Digital Banking News & Media

Pandemic hurt UK ATM, cash use

August 13, 2020

U.K. ATM transactions fell 62% annually at the start of the coronavirus lockdown as customers transitioned to digital banking transactions.

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COVID-19 driving increase in digital payments in Singapore

August 12, 2020

Singapore residents are increasingly adopting digital payments due to the COVID-19 pandemic, according to a GlobalData report. The report estimates total card…

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National Bank of Oman offers cardless ATM transactions

August 11, 2020

To meet the needs and concerns of its customers in the Middle East, the National Bank of Oman has added cardless ATM transactions to its digital banking and…

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Germany orders all unauthorized bitcoin ATMs to cease operation

August 10, 2020

A crackdown on all unauthorized and unlicensed bitcoin ATMs is underway by Germany's Federal Financial Supervisory Authority, or BaFin, the agency responsible…

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BoA glitch deletes customers' account balances

August 6, 2020

Several Bank of America customers in North Carolina were shocked Wednesday when their accounts showed a $0 balance. Multiple customers tried reaching out to…

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PayPal hires Wells Fargo’s SVP Peggy Mangot for venture capital team

August 5, 2020

PayPal has hired Peggy Mangot, a Wells Fargo former senior vice president, to its venture capital team.

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Payment speed top of mind for business owners

August 5, 2020

Although small business owners have increased their technology spend in the past two years, 39% said they still spent at least five hours per week dealing with…

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DBS tests SingPass, facial recognition for ID verification

August 3, 2020

Singapore-based DBS Bank Ltd. is working with Singapore's Government Technology Agency to begin testing the SingPass face verification technology system which…

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Groundbreaking research to be presented at Self-Service Innovation Virtual Summit

July 28, 2020

E.J. Kritz How can self-service meet changing customer needs?

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PayPal-backed Raise Marketplace launches Slide

July 27, 2020

Raise Marketplace, a Chicago-based firm that offers the Raise gift card app, has launched Slide, a new mobile payments app with a 4% rewards feature and an…

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TNS offers retailers EMV compliant connectivity solutions

July 27, 2020

With card schemes on board with the new April 2021 deadline for EMV compliance, convenience retailers can get more out of their automated fuel dispenser…

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UMB targets fintechs for its ‘Banking as a Service'

July 24, 2020

UMB Bank, a subsidiary of UMB Financial Corp. is launching a phased approach to its Banking as a Service program which targets fintechs throughout the U.S.

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Orange launches digital banking in Ivory Coast

July 24, 2020

Orange, a French telecommunications provider, is launching its mobile banking operations on the Ivory Coast, making it the third country after France and Spain…

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Citcon to offer plug-ins connecting merchants with Alipay, WeChat Pay, UnionPay

July 24, 2020

Citcon, a Santa Clara, California-based payments platform that helps merchants accept mobile wallets, will introduce a set of plug-ins built for e-commerce…

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Samsung officially launches co-branded SoFi account

July 23, 2020

Samsung Electronics America Inc. said that U.S. consumers can now officially sign up and join Samsung Money by SoFi, a mobile money management account launched…

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'Superman29’ pleads guilty to laundering millions using bitcoin ATMs

July 23, 2020

Kais Mohammad, aka "Superman29," will plead guilty to federal charges of money laundering, operating an unlicensed money transmitting business and failure to…

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Alipay parent unveils AntChain as new blockchain brand

July 23, 2020

Ant Group, the parent firm of mobile wallet Alipay, has unveiled a new brand identity for its blockchain-based technology called AntChain. The brand will also…

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Traditional vs. frictionless payments: Will customers trade security for convenience?

by Pat Shea — Editor, Networld Media

Since the start of the COVID-19 pandemic, most traditional ATM and bank branch customers, especially those who never shopped online before, turned to online…

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Goldman’s Marcus bank offers customers a digital future

July 17, 2020

Goldman Sachs' startup consumer bank, Marcus, named after the firm's cofounder, has seen an increase in digital-only banking during the coronavirus crisis…

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Regions Bank updates mobile app

July 16, 2020

Regions Bank has updated its mobile banking app to improve functionality and support more than 1.85 million of its customers that bank on-the-go using the app…

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