Cash is still tops for convenience, payment study finds

However, the survey also found that cash (and checks) experienced the greatest decline in use over the last year.

FEATURES


Breaking the ice: The US meets cash recycling ATMs (finally)

With the launch of what they believe to be the nation's first cash recycler in New York City, Elan and Hyosung say the US market is warming up at last to the cost-saving device.

Blink and you'll get it!

Picture this: MasterCard is piloting a security scheme that will approve bankcard purchases with a selfie — and a blink.

Cards and payments: Renew the old, bring in the new

Card and payment providers are invited to take an industry survey about the priorities, challenges and benefits ahead as they undertake a "new and renew" transformation in payments.

Legal tender? Time to reexamine the cost of cash

Cash has a cost for sure, but the real question is what price is a world without cash? The cost of ditching it could be a lot higher than many people realize.

Hell's Bells — no more transaction fees!

Payments software giant ACI Worldwide has acknowledged that, in the future, users of licensed payments solutions won't look favorably upon vendors charging transaction fees.

The Bitcoin ATM: An objective view

The new 'Bitcoin ATMs 101' guide from ATM Marketplace cuts to the chase on the risks and rewards of mixing traditional and virtual currencies at the ATM.

Under the Milky Way tonight ...

How brightly do our systems shine today? How proudly do we stand beneath the overarching technology we rely on to compete in today's business world?

Torching mom and pop

With the major card schemes looking to offload up to $6B in annual card fraud beginning this year, the EMV risks to 'mom-and-pops' will grow exponentially.

The FI’s opportunity in a mobile payments world

As mobile banking and payments converge, financial institutions have the benefit of one critical advantage over non-FI competitors: customer trust.

5 ways to boost your ATM revenue

True, interchange rates are beyond an the control of IADs. But those who focus on factors that are within their control have the opportunity to grow their transaction counts — and their business.

See More »

NEWS


CDS, Triton partner on direct currency conversion at ATMs

With the addition of the Triton brand, Columbus Data Services says that it now offers DCC support for all major ATM hardware vendors.

Entries due July 31 for ATM, mobile payments tech awards

Awards will honor Innovative FIs and ATM and Mobile Tech providers, as well as acquirers demonstrating excellence, leadership and initiative in EMV implementation.

MasterCard invites customer input at digital security lab

The broadened mandate of the lab will encourage joint problem-solving for fraud and risk in payments, MasterCard says.

Cachet inks deal for prepaid mobile partnership

Sole Financial's Visa Paycard program will now feature a mobile app that cardholders can use to pay their wireless bill, transfer funds and reload money.

Thai mobile operator taps TNS to boost PCI DSS compliance

AIS says it's the only mobile provider in Thailand to offer a communication network with high-standard PCI DSS system support for ATMs and merchants.

Euronet acquires international currency exchange specialist XE

XE will contribute digital expertise to the Euronet money transfer segment and provide a substantial online presence for the company, an announcement says.

TSYS, US Bank re-up agreement

Under the long-term agreement, TSYS will continue to support the FI's card payment services and acquiring business, the company says.

Auriga marks growth in regional offices, revenues

The Italian company said that fiscal year 2014 produced 23 percent sales growth, helped by its success in securing significant international orders.

WSFS Bank intros cardless cash withdrawal at branch ATMs

WSFS says it is the first FI in the region — and just the fourth in the nation — to offer an option for cardless cash withdrawal at its ATMs.

SPA updates report on card authentication methods

The Smart Payment Association has revised its publication, "Strengthening Card Authentication: A migration to DDA," to reflect an evolving payment environment.

PAI adds ATM fundraising functionality

Users of ATMs with Digital Donations functionality can make tax deductible donations to charitable causes along with their everyday transactions.

Cardtronics acquires CDS

The $80 million deal brings Cardtronics a dedicated, purpose-built technology platform serving ATM deployers in the independent retail sector, the company says.

Canadian consumers keen on credit cards

In the space of just one year, Canadians' preference for credit cards as a payment method spiked from 34 percent to 46 percent, a recent TSYS poll reveals.

ANZ, CR2 partner to intro UnionPay acceptance at ATM, POS

Phase one of the project went live last month, making ANZ the first bank in the Southern Hemisphere to accept contactless and EMV-enabled UnionPay cards.

UK FI turns to Authentic solution for improved payment operations

The Alaric platform supports triple-DES connectivity, an upgrade to the Link Information Security Standard, and improved device functionality, parent company NCR says.

See More »


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.