Bank of England considers plan to force foreign banks to set up subsidiaries

July 5, 2023

The central Bank of England is considering a plan that would require international banks to set up subsidiaries instead of branches in the U.K. With this…

Police find skimmer in PNC ATM in Plainfield, Illinois

July 5, 2023

Police in Plainfield, Illinois recently removed a skimming device found at an ATM at a PNC Bank branch. A third party maintenance contractor notified…

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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Deutsche Bank reports Russian stocks are missing

June 27, 2023

Deutsche Bank has announced it cannot guarantee access to Russian stocks. In particular, it said it discovered a shortfall in shares of back depositary…

Man arrested after 2nd attempted ATM robbery

June 26, 2023

Police have arrested an 18-year old man named Omario Brewer in Memphis, Tennessee for allegedly pistol-whipping and robbing one man at an ATM and an attempted…

Bitcoin ATM operator demands Texas sheriff return funds seized in ransomware scam

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

The sheriff claims his office acted appropriately in seizing cash from the machine and returning it to the victim of a ransomware scam. Bitcoin Depot claims…

Man arrested for California ATM crimes

June 22, 2023

The Riverside County Sheriff's Department in California has arrested Paul Kolacki on suspicion of stealing at least 29 ATMs in multiple cities and counties in…

Google Cloud intros AI anti-money laundering solution

June 21, 2023

Google Cloud has unveiled its Anti Money Laundering AI to help financial institutions detect money laundering. The solution is designed to replace legacy AML…

What's going on with Binance, Coinbase?

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

Cryptocurrency took a major hit this month, as the Securities and Exchange Commission opened lawsuits against popular exchanges Binance and Coinbase.

SVB to sell investment banking business to management team led by CEO

June 19, 2023

Silicon Valley Bank has entered into an agreement to sell its investment banking business, SVB Securities, to a management team group led by CEO Jeff Leerink…

How are banks automating or failing to automate?

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

Banks are typically seen as traditional organizations; however, many are embracing automation to improve efficiency and meet customer needs. That being said…

Bank of England moves closer to digital pound

June 16, 2023

The Bank of England is seeking public feedback on how to design a central bank-backed digital currency: a digital pound.

ATM thieves steal $100K in the Bronx

June 14, 2023

Police are on the lookout for two individuals who allegedly stole $100,000 from a worker replenishing an ATM in the Bronx, New York.

Crypto.com shuts down US institutional services

June 12, 2023

Crypto.com, a cryptocurrency exchange will shut down its institutional services for U.S. customers in less than two weeks. The company claims the decision is…

Why banks should embrace remote work, especially for payment testing

Financial organizations can benefit dramatically from offering flexible work options to their employees.

Illinois police arrest 3 on suspicion of dozens of ATM smash and grabs

June 9, 2023

Sparta and Waterloo, Illinois police recently arrested three people they believe are involved in a string of more than 30 ATM smash and grab attacks in Iowa…

Binance halts dollar deposits following SEC lawsuit

June 9, 2023

Binance, a cryptocurrency exchange, will stop U.S. dollar deposits following news of the lawsuit from the U.S. Securities and Exchange Commission. The exchange…