002

SYDNEY -- The Bathurst City Council is considering a plan to charge every bank, credit union and building society $5,000 a year for any ATM which is accessed…

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WFS, Infonox to demo end-to-end deposit automation at RDS

November 3, 2002

MOSINEE, Wis. & SANTA CLARA, Calif. -- Wausau Financial Systems (WFS) and Infonox have partnered to provide an ATM deposit solution for community banks…

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NCR's APTRA, used in Fleet deployment, showcased at RDS

November 3, 2002

ATLANTA -- Behind the scenes of FleetBoston Financial's recent deployment of advanced ATMs in New York City, and coming soon to Boston, is a software…

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BofA giving up on Calif. computer conversion -- for now

October 31, 2002

CHARLOTTE, N.C. -- Fearing glitches that could irritate customers, Bank of America is abandoning efforts to convert its California computer system to the one…

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Standard Chartered is 1st bank to collect ATM fees in Uganda

October 30, 2002

UGANDA -- Standard Chartered Bank has become the first financial institution in Uganda to charge customers for ATM services, according to a report on…

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Malaysian bank to spend $10M on ATM upgrade to accept chip cards

October 30, 2002

KUALA LUMPUR, Malaysia -- Bumiputra-Commerce Bhd (BCB) has allocated 40 million Malaysian ringgits (about $10.5 million U.S.) to upgrade its ATM system and…

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Early adopters share tech triumphs, travails

October 29, 2002

Audio-enabled ATMs, wireless telecommunications and Web applications were covered in several tech-oriented presentations at the recent ATM & Debit Forum in…

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BofA's audio ATMs hablan Espanol

October 28, 2002

CHARLOTTE, N.C. -- Bank of America says it has installed more than 300 bilingual audio-enabled ATMs in Florida, as part of its previously announced plan to…

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Santa Monica, San Francisco lose appeal on surcharge bans

October 27, 2002

SAN FRANCISCO -- A federal appeals court on Oct. 25 threw out two California municipal bans on ATM surcharges collected by banks, saying local law takes a back…

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Euronet in ATM shared access deal with Polish bank

October 23, 2002

LEAWOOD, Kansas and WARSAW, Poland -- Borrowing an idea from American ISOs like Access Cash and Momentum Cash Systems which offer surcharge-free access to…

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PNC deal with Penn State includes ATMs

October 22, 2002

PITTSBURGH, Penn. -- PNC Bank has struck a deal with Penn State University to offer students and faculty ID cards that also function as ATM/debit cards…

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State Bank of India in midst of ATM upgrade; to add debit function to cards

October 20, 2002

CHENNAI, India -- State Bank of India will upgrade all of its ATM cards to include a debit function by the middle of December, according to a report in the…

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Amicus seeks capital to stay afloat; 'clicks and mortar' approach sinks in U.S.

October 13, 2002

TORONTO -- It may be do-or-die time for the financially troubled Amicus Bank, the Canadian Imperial Bank of Commerce's plan to expand into the U.S. largely by…

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