Bank / Credit Union News

Infovisa expands partnership with Fifth Third

October 12, 2022

Fifth Third Institutional Services, a division of Fifth Third Bank, has expanded its partnership with Infovisa, a fintech solutions provider. Through the…

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BOK Financial sues ATM manufacturer for $7.3M in losses from hackers

October 12, 2022

BOK Financial/TransFund, based in Tulsa, Oklahoma, is suing Hyosung America Inc. for allegedly selling it defective ATMs. The financial institution claims it…

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Bank of America expands payments to euro

October 12, 2022

Bank of America's payments solution, Pay by Back, is now available for euro transactions through a partnership with Banked Ltd. The open banking platform…

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Former Fed chairman wins Nobel Prize for bank research

October 11, 2022

Ben Bernanke, former chairman of the Federal Reserve, has won a Nobel Prize in Economics alongside economists Douglas Diamond and Philip Dybvig for research on…

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Quaint Oak Bank to boost lending strategy with automated tools

October 7, 2022

Quaint Oak Bank, based in Pennsylvania, has partnered with Teslar to improve its commercial lending strategy. The bank will utilize Teslar's automated workflow…

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Chase partners with DoorDash, Mastercard to launch credit card

October 7, 2022

JPMorgan Chase has partnered with DoorDash to launch a credit card, with Mastercard acting as the exclusive payments network. This DoorDash Rewards Mastercard…

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SECU to spread kindness with campaign

October 6, 2022

SECU, a Maryland-based credit union, has launched its third annual Kindness Connects, a kindess campaign that runs through October. It aims to deliver 250,00…

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Banc of California to acquire Global Payroll Gateway

October 5, 2022

Banc of California Inc., the parent company of Banc of California N.A., has acquired Global Payroll Gateway Inc. and its subsidiary Deepstack Technologies LLC…

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University Credit Union partners with UC San Diego on student financial services

October 5, 2022

University Credit Union has partnered with UC San Diego to provide students, alumni and retirees access to financial services. The credit union will offer…

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Bank of America intros QR sign-in for payments platform

October 4, 2022

Bank of America has introduced QR sign-in for its CashPro payments app. With the service, the bank's 500,000 CashPro users can access payments, cash management…

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Credit Suisse hits record low stock prices following scandals

October 4, 2022

Credit Suisse took a major hit to its stock price Monday as it hit a record low of $3.64. The drop was due to market concerns over the bank, particularly after…

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Nedbank joins metaverse

October 3, 2022

Nedbank Group, a large financial services company in Africa, has partnered with Africarare, an African metaverse provider, to purchase a 12x12 village in…

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KeyBank updates consumer lending

September 30, 2022

KeyBank has partnered with Oracle to update its non-real estate consumer lending process. The bank will use Oracle Banking Originations to service loan…

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Maryland Terrapins selects SECU as official banking partner

September 30, 2022

The Maryland Terrapins, a NCAA football team, has named SECU, a Maryland-chartered credit union, as its official banking partner. Through the partnership, SECU…

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Fifth Third Bank intros service for mortgage bankers

September 29, 2022

Fifth Third Bank has launched Mortgage Warehouse Finance to support independent mortgage bankers. The service will originate or aggregate residential mortgage…

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Bank of America study reveals financial wellness tools reduce employee attrition

September 29, 2022

A majority of employers, 84%, report financial wellness tools can reduce attrition and 81% said the tools attract better employees, according to Bank of…

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Citizens to support wind power to match power consumption

September 28, 2022

Citizens Financial Group Inc. has entered a power purchase agreement with Orsted, a renewable energy product provider, to construct the Sunflower Wind Project…

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KeyBank intros services to help clients avoid overdraft fees

September 28, 2022

KeyBank has introduced its Key Coverage Zone, which will eliminate overdraft fees for customers that overdraw their accounts by $20 or less. In addition, the…

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Big banks hit with $1.8B fine for private messaging

September 28, 2022

The Securities and Exchange Commission has levied a dozen financial institutions with a $1.8 billion fine for allowing employees to use messaging apps to…

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Webinar to analyze 2022 ATM, self-service software trends

September 27, 2022

ATM Marketplace and KAL ATM Software have partnered for the 15th consecutive year to create the 2022 ATM and self-service software trends and analysis report.

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