Costs associated with the Apple partnership might accelerate financial institutions' plans to release their own mobile wallets — perhaps even with some help from merchants.
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.
Some forward-looking independent ATM deployers have begun to develop strategies for implementing contactless ATM transactions.
Are financial institutions shooting themselves in the foot by charging their customers to use other providers' ATMs?
The process of moving to EMV technology can seem overwhelming, but thorough planning, communication and coordination can help make the transition a success.
The question remains, with Apple Pay fully implemented and consumers and merchants all engaged, will our need for cash be affected?
The potential for interaction between the ATM and the device consumers see as key to their lifestyle — the smartphone — could increase the perceived value of the ATM in their banking routine.
'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.
The notion among certain groups that ATMs are obsolete has been pervasive for many years. However, data suggests that the ATM and its industry are far from their demise.
With literally hundreds of mobile wallets in the marketplace, how are FIs - not to mention consumers - supposed to settle on just one?