Digital Banking News
Treasury to forgive PPP loans in response to borrower complaints
September 30, 2020
The U.S. Treasury Department will begin forgiving loans to small business owners under the Paycheck Protection Program in response to complaints from borrowers…
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IDFC First Bank to launch contactless debit card payment app
September 25, 2020
IDFC First Bank is launching Safepay, a digital app that allows contactless debit card payment by waving a smartphone against a Near Field…
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Dolphin Debit to manage Pennsylvania credit unions' ATMs
September 24, 2020
Benchmark Federal Credit Union and Inspire Federal Credit Union, both based in Bucks County, Pennsylvania, have chosen Dolphin Debit to manage the daily…
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PayPal Business Debit Mastercard expands European market reach
September 24, 2020
PayPal and Mastercard will continue the global expansion of its PayPal Business Debit Mastercard.
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ICBA Bancard launches guide to help community banks
September 15, 2020
ICBA Bancard, a payments services subsidiary of the Independent Community Bankers of America, is launching an ICBA Bancard Digital Payments Strategy Guide …
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Digital yuan poses challenge to China’s ATM industry
September 15, 2020
The digital yuan is coming to China and, in preparation, the country is revamping older ATMs or replacing them with 'smart terminals' to be compatible with the…
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Germany cracks down on Bitcoin ATM regulations
September 14, 2020
Blockchain regulation in Germany continues to increase, and now Bitcoin ATMs require regulatory approval before they are allowed to operate, according to a…
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Partnership makes trip planning, paying easier Ohio to KY
September 9, 2020
Transit passengers can now plan, pay and ride from Ohio to Kentucky using a mobile app, thanks to a partnership between Moovit, NEORide and Masabi, a fare…
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PNC, Visa release B2C "Direct to Debit" card
September 3, 2020
PC Treasury Management is expandingits payment offerings to include "Direct to debit" card or push payment service. This option routes payments directly to…
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LamasaTech releases APIs to allow integration with its Zentron temperature range
September 3, 2020
LamasaTech has unveiled the first beta release of its APIs which allow powerful integration with its Zentron temperature kiosk range, according to a press…
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SBI introduces doorstep ATM service
August 25, 2020
The State Bank of India is debuting a mobile facility it's calling "the doorstep ATM" to service customers at home, especially the elderly and those with…
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Bank of America Mobile app gives customer $2.45 Billion
August 24, 2020
A Bank of America customer in Massachusetts checked his account to discover the bank had made a serious error and deposited $2.45 billion into his account. The…
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Kotak Mahindra Bank launches cardless cash withdrawal
August 24, 2020
Kotak Mahindra Bank of India is launching cardless cash withdrawal through its ATMs.
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US Bank launches BMW credit cards
August 21, 2020
BMW aficionados can show brand loyalty and earn accelerated rewards for purchases made with one of four BMW Mastercards from U.S. Bank, including: BMW World…
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Moov Financial raises $5.5m for open source banking platform
August 19, 2020
Moov Financial, the Iowa-based startup that creates open-source infrastructure making it is easier for businesses to send, receive and store money for their…
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Bitcoin ATM thieves stole $30K, apprehended by Hong Kong authorities
August 17, 2020
Three men have been taken into custody in Hong Kong for allegedly stealing $226,000 (U.S. $30,000) in Hong Kong dollars from six Bitcoin ATMs. The cash was…
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Justice department seizes terrorist cryptocurrency accounts
August 14, 2020
The Justice Department announced it has seized the largest amount of cryptocurrency funded by terrorists.
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Japanese consumers shift from cash preference to electronic payments
August 14, 2020
During the height of the coronavirus pandemic, Japan saw a digital growth shift in consumer spending from cash to card payments, according to a press release.
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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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