Payments News & Media

Bank customers report rise in sudden account closures

July 18, 2023

Many bank customers are reporting their accounts are being shut down without warning, and when they attempt to get an explanation, they have little success.

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Connectbase purchases $16M debt facility from Silicon Valley Bank

July 18, 2023

Connectbase, a cloud connectivity provider, has purchased a $16 million debit facility from Silicon Valley Bank. With this facility, it aims to expand its…

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Temenos delivers payments hub to Convera

July 18, 2023

Temenos, an open platform banking solutions provider, has partnered with Convera, a non-bank B2B payments provider, to provide its software-as-a-service…

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Diebold Nixdorf establishes post-bankruptcy reorganization plan

July 14, 2023

The U.S. Bankruptcy Court in the Southern District of Texas has confirmed Diebold Nixdorf's reorganization plan of debt restructuring process, following its…

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KeyBank intros home ownership credit program

July 14, 2023

KeyBank has introduced its third special purpose credit program, called KeyBank Neighbors First Credit, which provides up to $5,000 to help home buyers…

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Founder of defunct crypto exchange Celsius Network arrested

July 13, 2023

Authorities have arrested Alexander Mashinsky, founder of defunct cryptocurrency exchange Celsius Network, on charges of misrepresenting the organization's…

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Bank of Baroda intros electronic bank guarantee

July 13, 2023

Bank of Baroda, an Indian bank, has introduced Electroc Bank Gurantee on its digital BarodaINSTA platform through a partnership with National E-Governance…

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Bank of America fined for more than $250M for fake accounts, junk fees

July 12, 2023

The Consumer Financial Protection Bureau has ordered Bank of America to pay more than $250 million in fines and customer refunds for a variety of violations…

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Member Access Processing to offer loyalty rewards

July 12, 2023

Member Access Processing, a prepaid, Visa DPS, debit, credit, ATM and mobile processing platform for credit unions, has added ampliFI Loyalty Solution's…

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ATM industry urges Congress to take action on Safe Access to Cash bill

by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator

Following high profile deadly shootings at ATMs, the industry is calling on Congress to act to protect access to cash.

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Seattle's county seat passes cashless ban

July 11, 2023

The King County Council in Washington has voted to require businesses in unincorporated parts of the county to accept cash of up to $200. In the state, 2% of…

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Slide Insurance raises $35M to build credit facility with Regions Bank

July 11, 2023

Slide Insurance, an insurtech company, has raised $35 million to build a senior credit facility with Regions Bank in Tampa, Florida, according to a press…

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Michigan police on lookout for ATM card skimmer suspect

July 10, 2023

Police in Dearborn, Michigan are asking the community for help to identify a suspect who allegedly has installed skimming devices on ATMs to steal personal and…

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Cash logistics market to grow by $20B with ATMs leading the way

July 7, 2023

The cash logistics market will grow by $20.26 billion from 2022 to 2027 at a compound annual growth rate of 10.16%, according to research from…

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Bitcoin Depot completes business combination, begins public trading

July 5, 2023

Lux Vending LLC, operating under the name Bitcoin Depot, and GSR II Meteora Acquisition Corp. have closed on a business combination and will be renamed Bitcoin…

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Chase expands grant program to Hispanic, Black communities

July 3, 2023

JPMorgan Chase Home Lending has expanded its $5,000 Homebuyer Grant Program for additional Hispanic and Black Communities in 16 markets. This grant is designed…

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Newzip partners with Apple Federal Credit Union to deliver improved mortgage experience

June 30, 2023

Newzip, a real estate solutions provider, has partnered with Apple Federal Credit Union, based in Virginia, to deliver its agent matching and cash reward…

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Banks pass Fed stress test

June 30, 2023

The Federal Reserve ran a stress test on 23 U.S. banks and all passed. The test assesses if banks would have enough capital to absorb losses and continue…

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Westpac to adjust ATM withdrawal limits

June 29, 2023

Westpac, a bank based in Australia, announced it will allow customers to set a cash withdrawal limit on their cards above or below $1,000 with a maximum of…

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Xerof intros $100M bitcoin active managed certificate

June 29, 2023

Xerof, a Swiss cryptoasset financial services company, has introduced bitcoin-backed active managed certificates. With these certificates, users can invest…

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