New RBR report appraises a booming Chinese ATM market

A new RBR report profiles the Chinese ATM market, including growth opportunities — and government regulations that disadvantage foreign providers.

FEATURES


Money mules a stubborn problem for ATM operators

Money mules are the "last mile" to launder funds gained from illegal activity — and ATMs are often their first stop.

ATMs, electronic benefits ... and the long arm of the law

State legislatures are imposing increasingly restrictive rules on welfare recipients — and are expecting ATM operators to police them.

Lawmakers take an interest in electronic payments

Both branches of Congress have formed bipartisan caucuses focused on payment technologies and data security in the US.

USPO review invalidates 'abstract' check imaging patent

Whether this is great news or just 'sort of good news' to companies paying royalties to DataTreasury might depend on their licensing or settlement terms.

'Am I my cardholder's keeper?'

Should ATM providers answer for the poor judgment of end users? A federal case in Oregon could hold the answer.

Do EMV upgrades trigger ADA review?

IADs whose ATMs were not up to ADA standards as of March 15, 2012, might want to review their portfolio before simply buying EMV upgrade kits for existing machines.

ATM fee placard lawsuits and the 'substantive' right to save time

The Reg E rollback scrapped a federal requirement for redundant fee notices at ATMs, but the letter of the law still trumps logic in pre-repeal lawsuits.

The bitcoin-ISIS connection

An analyst says he has found proof that the terrorist organization is using virtual currency to fund its operations.

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.

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NEWS


India considers looser regs on white label ATM investment

The motive behind the move is faster integration of India's unbanked millions into the nation's financial system, a report says.

Florida men charged with bitcoin money-laundering

The suspects were arrested for their alleged connection with a scheme that sanitized approximately $1.8 million in illegal proceeds over two years.

After 6 months, India's ATM withdrawal limits show mixed results

The central bank seems to have been correct in saying that the new regs would not adversely affect banks ... but the story could be different for consumers.

New video provides easy-to-follow overview of US common debit AID

The video explains how US common debit AIDs facilitate debit transactions and ensure compliance with the Durbin Amendment.

Why is cash still king? Crime, Europol suggests

Cash is slowly falling out of favor with consumers, but is still a preferred method for laundering ill-gained profits, the European law enforcement organization says.

Aussie Senate to investigate 'infuriating' ATM fees

Members of Australia's Labor and Greens parties called for banks to justify the 'pure profit' they make by charging off-us fees.

FIS opens Center for Regulatory Intelligence in DC

​The center will provide insight on regulatory changes in order to help financial services clients stay compliant with new regulations, the company says.

Kansas pols pass quick fix for controversial ATM cash limit law

Under threat of federal intervention, the state backtracked on a $25 daily limit for ATM cash withdrawals made with prepaid EBT cards.

Fed to explain reasoning behind Durbin interchange fee calculation

US District Court Judge Richard Leon expressed pessimism that 'everyone could be happy' with the promised guidance.

Banco de Chile taps Wincor Nixdorf for 500 extra-secure ATMs

The new units comply with a government mandate that calls for the replacement of every ATM in Chile with a more physically secure device by 2018.

ATM lottery tix nixed in Minnesota

By an overwhelming majority, the Minnesota legislature last month passed a law banning the sale of lottery tickets at ATMs and fuel pumps.

Final BitLicense rules released

New York has released the final version of BitLicense, solidifying the regulatory framework in the state.

ATM cash limit for TANF recipients puts Kansas crosswise with Fed

The legislature will have shot itself in the foot if a daily ATM cash limit of $25 for welfare recipients costs the state $102 million in annual block grants.

CFPB ropes payment processors into lawsuit against bogus debt collectors

The suit claims that the payment processors 'knew, or should have known, that the debt collectors were engaged in unlawful conduct.'

Kansas legislature caps TANF daily ATM cash withdrawals at $25

Apparently, legislators forgot that most ATMs dispense banknotes in multiples of 20 or 10, making the effective limit for most needy families $20.

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