Nigerian FIs turn to third-party providers to control rising ATM costs

The rising cost of delivering on consumer demands for efficiency is causing an increasing number of banks to outsource ATM deployment and fleet management.

FEATURES


U.S. Treasury Dept. concerned about mobile payments in Kenya

Kenya is a terrible example of regulation supervision, says Emery Kobor, Deputy Director of Strategic Planning for the U.S. Treasury's Office of Terrorist Financing and Financial Crimes. "Frankly we're very concerned that M-Pesa has risen to the level of being...

2012 GRG Global Customer Exchange

Kashif Naeem, vice president and head of product management at Sudan's largest FI, Bank of Khartoum, talks about the opportunity GCE provides to learn about new technologies that can improve the customer experience. The 7th GRG Global Customer Exchange was...

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.

Emerging economies embrace banking innovations

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

Into Africa: ATM-makers explore a growth market

Deployment is a different game where populations are diverse, dispersed and largely unbanked.

Visa targets unbanked in developing countries with prepaid mobile offering

The payment network announces its first product in its global strategy to reach the unbanked.

Installed ATM base is expected to reach 3.1 million units by 2015

As deployment of ATMs continues to grow, the machines are expected to do more than dispense cash.

NCR reports strong fourth-quarter financials

Revenues increase 12 percent in the Americas, which includes the United States

South Africa's independent deployers install ATMs in rural areas

The ATMs provide some banking services, reducing workers' long commutes to banks.

ATM Potential in Africa

In RBR's latest press release entitled "China to become world's largest ATM market by 2015," one piece of information jumped out at me from the page more than any other and it wasn't about China, it was about Africa.The startling...

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NEWS


Nigeria prepares to enact final phase of cashless policy on July 1

Following a one-year waiver period, cash withdrawals via teller or ATM will be subject to a fee of up to 5 percent as the Nigerian government carries out its plan to retool the nation's cash-based economy.

East African nations integrate switches for ATM interoperability

Kenswitch, the national shared payments system of Kenya, has integrated its ATM system with the switches of three other East African nations.

Barclays Africa angles to bring ATM support in-house

Barclays Africa Group reportedly wants to buy the ATM business of Bytes Technology Group, the company that currently provides its ATM support.

KCB trades out piecemeal processing for integrated platform

Kenya Commercial Bank, one of the largest banks in the country with more than 150 branches, has launched a new in-house processing center built on TranzWare products from Compass Plus, a provider of retail banking and electronic payments software to...

African distributor aims for 3K installed ATM base in 2014

Inlaks Computers, a Lagos, Nigeria-based strategic partner of Nautilus Hyosung, has announced its intention to achieve an installed base of 3,000 ATMs in the country by the end of this year.

Zambian bank gradually grows its ATM fleet

Of 21 commercial banks in Zambia, only 16 have any ATM presence at all in the country. Cavmont Bank is one of these, and it has just installed its 20th ATM with assistance from the Zambia division of ATM Solutions,...

Pakistani bank deploys low-energy ATMs to achieve higher uptime

In order to ensure continuous ATM availability and maximum customer convenience, Pakistan’s Meezan Bank will become the first FI in the country to deploy ATMs with an intelligent power management system. Diebold Inc. and its local distributor TouchPoint Ltd.

Africa to get first Bitcoin ATM this month

This week, South Africa’s Za Bitcoin ATM announced that it will install the continent’s first Bitcoin ATM sometime toward the end of May. From the company’s post on the BitcoinTalk bulletin board: Our company ordered a Lamassu Inc Bitcoin ATM/vending machine around mid Feb this year.

ATM market serving Africa’s largest economy suffers six years of stagnation

Missteps and reversals in regulatory policy have sent a once-burgeoning ATM market into a state of intertia since 2008, a situation that does not bode well for the central bank’s goal of achieving universal financial inclusion. A report by Business...

Kenya expects to be 70% EMV-compliant by month end

Last year Kenya's banking industry adopted the EMV standard for payments cards and set about implementing the plan in a phased program. Adhering to the plan, Kenya's ATMs were 100 percent compliant by September 2013; POS terminals achieved the December...

ATM fee cuts will cost S African banks millions

South African banks could lose millions due to a decision by the nation's reserve bank to cut interchange fees for ATMs, a report by Business Day Live said. The idea is that lower interbank fees will remove the need for...

ATMIA announces 10th annual Africa conference

The ATM Industry Association has announced the dates of its 10th annual conference for Africa, India and the Middle East. The conference, whose theme is "Emerging and Expanding ATM Markets," will take place Oct.

Jordanian FI updates payment processing, reaps benefits

In 2012, Jordan Kuwait Bank decided to replace its legacy payments solution to advance its ambitious growth plans — including the eventual expansion of its ATM network. According to a news release, the now-completed upgrade has already resulted in improved...

'Mitigate fraud, or else,' CBN says

The Central Bank of Nigeria has advised the nation's retail FIs that they must implement measures to mitigate a rising tide of ATM fraud or face sanctions. Banks have until June 1 to comply with the order. According to Codewit...

Saudi bank installs country's first dual-deposit ATMs

Saudi Arabia-based Saudi Investment Bank is adding cash deposit capabilities — a first for the country — and remote teller assistance in order to offer its customers the convenience of a wide range of round-the-clock personal banking services. SAIB will...

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