The ATM industry: Bound for ... where?

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

FEATURES


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.

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.

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NEWS


Study: The divergent paths of digital currency regulation

Authorities globally have taken a wide variety of positions on the regulation of digital currency, making it hard for payment industry players to provide technology that will support digital currency transactions.

US gov't to introduce EMV for EBT cards

Following on high-profile data breaches originating at POS terminals, the Obama Administration is reportedly taking measures to ensure the security of electronic benefits payments data.

ATM fee foe sues central bank

A rights activist is petitioning Nigeria's federal court to rescind an order that reversed a 2012 ban on foreign fees.

New York issues emergency rule on ATM safety compliance reporting

The emergency rule precedes planned amendments that will require semiannual reporting of security compliance at institutions' ATM facilities.

New best practices guide tackles ATM software security threats

The new ATMIA manual advises deployers on security governance; software operational policies; threats to ATM networks; payments security and more.

CU24, MasterCard ink EMV licensing deal

The agreement allows CU24 to route EMV card transactions bearing the MasterCard U.S. common application identifier over its payments network.

New Jersey bill seeks restrictions for ATM balance inquiry fees

The bill would impose a penalty of $1K per day for failing to disclose the fee in a prominent on-screen notice and allow the consumer to opt out of the transaction.

Russia's Ministry of Finance establishes penalties for virtual currency

Russia develops a bill establishing penalties for use and generation of virtual currency such as Bitcoin.

NCR to receive $93M following appeals court win in Fox River cleanup case

The court overturned rulings that had held NCR 100 percent liable for cleanup costs related to the production of carbonless copy paper from 1954 to 1972.

ATMIA makes a case for changing Reg II routing rules

The association contends that competition between payment networks is eroding due to the unintended consequences of the Durbin Amendment.

Bangladesh bans Bitcoin

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

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.

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