As EMVCo celebrates its 25th anniversary, it is important for the entire payment industry to acknowledge the organization’s success in reducing counterfeit and card-present fraud across the globe. Dec. 31, 2024 | by Anamaria Burnete — Digital Marketing Specialist, Paragon Application Systems As EMVCo celebrates its 25th anniversary, it is important for the entire payment…
Dec. 31, 2024 AU Small Finance Bank, based in India, unveiled its AU NOMO Credit Card. This card used fixed deposits as collateral, enabling customers to build credit and savings, according to a press release. The credit limit is based on fixed deposits and is designed for those with limited credit histories and documentation. Other…
Dec. 27, 2024 A California law: Assembly Bill 2017 will block insufficient funds fees at ATMs, when customers try to make a withdraw that is more than they have in their bank accounts. This bill will take effect on Jan. 1, 2025, according to a report by CAL Matters. Consumer advocacy groups said these fines…
Paramount Management Group shut down amid legal troubles regarding missed ATM payments. Dec. 20, 2024 | by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator Paramount Management Group, an ATM company, has officially shut down and laid off all staff, according to a report by The Philadelphia Inquirer. This is following a long…
Nov. 29, 2024 | by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator Cash usage is a top of mind concern for the ATM industry. For years, various payments gurus have been declaring the death of cash. While that hasn’t happened, there have been shifts in cash usage. The Federal Reserve Bank’s statistics…
There is a great need for banks to optimize processes to keep cash relevant and cost effective, but also ensure that it fits within the wider payments landscape Even though customers have moved towards cashless payments in recent years, more people are starting to rely on cash again as cost of living pressures increase. So,…
Nov. 27, 2024 Truist Financial Corp. has announced Truist Cares for Western North Carolina, a three year initiative to support the communities impacted by Hurricane Helene. It will deliver $725 million to support small businesses, housing and infrastructure rebuilding in North Carolina, according to a press release. In particular, Truist will deliver $650 million for…
Nov. 26, 2024 BluPeak Credit Union introduced a Buy Now, Pay Later solution called FlexPay for its digital banking system through a partnership with equipifi. With this solution, members can check pre-qualified BNPL offers in their digital banking platform and receive funds back into their checking accounts nearly instantly, according to a press release. Members…
Nov. 22, 2024 Thunes, a payments platform, partnered with GCash, a finance app based in the Philippines, to allow GCash users to add funds to their digital wallets from U.K. and European bank accounts, according to a press release. This service is designed for Filipino expatriates who live in European countries to send money back…
Money visibility solutions can help banks and businesses combat money laundering. Nov. 15, 2024 | by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator Cash laundering is an omnipresent issue in the financial services industry. Bad actors utilize cash to hide illegal activities ranging from drugs to human trafficking and more. How can…