The coronavirus outbreak, now spreading worldwide, has caused Ireland’s AIB to reconsider charging people for contactless payments. Contactless payments, after all, could help prevent the virus from spreading further, if people can avoid touching others. Contactless payments constitute eschewing the usual process of entering PINs...
Cross-border B2B payments company TransferMate announced news on Monday (Nov. 20) that it secured equity investment from Allied Irish Banks. In an announcement emailed to PYMNTS, TransferMate said it received more than $35 million, with the investment seeing Allied Irish Banks (AIB) taking a minority...
Allied Irish Banks was hit with a $2.2 million fine by the Central Bank of Ireland due to compliance failures with anti-money laundering and terrorist financing rules. According to a report in Bloomberg News, in addition to the fine, the central bank reprimanded Allied Irish Banks (AIB)...
May 06, 2020
Irish bitcoin ATM operator Boinnex found itself facing roadblocks from Allied Irish Banks (AIB), which shut down its account and said it didn’t want to deal with an unregulated form like cryptocurrency, according to CoinDesk. That forced the entire operation to shut down for six weeks until founder Bryan Tierney was able to establish another […]
March 18, 2020
The coronavirus outbreak, now spreading worldwide, has caused Ireland’s AIB to reconsider charging people for contactless payments. Contactless payments, after all, could help prevent the virus from spreading further, if...
April 27, 2017
Allied Irish Banks was hit with a $2.2 million fine by the Central Bank of Ireland due to compliance failures with anti-money laundering and terrorist financing rules. According to a...
