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Bank / Credit Union News

Making money move

January 3, 2002

As with several other advanced function transactions, 7-Eleven is paving the way for money transfer via the ATM by offering the service at its Vcom units.

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NCR to provide ATMs with cash acceptance to French bank

January 2, 2002

PARIS -- NCR Corporation (NYSE: NCR) will provide 200 NCR Personas 73 ATMs for deployment at Credit Agricole Centre Est branches in the Lyon area. The regional…

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NY animal rights activists target ATMs

January 2, 2002

NEW YORK -- Customers of the Bank of New York got a sticky surprise on June 13 when they tried to withdraw cash from ATMs -- the card slots were jammed with…

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First Data acquires majority interest in NYCE

January 2, 2002

DENVER -- First Data Corp. (NYSE: FDC) will take a 60-65 percent equity interest in the NYCE Corporation, owner of the NYCE electronic funds transfer network.

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Union Bank of India to open 50 ATMs

January 2, 2002

NAGPUR, India -- Union Bank of India (UBI) plans to open 50 ATMs across the country this year to compete with both nationalized and private sector banks…

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French bank joins new Global ATM Alliance

January 2, 2002

CHARLOTTE, N.C.  -- The French bank BNP Paribas will join Bank of America, Barclays, Deutsche Bank/Deutsche Bank 24, Scotiabank and Westpac in a Global ATM…

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Thai banks in dicussions to consolidate EFT services

January 2, 2002

BANGKOK -- Pramote Chalamporn, first senior vice-president of Thai Farmers Bank, said that commercial banks would probably form joint ventures in EFT…

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FTC clears Wachovia acquisition

January 1, 2002

CHARLOTTE, N.C. -- Federal antitrust regulators have cleared First Union Corp.'s proposed $13.3 billion acquisition of Wachovia Corp., one of several hurdles…

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Nationwide to update ATMs with cash acceptance, check imaging

January 1, 2002

LONDON -- Nationwide, the world's largest building society, will become the first UK financial services provider to offer advanced cash and check deposit at…

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Wireless Ventures finalizes agreement to acquire 4Cash ATM Services

January 1, 2002

NEW YORK -- Wireless Ventures Inc., a Delaware corporation whose shares are quoted on the NASD's Over-The-Counter Bulletin Board under the symbol WLSV says it…

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Bank merger creates Michigan's largest ATM network

January 1, 2002

TROY, Mich. -- When Standard Federal Bank and Michigan National Bank merge operations under the name Standard Federal Bank N.A. this fall, customers of the…

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Greenland signs manufacturing agreement with California Chassis

January 1, 2002

CARLSBAD, Calif. -- Greenland Corp. (OTC Bulletin Board: GLCP) has signed an exclusive manufacturing and assembly agreement with Southern California-based…

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Washington Mutual to acquire Dime Bancorp

January 1, 2002

SEATTLE -- Washington Mutual Inc., the nation's largest thrift, is buying Dime Bancorp Inc. for $5.2 billion in a bid to establish a foothold in the lucrative…

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Bank One kills Wingspan

January 1, 2002

CHICAGO -- Bank One Corp., the fourth-largest U.S. bank, on June 28 killed its Internet-only subsidiary WingspanBank.com after the unit failed to produce the…

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E*TRADE Access signs agreement with Postal Business Center Network

January 1, 2002

NEW YORK -- The Postal Business Center Network, a subsidiary of Universal Express, Inc., has signed an agreement with E*TRADE Access Inc., a wholly-owned…

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ATMs fees part of British Post Office plan

December 30, 2001

LONDON -- The Post Office in the UK is planning to introduce ATMs in thousands of branches across the country and charge customers for using them, according to…

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Bank boss loses pride, not money, in ATM theft

December 30, 2001

EDINBURGH, Scotland -- Sir George Mathewson, the multi-millionaire chairman of the Royal Bank of Scotland, fell for one of the oldest scams in the book at one…

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Citibank abandons bill payment at the ATM in favor of the PC

December 30, 2001

NEW YORK -- Citibank customers will no longer be able to pay bills at ATMs as of Sept. 3, according to a New York Post report. Citi's 1.5 million-plus…

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E*TRADE Bank acquires Advanta accounts

December 30, 2001

ARLINGTON, Va. -- E*TRADE Bank, a wholly-owned subsidiary of E*TRADE Group, Inc. (NYSE: ET) and the nation's largest pure-play Internet bank, has acquired more…

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Sony Bank has successful 1st month

December 30, 2001

TOKYO -- Japan's new Internet-based Sony Bank has gained some 21,000 accounts in its first month of operations due largely to the 'strength of the Sony brand,…

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