DAYTON, Ohio - (02/28/05) -- NCR said Friday it has agreed to buythe remaining ATM business of financially troubled TidelTechnologies Inc., which makes mostly storefront machines. Thepurchase price was $10.2 million. Tidel also announced that it hasretained Stifel, Nicolaus & Co. to sell its remainingtimed-access cash controller business, as required by Tidel'sNovember 2004 financing agreement with its lender. The company ahsreported diminishing finances since the 2001 liquidation of itsmain customer, Credit Card Center, which ate one time operated thebiggest ATM fleet in the country with Tidel machines. Tidel shareswere trading for just 39 cents on the Pink Sheets onFriday.
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American Banker is accepting applications for the Best Banks to Work For program. The annual ranking, which is now in its 14th year, is a showcase of banks that prioritize strong employee engagement, a positive corporate culture and plenty of employee support.
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The Minneapolis-based bank will issue the cards, and Mastercard will act as the network provider. American Express formerly ran the e-commerce giant's business credit card programs.
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A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank's head of AI, says banks still have an opportunity here.
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Employees at two of the 28 Wells branches where workers previously voted to unionize are now shedding union representation.
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Alessandro DiNello, who served as Flagstar's executive chairman in 2024, said he's leaving in order to enjoy his retirement. Meanwhile, a lawsuit accusing him of various wrongdoings is still pending.
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Cybersecurity experts at RSAC urged banks to treat the transition to post-quantum cryptography as an enterprise risk, not just an IT headache.
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