Bangladesh bans Bitcoin

Under the country's strict anti-money laundering laws, any cryptocurrency transaction is a punishable offense.

FEATURES


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.

Low-income households pump money into retailer wallets

A new research paper by three economists predicts that the little guy will shell out more money as FIs seek relief from the revenue-slashing effects of the interchange cap.

Out in the cold: The ATM industry wants routing choice, too

ATM industry representatives recently made their case to the Fed for inclusion in Reg II, the Durbin Amendment rule that gives merchants a choice of competing payment networks.

ATMIA email alerts keep recipients current on legislation, regulations

If "ignorance of the law is no excuse," then using a service that keeps you current on the law is a no-brainer.

Governments worldwide continue scrutiny of virtual currencies

New York's proposed BitLicense regulatory framework is one of several current initiatives developing around the globe.

Why do consumers hate ATM fees so much?

It might be because they don't have a clue where the money goes ... and nobody's taken the time to educate them.

5 criteria for effective case management

As fraudulent activity rises, so does the need for systems that can identify, isolate and interrupt it.

Whack-a-Troll: Supreme Court beats Congress to the punch on patent reform

Patent troll suits will still pop up, but the ATM industry now has a better chance of beating them.

CFPB turns its attention to mobile financial services

The regulatory agency seeks to understand the impact of emerging technologies on the un- and underbanked.

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NEWS


Police in India say ATM security is still lacking

Ten months after a woman was nearly killed by a machete-wielding assailant in Bangalore, many ATMs still lack CCTV cameras and able-bodied watchmen.

Bank of England addresses digital currencies

Institution does not believe Bitcoin poses a risk to financial stability in the UK.

Fed completes research into payment system improvement

A representative from the Fed will present a draft of the forthcoming study in a Town Hall meeting this Thursday at the ATM & Mobile Innovation Summit in Washington, D.C.

Oregon to allow payment of insurance claims via ATM card

The rule requires that the recipient be able to make an initial withdrawal of the entire amount due without delay or cost.

CBN overturns fee moratorium for off-us ATM withdrawals

Nigeria's apex bank has reversed itself once again as the government tries to realize its vision to become cashless (or, at least, less cash-driven) by 2020.

PCI SSC announces proposed 2015 special interest group projects

Security guidance for ATMs is one of several projects proposed for consideration next year by the PCI Security Standards Council.

Big Apple, Big D get Bitcoin ATMs

Manhattan got its first Bitcoin ATM this week, as did Dallas. But surprisingly, neither of these mega metro areas is the first in its state to stick a pin in a United States Bitcoin ATM locator map.

Patent auction to offer up ATM intellectual property rights package

An upcoming intellectual property auction gives bidders the unusual opportunity to become their own ATM patent assertion entity.

CFPB complaint portal will spread rumors, falsehoods about financial services, FSR fears

The Financial Services Roundtable has expressed deep concern about a Consumer Financial Protection Bureau plan to post unverified, anonymous complaint narratives on a government Web site.

Retailers petition Supreme Court to review debit fee cap ruling

Retailers dispute the appeals court ruling about fee caps, but seem to accept its ruling that one network each for signature and PIN debit is sufficient.

FTC proposed patent troll study gets go-ahead from OMB

The commission has congressional authority to collect nonpublic information from patent assertion entities, which will provide a better picture of their activities.

RBI issues notice of fee structure change for India's ATMs

The Indian Banks' Association petitioned for a reduction in the mandated number of free transactions due, it said, to increasing costs to install and operate ATMs.

CFPB issues advisory on digital currency risk, invites consumer complaints

The CFPB has previously shown an inclination toward rule-making in response to consumer complaints; now it has Bitcoin and other digital currencies in its sights.

Former FBI executive assistant director to deliver keynote at ATM & Mobile Innovation Summit

Shawn Henry, now the president of tech security firm CrowdStrike, will discuss the grim realities of today's hacking environment; his team of security experts will follow up with a live demonstration.

Bitcoin Foundation puts New York on the spot over BitLicense proposal

The foundation proposes an exhaustive cycle of drafts, comment periods, re-drafts, and more comment periods in order to thoroughly vet the proposed regulations.

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ATM Future Trends Report

The 2012 edition of the ATM Future Trends Report, brought to you by ATM Marketplace and the ATM Industry Association, surveys a cross-section of the financial services industry. Representatives from banks, credit unions, EFT networks, transaction processors, ATM manufacturers and independent ATM deployers come together to answer questions surrounding five-year trends, predictions, opportunities and challenges for the ATM industry.