Brink's acquires non-branch ATMs from AIB

February 28, 2020

Brink's has agreed to buy more than 500 remote ATMs from Allied Irish Bank. The agreement comes about a month after AIB and Bank of Ireland put their…

Lloyds Bank cutting 780 jobs as consumers shun branches

February 27, 2020

Lloyds Banking Group is slashing 780 jobs as the U.K. financial institution faces an industry wide shift of customers moving away from in-person branch visits…

Virgin Money to slash 500 jobs, consolidate or close 52 branches

February 27, 2020

Virgin Money will slash 500 jobs and also close 22 branches outright and consolidate another 30 branches into another nearby Clydesdale Bank/Yorkshire Bank or…

Brink's acquires majority of G4S cash operations for $860M

February 26, 2020

Brink's, the world's leading cash management company, is buying a majority of the cash operations of G4S, the U.K.-based security and cash management firm, for…

Loomis acquires Finnish ATM, cash-handing firm

February 26, 2020

Loomis AB acquired Finnish cash management and ATM firm Automatia Pankkiautomattit Oy (Automatia) for 42 million euros ($45.6 million), which includes…

Branchserv, COCC provide dual-host ITMs for banks, credit unions

February 25, 2020

BranchServ, a division of Custom Vault Corp., has partnered with financial technology firm COCC, to launch a transformational automation solution for community…

Fiserv sees surge in bank, credit union participation in Turnkey Service for Zelle

February 24, 2020

Fiserv Inc. said that almost 600 banks and credit unions have joined P2P money transfer services through its Turnkey Service for Zelle business, with more than…

Capterra study shows most UK freelancers, small businesses would consider digital bank

February 21, 2020

Capterra released a study showing that 90% of small businesses and freelancers in the U.K. currently using a traditional bank would consider switching to a…

CLS coin recycler gets first certification for use with Nexus

February 21, 2020

Crane Payment Innovations, a unit of Crane Co., announced the integration of its CLS coin recycler on the Nexus Evolution product suite from Nexus Software. It…

ACI Worldwide enters ATM management deal with Ecuador's Banco Internacional

February 20, 2020

ACI Worldwide has announced that Banco Internacional, one of Ecuador's largest banks for commercial and credit placement, will support the management of its…

Fidelity spins off Akoya to boost consumer control over finance data

February 20, 2020

FMR LLC, the parent of Fidelity Investments, is spinning off financial data firm Akoya into a company that will be jointly owned by Fidelity, The Clearing…

Red River partners with CO-OP Financial on processing, ATMs ahead of services rollout

February 19, 2020

Red River Credit Union has partnered with CO-OP Financial Services for debit and full-service credit processing and participation in the CO-OP ATM network. 

Level launches high interest banking app

February 19, 2020

Level, a San Francisco-based neobank startup, has launched with an industry leading 2.1% APY and cashback debit card, marking the latest entry in the growing…

Pelican State Credit Union outsources ATMs to Dolphin

February 18, 2020

Baton Rouge-based Pelican State Credit Union is outsourcing the management of its ATMs to Dolphin Debit, a privately held company with principal offices in…

LendingClub to buy Radius for $185M in historic deal

February 18, 2020

LendingClub Corp. agreed to buy Radius Bancorp, which includes its digital subsidiary Radius Bank, for $185 million in cash and stock, marking the first time a…

ABN Amro, DXC invest in digital banking software startup Fenergo

February 13, 2020

N26 to close UK operations following Brexit

February 13, 2020

N26, a Berlin-based challenger bank, is pulling up stakes from the U.K. after that country finalized plans to withdraw from the European Union under Brexit. 

Model9 raises $9M in funding led by Intel Capital

February 12, 2020

Model9, a firm that provides data management for mainframe computers, has raised $9 million in Series A funding, led by Intel Capital, with participation from…

Varo Money gains historic regulatory approval from FDIC

by David Jones — Editor, Networld Media Group

February 11, 2020

San Francisco-based Varo Money Inc. has gained final approval from the Federal Deposit Insurance Corp. to obtain deposit insurance, marking a historic step on…

Contactless payments tripling by 2024

February 11, 2020

Juniper Research reports that contactless payments will triple to $6 trillion worldwide by 2024, from about $2 trillion this year, as OEM mobile wallet…