Payments News
SEC approves bitcoin ETFs
January 11, 2024
The Securities and Exchange Commission officially approved 11 bitcoin exchange traded funds. This occurred despite the fact that an unknown individual hacked…
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Diebold Nixdorf to relocate Ohio headquarters
January 10, 2024
Diebold Nixdorf Inc. will be leaving its Hudson, Ohio, headquarters and consolidating its Northeast Ohio employees in North Canton, according to a…
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Mortgage loan subservicer Cenlar appoints four VPs
January 10, 2024
Cenlar FSB, a mortgage loan subservicer, made multiple VP appointments including Shanth Anathuni to VP of digital transformation, Dana Cifelli to VP of…
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Bitcoin ETF managers await SEC ruling, following social media hack
January 10, 2024
Asset managers are hopeful that the Securities and Exchange Commission will approve trading of bitcoin exchanged-traded funds. However, on Jan. 9, someone…
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FusionIQ partners with Kinecta Federal Credit Union for investment services
January 9, 2024
FusionIQ, a cloud-based wealth management solutions provider, partnered with Kinecta Federal Credit Union to deliver its FusionIQ One platform for investment…
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Ex-police officer makes $12M with ATM side business
January 5, 2024
Paul Alex, a former police officer in San Francisco, made $12 million dollars after starting an ATM side job in 2018. He first entered this space after…
read nowCFG Bank gains $125M investment
January 4, 2024
Capital Funding Bancorp Inc., the holding company for CFG Bank based in Baltimore, gained a $125 million investment form J.C. Flowers & Co. LLC, a private…
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Bitcoin ATMs down by 11% year-over-year
January 2, 2024
Bitcoin ATMs have declined by 11.1% year-over-year. On Jan. 1st, 2024, the total number of bitcoin ATMs stood at 33,638, down from 37,827 on Jan. 1 2023…
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Bitcoin ATM operator Margo gains $16M in funds
January 2, 2024
Chicago Atlantic delivered a $16 million secured term loan to Margo, a cryptocurrency ATM operator. With this investment, Margo will expand its bitcoin ATM…
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Philadelphia transit to stop accepting payment tokens in January
December 29, 2023
Philadelphia buses and trolleys will no longer accept payment tokens on Jan. 1, when users will be required to pay with "travel wallets," according to a…
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Unionpay partners with Trip.com to offer payments options for travelers
December 29, 2023
Unionpay International partnered with Trip.com, an online travel agency, to provide improved payment options for Unionpay cardholders. Unionpay online payment…
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Chase to offer 5% cash back at grocery stores through Freedom card
December 28, 2023
Chase Freedom announced its Freedom and Freedom Flex cardholders will now gain 5% cash back at select grocery stores, gyms and spas as part of its category…
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Unionpay International selects BankservAfrica for South African card payments
December 27, 2023
Unionpay International selected BankservAfrica, a payments clearing house in Africa, as its domestic processor for card payments in South Africa.
read nowCrypto firm Byte Federal expands into Australia
December 22, 2023
Byte Federal Inc., a cryptocurrency services company, has launched Byte Federal Australia to provide bitcoin ATMs, cryptocurrency point-of-sale solution…
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Contactless payments market to surpass $162B by 2030
December 21, 2023
The contactless payment market will grow from $38.55 billion in 2022 to $162.56 billion by 2030 at a compound annual growth rate of 19.71%, according to…
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Hyperion Bank intros CD promotion with 5.65% APY
December 21, 2023
Hyperion Bank introduced a limited-time certificate of deposit promotion with a 5.65% annual percent yield for 15 months. It is available for new funds…
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Safe partners with Sygnum, CoinCover for crypto recovery
December 20, 2023
Safe, a smart wallet infrastructure company, partnered with digital asset banking company Sygnum Bank and CoinCover, a recovery service provider, to introduce…
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Versatile Credit integrates with Intellicheck for identity validation
December 20, 2023
Versatile Credit, a credit aggregation and customer acquisition tool for merchants and lenders, integrated Intellicheck Inc.'s identity validation solution…
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Citizens survey reveals mid-sized companies are embracing AI for financial operations
December 19, 2023
Mid-size companies and private equity firms are increasingly adopting AI to assess data, automate processes and streamline financial operations, according to a…
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Citizens intros sustainably manufactured Mastercard debit card
December 15, 2023
Citizens Financial Group Inc. introduced Citizen Bank N.A.'s sustainably manufactured Mastercard debit and ATM card. The cards are made with 90% recycled PVC…
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