ICC intros receipt-wrangling feature for EMV test tool

ICC Solutions, a provider of EMV payment testing and certification solutions, has introduced a new test tool automation feature, according to a company press release. The enhancement allows testers to scan transaction receipts generated during EMV terminal certification into the...

MasterCard urges industry collaboration to speed up EMV transactions

MasterCard is working with other acquirers, processors and payments networks on a standard to shorten checkout times for EMV transactions, according to a company press release. These efforts will be based on the company's M/Chip Fast solution, which builds on...

Here comes Wells Fargo Wallet

Wells Fargo is throwing itself into the mobile wallet fracas with plans to introduce the Wells Fargo Wallet later this summer, according to a press release. The bank will integrate Wells Fargo Wallet into its existing Wells Fargo mobile app...

Mobile wallet providers invited to participate in 2016 comparison guide

Mobile Payments Today, a sister publication of ATM Marketplace, is preparing the 2016 edition of the Mobile Wallet Comparison Guide. All organizations that offer a mobile wallet are eligible for a free listing in the publication, which also will be...

Study: Plastic poised to cut cash use in central, eastern Europe

Central and eastern Europe could see a significant increase in bankcard use, as consumers begin to follow their western European counterparts in moving from cash to cards for low-value payments, a new report from RBR asserts. Western Europeans use payment...

India's ATM woes: One-third of all machines found to be unavailable

In a country that has only about 18 ATMs per 100,000 adults to begin with, having one-third of them out of commission is an issue. And the Reserve Bank of India is treating it as such. The Deputy Governor of the RBI, Shri S.S.

Study predicts major rise, fall in US counterfeit card fraud through 2020

Aite has published a new study that tracks a massive and rapid increase in card fraud in the U.S. as the nation's POS and ATM systems make the transition to the EMV chip standard. A press release about the Aite...

Source Technologies, Founders FCU team to streamline member service

Source Technologies, a provider of integrated solutions for managing financial transactions, and Founders Federal Credit Union, a Fort Mill, South Carolina-based FI with $1.9 billion in assets, have partnered on a project to streamline the branch experience with Source Technologies'...

Study: Cash is tops but brand perception is driving payments innovation

Americans' use of a wide array of payments options, and their demand for others, is driving innovation in payments. Additionally, the payment process has become increasingly important to consumers, influencing their perceptions of and loyalty to a brand. This, along...

Study: Financial services IT pros overestimate breach detection powers

Tripwire, Inc., a provider of endpoint detection and response, security and compliance solutions, has announced the results of an extensive study commissioned from Dimensional Research. The study evaluates the confidence of IT professionals regarding the efficacy of seven key security...

Japanese ATM heist: 100 money mules; 120 minutes; $12.7 million

Eight days ago, approximately 100 thieves bearing a combined total of 1,600 counterfeit bankcards emptied some 1,400 ATMs across Japan in a coordinated and highly sophisticated criminal operation. Japanese news agency Kyodo published details of the crime today, saying that...

New banknote security features on display at DC conference

Giesecke & Devrient is showcasing new banknote security and Industry 4.0 solutions this week at the Banknote Conference in Washington. The new concepts and security features are based on intuitive perception, according to a press release from G&D. The combination...

New ATMIA Web portal recognizes ATM Industry Champions

The ATM Industry Association has officially launched an "ATM Industry Champions" portal on its website. According to an ATMIA press release, the new feature aims "to provide global recognition while encouraging good industry citizenship and leadership." The new portal will...

7 smart security practices for the Internet of Things

Experian offers 12 tips to safeguard security from the Internet of Things The Internet of Things is only as strong as its weakest link, according to Adam Fingersh, senior vice president and general manager of fraud and identity business at...

Startup chimes in on mobile-only banking

Chime, a mobile-only banking scheme, has announced a suite of new features including Apple Pay and, separately, a new service to instantly pay friends and family. The mobile FI also closed an additional $9 million of funding for a total...

Nedbank intros chip-and-PIN cards in Namibia

South Africa's Nedbank is phasing out mag stripe cards in the nation of Namibia and replacing them with EMV chip-and-PIN cards. The cards are also EMV compliant and can be used at any EMV-enabled ATM or POS terminal in the...

Bank of America debuts cardless ATM access via Android Pay

Bank of America will introduce card-free ATM access at 5,000 terminals nationwide in 2016. But that's not the FI's only news: The bank will also enable cardless ATM access via Android Pay, according to a press release. At the Google...

EFT networks reach new markets with dual-message products

Several EFT debit networks are launching or developing dual-message debit solutions, in which authorization and clearing are accomplished in two separate transactions, according to a new research note from Mercator Advisory Group, "Dual-Message Debit Makes Its Entrance." The publication considers...

Wincor ProCash 280 achieves major milestone

Wincor Nixdorf has announced the shipment of its 100,000th ProCash 280. The milestone-setting machine went to one of Thailand's largest banks, the company said in a press release. "We are proud to have reached this milestone in less than six years," said Thomas Jaeger, vice president of ProCash business unit systems at Wincor.

ATM as bad actor: Gang enlists machine's help in skimming ops

Kaspersky Lab has released information about a Russian-speaking "Skimer" group that forces ATMs to assist them in stealing users' money. Instead of installing skimmer devices onto an ATM, the gang turns the ATM itself into a skimmer. Discovered in 2009, Skimer malware was the first malicious program to target ATMs.

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