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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. From there, they used the information to steal customers’ money from their accounts.

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Chase Caps ATM Withdrawals For Non-Customers

PYMNTS

JPMC has capped ATM withdrawals at $1,000 per day for those who are not accountholders with the bank. The move comes following the bank’s initiative to allow ATMs to dispense an unlimited number of $100 bills, which, unsurprisingly, led to abuses and people pulling tens of thousands of dollars out at a time.

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McDonald’s McGold Card Promotes Online Ordering

PYMNTS

The winner will score a McGold Card that gives two free meals a week over a 50-year period, USA Today reported. The news also comes more than a year after a McDonald’s in Boston was to activate what it called a “customized digital Big Mac ATM.” According to the contest’s website , the prize is worth $52,350.

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Bank of America To Update Branches In Response To Customer Behavior

PYMNTS

It will also upgrade 16,000 ATMs with new features like paying with phones and the ability to pay credit card bills. There’s also a plan to install 2,700 new ATMs. It said it was going to open branches in Boston, Washington, D.C., and Pittsburgh. The bank has about 5,000 branches all over the country.

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The End Of The Uber Experience?

PYMNTS

Before Uber in Boston, where I live, trying to get a taxi reliably was not only friction-filled, it was infuriating much of the time — something that a study conducted by the city of Boston in 2013 on the taxi industry bore out. That was on a day without bad weather, something Boston never has.

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Going to Germany? Don’t Forget Your Cash!

Celent Banking

Most of the time these days I don't have to think too much about money – my trusted Visa, MasterCard and American Express cards have been serving me well, to the point that I don't even bother exchanging currency before I get on the plane to many countries in Europe, especially Scandinavia, and increasingly, the US as well.

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Function Over Flash

Independent Banker

In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service. An ATM or branch locator is another standard mobile function.