Bank / Credit Union News
USA Technologies names general counsel and interim CFO
July 6, 2020
USA Technologies, a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, has named…
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PPP loan application extended to August pending president’s approval
July 2, 2020
Companies that haven't taken advantage of the Paycheck Protection Program are likely to have until Aug. 8 to apply, thanks to a Senate vote to extend the…
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Madeline McWhinney, first female Fed Reserve Bank officer, dies at 98
July 2, 2020
Madeline McWhinney, who served as the first female officer of the Federal Reserve Bank in 1960, has died at the age of 98 at home in Red Bank, New Jersey.
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Hyosung America launches new ATM distribution model
July 1, 2020
Hyosung America, the largest provider of ATMs in the U.S. market, has launched a new distribution model to better serve regional and community banks and credit…
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Wirecard banks left holding a $1.8 billion bag
June 26, 2020
Wirecard AG's main banks are facing the loss of $1.8 billion in loans to the scandal-plagued fintech after it started insolvency proceedings this week.
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PSCU reports debit spend is up, credit spend is down
June 26, 2020
Consumer credit card spending was down 6.7% year-over-year, impacted by the coronavirus pandemic, but consumer debit card spending was up nearly 13…
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RBI committee seeks increase in ATM charges
June 25, 2020
The Reserve Bank of India committee is recommending capping ATM cash withdrawals to ₹5,000 ($66) and levy charges for any larger amounts according to a…
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Scotland’s ATM use declined most in UK during pandemic
June 24, 2020
Cash withdrawals via ATMs in Scotland's Glasgow city fell 82% during the coronavirus pandemic which is more than anywhere else in the U.K., with the exception…
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DCR Strategies expands ATM access, deletes fees
June 23, 2020
DCR Strategies Inc./TruCash cardholders, and TruCash affiliated corporate partners with a Visa prepaid card, can now access 8,000 white label no-fee ATMs in…
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Alabama's Regions Bank closing in observance of Juneteenth
June 18, 2020
Regions Bank will close its offices at 2 p.m. local time Friday, June 19 in observance of Juneteenth, the day slavery actually ended in 1865, according to a…
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Travelex withdraws from sale process amid weak offers
June 16, 2020
Travelex Holdings Ltd. said in a regulatory filing in London that it has withdrawn offers to sell the Travelex Group saying that offers made during the second…
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More cuts planned for Germany's Commerzbank
June 15, 2020
More branch closings and staff cuts are planned for Germany's Commerzbank after cutting thousands of jobs last year. The bank plans to discuss "considerably…
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DCBank to provide kiosks to dispense prepaid Mastercards
June 9, 2020
XTM Inc., a provider of mobile banking and payment solutions, has signed an agreement with DCBank to provide an instantly activated and loaded prepaid…
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Taiwan’s stimulus voucher converted to cash via ATMs
June 9, 2020
Taiwan citizens and foreigners with Alien Resident Certificates are receiving stimulus vouchers by July 15.
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JPMorgan Chase CEO takes a knee with staff
June 8, 2020
Jamie Dimon, the 63-year-old CEO of JPMorgan Chase, casually dropped by the Mt. Kisco, N.Y., Chase branch, surprising staffers and congratulating them on…
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Shift4Payments prices IPO above range at $23 a share
June 5, 2020
Shift4Payments Inc. announced the pricing of an initial public offering of 15 million shares of Class A common stock at $23 a share, which was above the…
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Senate approves bill to ease restrictions on emergency small business loans
June 4, 2020
The U.S. Senate passed a bill Wednesday to ease restrictions on emergency small business loans to prevent mass layoffs during the coronavirus pandemic, sending…
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White label ATM services to expand in Bangladesh
June 1, 2020
The Bangladesh Bank has issued guidelines for white label ATMs and white label merchant acquiring services to help spread banking services across the country…
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BOA CEO: 'US economy starting to recover'
May 29, 2020
Bank of America CEO Brian Moynihan told CNBC’s Squawk Box co-host Becky Quick Thursday that the economy is beginning to recover from the coronavirus pandemic.
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ATMs decline in China, increase globally
May 28, 2020
The number of ATMs worldwide slightly declined in 2019, primarily in China, which was due to increasing competition from cashless payments, according to RBR…
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In business for more than three decades, Lock America, Inc. of Corona,CA develops, manufactures and markets high security locks for various industries, including amusement, gaming, information management, fuel distribution and self-storage.
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