Bankers praise SCOTUS decision to let interchange ruling stand

An appeals court previously rejected retailers' efforts to reduce the interchange cap set by the Fed pursuant to the Durbin Amendment.

FEATURES


What's on the horizon for the bitcoin ATM?

Bitcoin took some bumps in 2014; what might that mean for the bitcoin ATM? Sam Ditzion of Tremont Capital Group offers his point of view.

The ATM industry wins another victory against patent trolls

The court not only found that the patents asserted were invalid, but also left the door open for companies subject to baseless infringement claims to bring counterclaims for damages.

ATMs lose their charm in Chile

The current ATM availability crisis and exchange of public blows highlight the essential nature of ATMs in today's payment ecosystem.

Fed's controversial 'Choke Point' collars ATM processors

The government's Operation Choke Point initiative has put a stranglehold on many law-abiding businesses — including payment processors and pornographers.

Virtual currency dominates day one of Money 20/20 conference

Ben Lawsky, New York's superintendent of financial services, addressed the status of the state's controversial BitLicense regulatory framework.

AMIS highlights: 'This year's conference was also terrific'

A video journal of highlights and attendee comments from the second annual ATM & Mobile Innovation Summit in Washington, D.C.

The ATM industry: Bound for ... where?

Industry experts fielded questions at PayThink 2014 in a session dedicated to sussing out the future of the ATM.

Obama executive order calls for 'BuySecure' initiative

An executive order from the president directs the government to lead the way in securing financial transactions and sensitive data — and in pushing toward nationwide adoption of EMV.

In the US, it's a slow road to faster payments

Based on its Faster Payments study, the Fed seems to be driving toward an overhaul of the US payments system, but stakeholders prefer a more incremental approach.

Why is ATM patent troll ATL selling its stock-in-trade?

Patent troll ATL is offloading 28 of its ATM patents, as well as a couple more that it has pending. Here's the backstory that might explain why.

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NEWS


Nebraska lawmaker seeks changes to ATM licensing rules

Among other things, the bill provides that consumers will not be held liable for financial losses arising from ATM tampering or manipulation.

New coalition seeks legislative controls on patent trolls

The National Retail Federation and Oracle have organized United for Patent Reform to pursue legislative reform targeting seven aspects of patent litigation.

New Jersey bill would require 911 call line at ATMs

The proposed law would require all ATM sites to have a dedicated phone line that establishes an immediate voice connection to emergency services.

Maine legislator seeks to ban ATM cash withdrawals on EBT cards

The text of the proposed bill has yet to be drafted and formally submitted to the legislature for consideration.

Virginia lawmakers seek to prevent CUs' use of ATM as service facility

The legislation appears to run counter to a decision by the NCUA that a video teller device may serve as a service facility under certain circumstances.

Obama proposes legislation on data breach notification

With today's introduction of proposed legislation, President Obama will expand on the BuySecure initiative he announced last October.

Not dead yet: NY takes another run at 'panic PIN' legislation

A 2010 FTC report shot down emergency technology at ATMs as a 'non-trivial expense' of dubious worth, but the concept isn't dying easily.

UK pushes tax relief for merchants who offer fee-free ATMs

The UK government is urging local councils across the country to award tax breaks to shopkeepers who offer "free-to-use" ATMs.

Massachusetts legislature backs down on casino ATM measure

A proposed rule would have let state-chartered banks operate ATMs in casinos — something federally chartered FIs are already allowed to do.

Investment bank sues ATM Network, Cardtronics over busted deal

Green, Holcomb & Fisher said it was defrauded of payment for a year's worth of work in arranging a sale of ATM Network to Seven Bank.

New Jersey considers banning surcharge for account balance inquiry at ATM

An operator in violation of the measure would be liable for a civil penalty of up to $1,000 for each day of noncompliance.

Bangalore cops to crack down on FIs flouting ATM security regs

The announcement followed reports by the media that banks were ignoring regulations imposed last year after a vicious machete attack on a woman using an ATM.

PCI SSC issues updated PIN security requirements for ATMs, POS devices

The program contains a complete set of requirements for the secure management, processing and transmission of PIN data at ATMs and POS terminals.

Proposed bill calls for moratorium on virtual-currency regulation

Congressman's 'Cryptocurrency Protocol Protection and Moratorium Act' would also modify the IRS property ruling.

Discover takes Visa to court over debit card practices

The company has filed a suit claiming that Visa engages in anticompetitive behavior by requiring issuers to use its services for both PIN and signature debit.

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Keep abreast of the laws and regulations governing the ATM industry.