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By October of this year, ATM owners in the U.S. have to replace or upgrade their machines to accept chip cards or face liability for certain types of fraud. But the upgrade and related ongoing maintenance are so expensive that cash-machine operators like Abe Ayesh, who helps manage about 8,000 ATMs mostly on the East Coast, plans to shut down some of them.
July 5 -
Royal Credit Union on Friday said it has entered into a definitive agreement to acquire the Apple Valley, Minn., office of Deerwood Bank.
July 5 -
Columbia Credit Union in Vancouver, Wash., has expanded into neighboring Oregon as the CU continues to eye other opportunities to offer its services beyond its 12 branches in Clark County.
June 29 -
Bank of America is betting on consumers future intentions over their current actions when it comes to building its digital wallet strategy.
June 21 -
Most credit union industry insiders and experts agree that technology has shaped branching strategy in recent years as many locations have become smaller, with fewer teller lines and more space for consultation.
June 10 -
From 'visioning sessions' to using technology to decrease the footprint of each branch, credit unions remain cautions with members' money when it comes to expanding their branch networks.
June 10
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PNC Financial Services Group has been named the official bank of the University of Kentucky, its 50th such partnership with a college or university.
June 8 -
The CEOs of banks that operate only online argued Thursday that their model is the way of the future. Not so fast, responded the heads of some of the nation's largest banks.
June 2 -
After a body was found outside of a branch of Mountain America Credit Union, the Salt Lake City-based credit union is dealing with the fallout of being stuck in the middle of a murder investigation.
June 1 -
Coin-counting machines came into vogue in the 1990s when Commerce Bank started installing "Penny Arcades" in its branches throughout New Jersey. They were a huge hit for a while, but banks have soured on the machines in recent years as usage declined and maintenance costs increased.
May 27
