SAN FRANCISCO - (10/19/04) -- A group of ATM servicers andmaintenance companies filed suit in federal court against DieboldInc. last week charging the ATM manufacturer is refusing to sellthem parts to service the popular Diebold machines. The Financialand Security Products Association, which represents 300 ATMservicers, charge in its suit that Diebold is conspiring to preventoutside vendors from servicing its machines. The group also claimsthe Diebold is refusing to disclose the password needed to performdiagnostics tests. The suit claims the Diebold is now requiringthat its existing customers wanting to upgrade their ATMs buy newkeyboards and encryption software exclusively from Diebold, andthat only a Diebold technician perform the installation.
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The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
4h ago -
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
9h ago -
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
9h ago -
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
10h ago -
Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
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The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
April 26