Aussie central bank mulls mandatory fee notices

The Reserve Bank of Australia wants ATM operators to provide a fee notice at the beginning of a transaction rather than the end so that customers may opt out of high fees.

FEATURES


White label ATMs will drive massive expansion in Indian market

Following many years of unfulfilled potential, the Indian ATM market started expanding a decade ago — driven first by the country’s private sector banks, and latterly by the State Bank of India. In 2003, the Indian ATM installed base grew...

ProCash: an ATM for emerging markets

Wincor Nixdorf developed its ProCash line with emerging markets of China, India and Indonesia in mind. In fact, ProCash is manufactured in China, which allows the company to promise quick delivery. At Wincor World 2012, Alvin Ng, vice president of...

Study: Global ATM market and forecast

RBR study reveals where and how much ATM installations grew in 2011 — and will likely grow in the next 5 years.

Entry of foreign players into Chinese cards market will be painfully slow

Visa and MasterCard will be pleased that the WTO ruling on July 16 broadly supported a U.S. Trade Representative complaint that China UnionPay holds a monopoly on yuan-denominated payment cards issued and used in China.  Making inroads into the Chinese domestic payment cards market will still be painfully slow for foreign schemes, however.

Ten questions about ATMs in India

ATM Marketplace asks what recent policy changes by India's central bank might mean to ATM manufacturers.

Ten questions about India's IAD sector

Prizm Payment Services explains how they've found success in a booming ATM market.

India's ATM industry is banking on the unbanked

The up-and-coming nation has ambitious plans for improving its current ATM-to-citizen ratio of 1:13,333.

Emerging economies embrace banking innovations

ATMs, mobiles and kiosks play nicely together, enabling financial inclusion in developing countries.

Hey Wally, what’s up?

What the heck is happening at Australia’s banks? And what value would anyone place on the robustness of their ATM networks? If you haven’t been following the news, since 2010 a litany of outages has had those living in the...

That's not a mobile phone, it's an ATM security device

A skimming solution in Singapore sets off SMS buzz in America.

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NEWS


Compass Plus wraps first phase of ATM switch, processing migration for major Indonesian bank

The project for Bank Tabungan Pensiunan Nasional marks the entry of the payments software and services provider into the Indonesian market.

TNSLink to provide wireless services for Malaysian ATM network

Transaction Network Services will provide secure, high-speed transaction transport and ATM communications for the Malaysian Electronic Payment System.

NCR to build $83M manufacturing facility in Chennai, India

The plant will bring several separate facilities under one roof for greater efficiency and closer proximity to vendors, the company says.

Thailand's largest bank adds custom Diebold ATMs

Diebold Inc. is implementing 140 customized Opteva 378 cash recycling ATMs into the fleet of Siam Commercial Bank PCL.

Huawei claims vast majority of China's video teller market

The Chinese telecommunications giant plans to further cement its leading position with enormous growth in the sector this year.

State Bank of India to add up to 5K ATMs this fiscal year

The State Bank of India announced this week that it will deploy 3,000 to 5,000 additional ATMs in its current fiscal year. The bank hopes the new installations will help to improve its ratio of ATMs per customer. Currently that balance is one ATM for every 2,500 debit cards issued by the bank, a report by Economic Times said.

First EMV-compliant ATMs certified in Japan

Driven by increasing numbers of visiting travelers, Japan's Aeon Bank Ltd. has become the first FI in Japan to deploy ATMs that support secure EMV chip card transactions.

China tops US as world's largest ATM market

It's been forecast for years, and now it's official: China's installed ATM base is the largest on earth.

Fee-free Aussie ATM network seeks immunity from price-fixing complaints

The six members of Australia's FeeSmart ATM sub-network are hoping that the Australian Competition and Consumer Committee will agree that, in their case, price collusion benefits consumers.

Singapore banks' ATM service interrupted by 'connectivity issues'

A problem vaguely described as a “connectivity issue” intermittently disrupted the ATM and online services of DBS and POSB Banks across Singapore on Monday.

Indian ATM security provider acquires $5M from Silicon Valley VC fund

Securens Systems Pvt. Ltd., a 3-year-old ATM e-surveillance firm based in Mumbai, has announced a capital infusion of more than 30 crore rupees (about $5 million) from the Mayfield venture capital fund. The company provides dedicated communications, Internet protocol messaging and closed circuit television solutions.

Indian FIs hope to extend 'on-us only' transactions to off-us ATMs

India is exploring the feasibility of allowing ATM users to carry out certain transactions (e.g., deposits, utility payments and digital TV recharge) currently limited to their home bank ATMs at off-us machines. The National Payments Corporation of India, in collaboration...

Indian ingenuity increases ATM user convenience, safety

Thanks to innovative thinking by an Indian startup company, would-be ATM thieves could find themselves imprisoned — while still at the ATM. New Delhi-based IAD Transaction Solutions Intl. has dispensed with India’s standard practice of stationing unarmed guards in every ATM vestibule, according to an article in India's Economic Times.

India's off-us ATM fees poised for a big jump

ATM cardholders in India soon could be in for a significant cut in free off-us transactions — from five per month to two.

In Macao, a disturbing new method of ATM skimming

Last week, authorities in the Chinese territory of Macau arrested a pair of Ukrainians who are alleged to have stolen around $100,000 from seven ATMs. The arrest in itself is not out of the ordinary, but, according to Krebs on...

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