In rural villages where the nearest ATM might be a 15-minute bus ride away and branch setup is not viable, FRBs can be a cost-effective alternative.
Those needing to update their infrastructure to support EMV might be befuddled and confused by chip and signature, but wrongdoers have it all figured out.
ATMs are primed to play a key role in omnichannel banking, providing a bridge between different delivery channels and enabling FIs to save costs by moving traditional teller transactions to interactive self- service machines.
Elan Financial Services
ATMs are the latest victim in the rush to levy more taxes in the UK; the result could be machines removed and communities deprived of convenient access to cash.
Technology offers new ways for consumers to hold, control and spend their money. This summit promises to help execs get their arms around the former and meet the expectations of the latter.
The Internet is no longer simply a network of personal computers and servers. It has expanded to mobile phones, tablets, and devices we use every day. An additional influx of connected devices—from digital signs and ATMs to home appliances—is commonly referred to as the Internet of Things (IoT).
There are lessons to be learned from countries and markets that are ahead of the United States in ATM development.
Three-and-a-half years after its introduction, it looks as though mobile cash access at ATMs might finally be 'off and running.'
What is particularly scary is the sheer number and value of transactions being processed today.
It's not just about mobile payments — ATM transactions and POS payments rely on the PIN, but could easily adapt to biometric authentication.
The ATM operator surged ahead in Q2 with lots of good news about earnings — and one piece of really bad news from 7-Eleven.
Traditional and digital banking customers want different things from a branch; a VTM allows an FI to serve both in a single, cost-effective environment.
In turnaround terms, Diebold has spent the last two years crawling. Now the company is ready to walk and, eventually, run.
In a Q2 earnings call, company executives talked at length about adverse FX and a shift to higher margin services — and as little as possible about a rumored buyout.
Money mules are the "last mile" to launder funds gained from illegal activity — and ATMs are often their first stop.
With the launch of what they believe to be the nation's first cash recycler in New York City, Elan and Hyosung say the US market is warming up at last to the cost-saving device.
See More »
State legislatures are imposing increasingly restrictive rules on welfare recipients — and are expecting ATM operators to police them.
Muthoot Pappachan Group has launched MPG Security Group to deliver 'technologically advanced' security services.
In this roundup: Polls, applause, and a painful lesson in payback.
The companies have launched a joint venture to provide cash management services, deposit solutions and cash-handling optimization for retail operations and ATMs.
Not surprisingly, the younger the consumer, the more more likely that a nontraditional provider would be considered a reasonable choice.
The Reserve Bank of India has responded to concerns voiced by the nation's FIs that a September 2015 deadline is impossible to meet.
The company has partnered with pilot clients across the US to issue and successfully test EMV debit cards in real-world merchant environments.
A group representing the ATM industry says that 65 percent of the money withdrawn from club ATMs isn't even used for gambling.
Tractica anticipates that finance biometrics hardware and software revenue will increase from $126 million in 2015 to $2.2 billion in 2024.
Fime says its new solution allows development teams to check their work step by step, reducing the risk of failure in certification testing.
The ITM Payment Hub solution allows Brunei-based Perbadanan TAIB to manage a host of transaction functions from a single platform.
More than half of all American adults used mobile deposit at least once last year, according to an American Bankers Association survey.
As Aussies change their spending ways, their ATM visits have declined — and so will the number of cash points across the nation, the Reserve Bank of Australia says.
After saving 20 percent on cash management costs in a limited pilot, ICBC Zhongshan is rolling out NCR Aptra OptiCash to its entire 600-unit network.
Villagers in Conwy reportedly will have to make a 30-mile round trip to reach the nearest cash machine after their local HSBC branch closes.
The lab's mission is to create and test solutions that will increase financial literacy for India's unbanked millions.
With strict capital controls in place and trust in the banking system 'long gone,' Greeks are turning to bitcoin as an alternative to fiat currency.
'Selfie Pay' will test the use of facial recognition and fingerprint ID for online credit and debit card purchases transacted via smartphone.
As South Korea prepares to roll out facial recognition software on ATMs, users of the machines are being advised to be recognizable.
Previously, only MasterCard- and Visa-branded payment cards could be used for e-commerce.
The company says its new brand will be an important asset as it works to address new opportunities and expand market share.
Domestic ATM and debit cards are now limited to $300 per day for foreign ATM cash withdrawals, POS transactions and e-commerce purchases.
MoneyPass offers special discounts and perks to ICBA member banks that join its nationwide network of 24,000 surcharge-free ATMs.
The newly signed agreement signals the first move in China's push to export the UnionPay chip card standard.
Avidia Bank, a community FI serving suburban Boston, has partnered with FIS to offer QR code-based cardless cash access at its ATMs.
Three co-conspirators skimmed data in Europe and then took a US road trip, stopping at ATMs every few miles to withdraw cash using counterfeit cards.
IMM and Advanced Fraud Solutions say they are now able to provide almost real-time notification of potentially fraudulent check transactions.
The program provides messages and materials for industry stakeholders to use in educating consumers about the use and benefits of chip cards.
Using a smartphone, cardholders can take a picture of a check and, if it's approved, load the funds to their card within minutes.
A new research paper asks — and answers — the question.
Euronet and its local partner, PT Sigma Cipta Caraka, worked with Bank Antardaerah to implement support for chip card ATM and debit transactions.
Payment solutions provider OpenEdge says its systems are tested, certified and ready to process EMV transactions.
The new DNA program confirms that EMV chip cards using the DNA Shared Debit AID and corresponding acceptance terminals comply with DNA requirements.
At the center of the debate is the $2 billion in interchange fees the banks make per year.
For security purposes, the transaction provides a two-part code and a 24-hour time window for cash withdrawal by the recipient.
See More »
According to a new report, the value of the facial recognition market will more than double within the next several years.