Financial technology provider Temenos will integrate money movement solution Visa Direct to its platform to provide banks with international money transfer capabilities. 

Visa Direct will allow Temenos’ bank customers to use cross-border payments like person-to-person payments, funds disbursements and bill payments.

By working with Visa, Temenos is providing banks the flexibility to choose what kind of cross-border payments services they want to offer, including “specific routings, special currency rates or fees, speed of execution or transparency of process,” Mick Fennell, business line director for payments at Temenos, told Bank Automation News. 

As cross-border business opportunities increase, demand for competitive, differentiated servicing of customers’ cross-border payments needs have increased, Fennell said. 

“Many financial institutions are seeing the need to up their game by modernizing their capabilities, enabling them to provide more integration and servicing options to their clients, including support for services like Visa Direct,” he said. 

Temenos teamed up with Mastercard last month for a similar offering and offer its bank customers both services, Fennell said. 

PLS selects Green Dot for debit card 

Financial services provider PLS has tapped digital bank Green Dot to power its latest debit card offering. 

PLS and Green Dot started working together in August 2023 for a checking account for PLS customers and now PLS uses Green Dot’s debit card issuing capabilities. 

The Xpectations! Plus debit card is backed by Green Dot’s single-source embedded finance platform and provides services including secure banking and money movement, Jamison Jaworski, general manager and senior vice president of the consumer division at Green Dot, told BAN. 

Green Dot will support “PLS’ 200-plus locations nationwide that function as community hubs supporting their customers’ financial needs with essential services like cash access,” Jaworski said.  

Austin, Texas-based Green Dot anticipates strong demand for the product since it offers early access to direct deposits, overdraft protection and free nationwide ATM access, Jaworski said, adding that the service will be provided to PLS through a cloud-based infrastructure and APIs. 

PLS customers can get approved for the new card in minutes, Rob Fisher, senior vice president of support operations at PLS, told BAN, adding that the company aims to add more products in collaboration with Green Dot. 

Black Hills FCU selects NCR Atleos for ATMaas 

Rapid City, S.D.-based Black Hills FCU has selected NCR Atleos for its ATM and ITM services, according to a July 17 release. 

NCR Atleos will provide BHFCU hardware, software, security, installation, maintenance and cash management for ATMs, according to the release. 

“The ATM and ITM continue to be crucial touchpoints as customers increasingly view flexibility and choice as deciding factors when it comes to bank loyalty,” Diego Navarrete, executive vice president for global sales at NCR Atleos, told BAN. “By outsourcing this critical channel with NCR Atleos, the bank is boosting efficiencies, providing greater availability to customers, and is positioning itself to more quickly implement new features and functionality.” 

ITMs are just like ATMs but have a video calling feature for customers to interact with bankers, Navarrete said. 

Capital One, TD, JP Morgan, US Bank, Scotiabank, Wells Fargo and Citi are some of NCR’s customers, Navarrete said. 

Texas Dow Employees Credit Union selects Cognizant to boost efficiency 

Texas Dow Employees Credit Union selected technology provider Cognizant to enhance operations and automate processes over the next five years. 

“Our initial focus would be to streamline and automate the current operations across infrastructure and applications,” Nageswar Cherukupalli, senior vice president and business unit head of banking and capital markets and strategic initiatives at Cognizant, told BAN. 

The $4.8 billion TDECU will tap Cognizant’s AI-driven automation tool Neuro AI and its generative AI-driven software engineering solutions Flowsource, Cherukupalli said.  

First, the bank will work toward streamlining operations, he said.  

“Focus will shift to transform the IT landscape across the application and infrastructure to help embrace new product launches and modernizing the core banking solutions to further augment tools and capabilities,” he added. 

This deal was in the works for three to six months before being announced at the end of June, Cherukupalli said. 

Visit Bank Automation News’ Transactions Database, which lists the technology selected or acquired by companies in the financial services industry, with a focus on technology that enhances automation.   

Early-bird registration is now available for the inaugural Bank Automation Summit Europe in Frankfurt, Germany, on Oct. 7-8! Discover the latest advancements in AI and automation in banking. Register here and apply to speak here.