EthSwitch, BPC partner to create national switch infrastructure for Ethiopia

BPC's SmartVista will provide a central transaction switching platform to give customers access to their money and other financial services regardless of home bank.

FEATURES


IADs must improvise to survive: How DCC can help boost revenues

Shrinking interchange, increased competition and growing operational expenses have taken a toll on ATM profitability. But advances in technology can help IADs claw back some of those losses.

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.

Quite the tale: Tying up loose ends

It came as a surprise to discover that a free-standing white-label ATM I was about to use had something strange going on — a highly conspicuous communications 'tail' running who knows where.

Will smart cards leapfrog mobile?

The ability to securely download apps to a consumer's smart card has been demonstrated. But why is this important to a market that is already moving toward mobile payment?

New guide caters to restaurateurs, retailers looking to boost income with ATMs

'How to Profit from ATMs: A Guide for Retailers and Restaurateurs' delivers 40 pages packed with essential information about the business of owning, operating and earning revenue from ATMs.

PayToo bridges mobile and ATM worlds with cardless cash access for the unbanked

The company's mobile wallet, which combines telecom and payment services, is crossing over to the ATM market to provide card-free cash access at PayToo-enabled Genmega ATMs.

Who's on first and who will lead down the stretch ...

The 'Acquiring and Switching Vendor Comparison Report' by PayX International is about as good a summary as you'll find when it comes to comparing payment processing platforms.

Cardtronics continues its upward course through Q2

With profits up 25 percent year-over-year, Cardtronics is looking like a company with plenty of blue sky ahead.

The 'cashless street': useful experiment or shameless PR stunt?

Who benefited from the one-day, cash-free tryout in a Manchester, UK, shopping district? We can give you a hint: It wasn't the customers or the merchants.

Card blocking, consumer alerts are keys to fraud prevention

Financial organizations are on high alert regarding payments fraud in the wake of recent high profile customer data breaches. Although overall payments fraud has decreased, attacks targeting debit and credit cards continue to rise. The majority of financial service companies...

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NEWS


Smartphone camera is focal point for mobile banking growth, Malauzai says

The smartphone camera is the perfect conduit for mobile banking innovation as accountholders embrace the idea of conducting financial business via pictures, the company says.

New switch to help Indonesia's regional banks compete with major FIs

Infrastructure on the Way4 processing platform will provide connections between all provincial regional development banks, existing local and domestic switches, mobile operators and billing aggregators.

McGraw-Hill FCU, Co-op expand card processing relationship

The ATM and PIN debit processing agreement between the FCU and the California-based CUSO will broaden to include credit and signature debit services.

India's banks discussing use of local languages on ATM receipts

English and Hindi - both of them official languages - are currently used, however local language users, especially in rural villages, often do not speak either.

Ascert adds EMV testing and certification capabilities to hosted services

The cloud-based solution aims to ease an expected testing and certification bottleneck as ATM liability shift deadlines approach.

Global Payout bids to acquire prepaid-based mobile banking provider

Global Payout will purchase 100 percent of Maxie Mobile, a company that enables payments and ATM withdrawals from a prepaid mobile account.

Supervalu the latest brand to report data breach

The company doesn't specify that PIN numbers were stolen, but refers to 'other numerical information' in the announcement that its POS system was compromised.

First Data SpendTrend analysis: Credit cards tops in payments for July

The dominance of charge purchases reflects consumers' preference for credit when it comes to big ticket purchases like air travel and hotels.

Research: 'Preparing for 2015: The Year of the Liability Shift'

A new Mercator research note explores factors influencing the willingness, motivation and speed of payments players in implementing EMV technology.

Check fraud solution detects suspicious activity using cross-channel analytics

Detection capabilities are based on the solution's integration with core systems, check processing systems, and even ATM image archives.

US Bank ATMs enable donations to Red Cross wildfire relief effort

Donations will go directly to the Red Cross, which will use the funds to assist victims of wildfires in Oregon and Washington state.

CFPB study raises new concerns about ATM, debit overdrafts

Despite regulatory changes, the agency still frets about overdraft fees, saying they "should not be 'gotchas' when people use their debit cards."

TD Bank serves up a memorable, multichannel 'thank you' to customers

In addition to phone, online and branch giveaways, the FI created some spectacular surprises for selected customers at the 'automated thanking machine.'

Study looks at opportunities for payments industry to migrate to digital payments

New research from Mercator presents case studies that illustrates best practices for transitioning into digital distribution. The competitive landscape for payments is rapidly changing with the emergence of new technologies and consumer preferences for virtual, digital, and mobile products. Companies...

Russia retracts demand for massive security deposits from Visa, MasterCard

The government has dropped its requirement that the companies put up an estimated $2.9 billion in security deposits, but some restrictions still apply.

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ATM transaction processing is a core function of the ATM business equation. This Topic Center focuses on ATM transaction processing and the companies who provide processing services.