Visa, Mastercard will pay $197 million in ATM fee lawsuit

May 31, 2024

Visa and Mastercard both agreed to pay $197 million in a class action lawsuit regarding ATM fees. This lawsuit covers customers who withdrew cash from bank…

Bethpage Federal Credit Union selects Scienaptic for credit underwriting

May 31, 2024

Bethpage Federal Credit Union, based in New York, selected Scienaptic for its credit decisioning platform. With this tool, the union aims to deliver…

Payment Testing: The High Cost of Low-Quality Data

Financial transaction messages must be correctly formed, parsed, processed, and contain accurate data. Read why low-quality data comes with a high cost.

GoldATM intros online store

May 28, 2024

GoldATM, a dispenser of Goldback bills, opened its e-commerce store, called Autm. The Goldback bills are made of pure 24-carat gold and customers can purchase…

Chase boosts Closing Guarantee to $20K

May 23, 2024

JPMorgan Chase Home Lending has increased its Closing Guarantee for homebuyers from $5,000 to $20,000. The bank gives this money to customers if it cannot…

FIS upgrades mobile banking app

May 22, 2024

FIS, a fintech company, introduced FIS Digital One Flex Mobile 6.0 mobile banking app. With this app, customers can bank online or mobile with a simplified…

Citi ATM fee waiving policy for minority-owned banks leads to lawsuit

May 21, 2024

A group of Florida customers have entered a lawsuit against Citigroup for allegedly charging out-of-network fees at Citi ATMs for white customers. The lawsuit…

Rome to offer contactless transit payments to UnionPay cardholders

May 20, 2024

Rome will offer contactless payment services for its transit services to UnionPay cardholders. The service is available through Nexi, an Italian payments…

Western Union to resume service between US, Cuba

May 14, 2024

Western Union resumed service between the U.S. and Cuba through its processing partner Orbit S.A. Customers can send money to Cuba from any U.S. retail…

Bankart to migrate payment services to Diebold Nixdorf's platform

May 13, 2024

Bankart, a payment processing company in Slovenia, plans to migrate its payment services to Diebold Nixdorf's Vynamic Transaction Middleware. This will replace…

7-Eleven expands ATM partnership with FCTI

May 10, 2024

FCTI Inc., an ATM solutions provider, expanded its partnership with 7-Eleven to continue operating its ATMs and provide additional retail financial services.

Regions Bank now servicing real estate capital markets loans

May 9, 2024

Regions Bank's Real Estate Capital Markets division is now servicing its loans, which include Fannie Mae Delegated Underwriting and Servicing Conventional and…

NCR Voyix releases 2024 Q1 results

May 9, 2024

NCR Voyix Corp. reported its financial results for the first quarter of 2024. It saw a GAAP revenue of $862 million, down from $916 million year-over-year, and…

Varo Bank survey finds inflation leading to 89% of customers using credit cards for essentials

May 8, 2024

Varo Bank released a study through Morning Consultant that found that 89% of customers rely on credit cards for essential purposes. The report surveyed U.S.

Zero Circle partners with Epic River for green financing

May 8, 2024

Epic River, a lending-as-a-service platform provider, partnered with Zero Circle, a green finance marketplace, to integrate their digital platforms. With this…

Fed to keep rates steady due to decreasing banking loans

May 7, 2024

U.S. banks saw a decrease in demand for industrial loans and household credit in the first quarter of 2024, according to data from a Federal Reserve survey.

Remittance market to grow by $38.2B

May 6, 2024

The global remittance market is expected to grow by $38.2 billion from 2023 to 2027, according to research from Technavio. It will also grow at a compound…

Allied Payment Network appoints VP

May 6, 2024

Allied Payment Network Inc., an open-network payments solutions provider for banks, appointed Arlington Wade as VP of sales for the West region. Prior to…

Diebold Nixdorf appoints CFO

May 1, 2024

Diebold Nixdorf recently appointed Thomas Timko as EVP and CFO. In this role, he will handle Diebold Nixdorf's financial strategies and performance, according…

Rethinking card issuing in an age of fintech disruption

Banks face challenges in modernizing card issuing to keep up with new competitors. Fintech disruptors and evolving consumer preferences could affect existing…