The current ATM availability crisis and exchange of public blows highlight the essential nature of ATMs in today's payment ecosystem.
With more ATMs (118:100K) and plastic than anyone else on the continent, Brazil is a clear winner. But how does it rate internationally?
I have just attended the latest user event put on jointly by the NonStop user community and HP. Among the participants were many from the financial services marketplace, as NonStop continues to underpin many of the world's biggest ATM networks....
The company plans to bring several of its ATM models to the U.S. market later this year.
As deployment of ATMs continues to grow, the machines are expected to do more than dispense cash.
Itautec faces a difficult challenge breaking into the community bank and credit union markets, says an analyst.
Cardtronics' gross profit per machine was $425 in 2010's fourth quarter.
The combined economic output of Brazil, China, India and Russia could eclipse the total output of the current richest countries of the world.
MasterCard's agreement with MoneyPass means that it is expanding into the credit union and community bank markets.
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Kiosks allow U.S. residents to pay utility bills for relatives living in Latin America and the Caribbean.
Themed "The Future of ATMs in Latin America," the event will explore ways to better secure, operate and enhance the ATM channel in the region.
International MasterCard cardholders can now instantly view, select and manage the conversion to their home currency of Mexican peso amounts dispensed at Scotiabank Mexico ATMs.
The technology will allow Banco del Pacifico to expand into underbanked regions by reducing the frequency and cost of cash replenishment visits.
A new report indicates that small-denomination banknotes might be making a big dent in the lifespan of the nation's ATMs.
The extended uptime of cash recycling ATMs allows the Saque e Pague network to deploy terminals in remote areas that previously were uneconomical to service.
The solution eliminates the time and expense of manual key-loading at the ATM with a two-person team.
The new agreement among Brazilian FIs will improve ATM access for travelers attending the 2016 Olympics in Rio de Janiero.
Bradesco, one of the largest financial institutions in Brazil, will begin piloting new technology from NCR Corp. that allows immediate accountholder credit for cash deposits made at the ATM. The new technology will eliminate the use of envelopes for cash...
Banco Pichincha, Ecuador's largest financial institution, is testing cash-recycling technology in a pilot effort with GRGBanking. The project represents GRG's first foray into the Ecuadoran market. A news release from GRG said that the manufacturer's H68N cash recycler series has...
In an effort to reach the three-quarters of Peruvian adults who are currently unbanked, the country's principal FI is embarking on an ambitious plan to install more than 1,000 new ATMs.
Barely more than a week away from the start of 2014 FIFA World Cup Brazil, Banco do Brasil Americas and payment processor i2c Inc. have launched a multi-currency prepaid MasterCard. According to a news release from Silicon Valley-based i2c press...
In 2013, approximately 170 million un- or underbanked adults lived in South America, providing ample incentive for banks there to support financial inclusion and the growth of electronic payments, according to Mercator Advisory Group. But increasing the number of consumer...
Finding a machine that will accept their card might not be the worst part of the ATM adventure for World Cup fans visiting Brazil next month. They could also be subject to a holdup or “quicknapping” by criminal gangs targeting...
Going to the World Cup soccer tournament next month in Brazil? If so, do some advance ATM reconn online, because once in-country, you could have a hard time finding a machine that will accept your card. A Bloomberg report said...
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In developed markets, bank customers are turning to alternative channels to complete transactions they used to conduct at a branch. But in South America, the branch and ATM are still the chief banking channels. In remote locations, particularly, the ATM channel remains the most effective means of providing financial services to consumers.