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N26 to close UK operations following Brexit

N26 to close UK operations following Brexit

N26, a Berlin-based challenger bank, is pulling up stakes from the U.K. after that country finalized plans to withdraw from the European Union under Brexit.  N26 said it will no longer be able to operate in the U.K.

Varo Money gains historic regulatory approval from FDIC

Varo Money gains historic regulatory approval from FDIC

San Francisco-based Varo Money Inc. has gained final approval from the Federal Deposit Insurance Corp.

Mastercard partners with North Macedonia on digital identity solutions

Mastercard is partnering with the Republic of North Macedonia to develop digital identity solutions that will give citizens of that country a new way of authentication when accessing government and business services. The partnership will develop digital identity solutions, including…

Japanese lawmakers to propose digital currency

Japanese lawmakers are mulling over a plan to launch a digital version of the yen, amid concerns over China's plans for a digital yuan and the impact of Facebook’s Libra project, according to Reuters. The group, comprised of about 70…

Vodafone pulls out of Facebook-backed Libra Association to focus on M-Pesa

Vodafone pulls out of Facebook-backed Libra Association to focus on M-Pesa

Vodafone Group, a U.K.-based telecommunications conglomerate, became the latest company to pull out of Libra, the Facebook backed digital currency project. Vodafone and Libra confirmed the withdrawal in separate statements and the telecom firm said it will focus on further…

Central banks form group to explore digital currencies

A group of central banks, including the Bank of Canada, Bank of Japan, Bank of England, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank and the Bank of Settlements have formed a group to assess the…

UK convenience store group urges LINK to cancel fee cut amid crisis in cash access

UK convenience store group urges LINK to cancel fee cut amid crisis in cash access

The U.K.'s Association of Convenience Stores is urging LINK, the entity that controls that country's ATM network, to cancel its next planned fee cut in order to stem the loss of low cost cash access through the reduction in machines.…

Lebanon ATMs running dry as country faces liquidity crisis

Lebanon ATMs running dry as country faces liquidity crisis

Despite a recent promise by the head of Lebanon's banker's syndicate that ATMs would be stocked with cash, citizens are complaining that cash machines are spitting back bank cards, according to a report in the Washington Post. Dollars, which are…

Banks in Philippines blame cap on fees for dwindling number of ATMs in country

Banks in Philippines blame cap on fees for dwindling number of ATMs in country

Last week, the central bank of the Philippines threw out a proposal to cap ATM fees, saying that the cap could lead to a further reduction in the number of ATMs throughout the country, particularly in rural areas, which would…

IRS monitoring bitcoin ATM activity, looking into compliance

IRS monitoring bitcoin ATM activity, looking into compliance

As bitcoin ATMs proliferate in the U.S. and beyond, so too does concern over their regulatory compliance. Last week, a top agency official at the U.S.

Head of Lebanon's banker's syndicate: 'ATMs will be stocked with cash'

Anti-government protest in Lebanon, which began Oct. 17, are causing a cash crisis in the country as banks have been closed and ATMs have been running dry.

USAA claims $200M victory in remote deposit patent suit against Wells Fargo

USAA claims $200M victory in remote deposit patent suit against Wells Fargo

USAA announced that it was awarded $200 million in a U.S. District Court jury trial in Marshall, Texas, involving a patent infringement case over Wells Fargo involving its remote deposit capture technology. USAA originally filed suit in June 2018 alleging…

UK's Link launches 'free ATM' fund

UK's Link launches 'free ATM' fund

Link, operator of the U.K. cash machine network, today launched a 1 million pounds ($1.2 million) fund that communities can apply to if they believe their area does not have sufficient access to free-to-use ATMs. That should pay for 40…

Bankers suggest time lag between ATM withdrawals in New Dehli

Bankers suggest time lag between ATM withdrawals in New Dehli

As a way to combat ATM fraud in New Delhi, the Delhi State Level Bankers' Committee proposed several measures, including a 6-12 hour gap between cash withdrawals.

Reserve Bank of India clarifies free ATM transactions

Reserve Bank of India clarifies free ATM transactions

In a relief to ATM users across the country, India's central bank has clarified the rules governing free ATM transactions. Transactions that failed due to technical glitches related to hardware, software, communication and non-availability of currency notes won't be counted…

Philippine's central bank to ATM operators: 'Keep fees reasonable'

The Bangko Sentral ng Pilipinas has reminded banks in the country to adhere to the "principles of reasonable and market-based pricing" for ATM fees. In a memo to all BSP-supervised financial institutions on July 19, the central bank ordered that…

NYS leads 25 state AGs opposing CFPB changes to bank overdraft rules

A coalition of 25 state Attorneys General led by New York State AG Letitia James have written a joint letter to the Consumer Financial Protection Bureau, stating their opposition to any rollback or modification of bank overdraft fee rules claiming…

Too many ATMs spoil the view in Croatia's ancient city

Dubrovnik rests on the Adriatic sea in southern Croatia. The ancient city, known for its Gothic, Renaissance and Baroque churches, monasteries, palaces and fountains, is one of the biggest tourist destinations in the Mediterranean. Many small shops and restaurants only…

ATM charges may drop in India, RBI sets up committee to review current rates

ATM use is on the rise in India, where cash is in demand. To address persistent calls for changes to ATM fees, on Thursday, the Reserve Bank of India announced that it has set up a committee to review ATM…

Will Vancouver ban bitcoin ATMs?

Known to some as "ideal money-laundering vehicles," bitcoin ATMs may soon be banned in Vancouver, Canada, if Mayor Kennedy Stewart has anything to say about it. The city council passed a motion in January to add a bylaw to "Regulate…

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