Payments News
Citizens appoints head of enterprise payments
July 21, 2023
Citizens Financial Group Inc. has appointed Taira Hall to serve as head of enterprise payments. She will report to Beth Johnson, vice chair and chief…
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Federal Reserve intros instant payment service
July 21, 2023
The U.S. Federal Reserve has launched an instant payment service called FedNow, which aims to allow Americans to send and receive funds in seconds. This…
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Red Link migrates ATM network to Diebold Nixdorf
July 21, 2023
Red Link, an ATM network operator in Argentina, has transferred 90% of is network to Diebold Nixdorf's DN Series ATM. This series offers a variety of…
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Clair raises $175M for early pay solution
July 20, 2023
Clair, a fintech, has raised $175 million to introduce its on-demand pay solution to allow workers to gain wage advances from its national banking partner…
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Greek court sentences ATM skimmers to 10 years
July 20, 2023
A court in Thessaloniki, Greece, has sentenced two men to 10 years in prison for taking part in an ATM skimming scheme that involved stealing stole data of at…
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Genesis Coin to add more than 5,700 crypto ATMs from CoinCloud
July 19, 2023
Genesis Coin, a bitcoin ATM software provider, has acquired 5,700 cryptocurrency ATMs from CoinCloud, which filed for Chapter 11 bankruptcy protection in…
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Union Credit intros credit union marketplace
July 19, 2023
Union Credit, a credit offer provider, has introduced a marketplace to allow credit unions to offer one-click credit offers to customers at the point-of…
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Big banks post healthy profits following SVB collapse
July 19, 2023
Big banks have begun releasing earnings this quarter, and so far have seen healthy profit margins despite the collapse of Silicon Valley Bank, Signature Bank…
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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.
read nowConnectbase 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…
read nowMember 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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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…
read nowSlide 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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