12 months on, bitcoin ATMs are making money

Lamassu says that its Bitcoin ATMs have been paying off their initial investments short order, drawing $1,000–$3,000 in gross profits monthly.

FEATURES


Fed's controversial 'Choke Point' collars ATM processors

The government's Operation Choke Point initiative has put a stranglehold on many law-abiding businesses — including payment processors and pornographers.

EMV chip-and-signature: The mirage of protection

Without a holistic approach to user and transaction verification we're only presenting an appearance of protection — one that will vanish when tested by sophisticated cybercrooks.

Virtual currency dominates day one of Money 20/20 conference

Ben Lawsky, New York's superintendent of financial services, addressed the status of the state's controversial BitLicense regulatory framework.

Two merchants pull the plug on NFC (and Apple Pay) as MCX looms

CVS and Rite Aid turned off NFC support last week, raising the ire of Apple supporters who vowed to take their business to Walgreens.

Using cash for small purchases shows a consumer's age

A recent study found that consumers under age 30 are much more likely to use plastic even to pay for purchases under $5.

Apple Pay: A short-term plan for 500 banks?

Costs associated with the Apple partnership might accelerate financial institutions' plans to release their own mobile wallets — perhaps even with some help from merchants.

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.

Will EMV lead to more contactless ATMs?

Some forward-looking independent ATM deployers have begun to develop strategies for implementing contactless ATM transactions.

The ATM industry's foreign fee fiasco

Are financial institutions shooting themselves in the foot by charging their customers to use other providers' ATMs?

Considerations for EMV migration at the ATM

The process of moving to EMV technology can seem overwhelming, but thorough planning, communication and coordination can help make the transition a success.

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NEWS


Vietnamese bank accelerates ATM network growth with FIS switch solution

Solving its scalability issues has allowed the bank to expand its ATM network by 100 machines in less than 90 days.

Real time payments coming soon ... or not?

A new report from Mercator Advisory Group considers opportunities in real-time payments for US service vendors and financial institutions.

HP study investigates trends in electronic payment methods

Of 634 IT professionals surveyed, nearly half said virtual currencies will be widely used within in five years, and that they eventually will overtake paper currencies.

Asia-Pacific takes over No. 1 spot as largest EFTPOS region

New research from London-based strategic research and consulting firm RBR shows that the installed base of EFTPOS terminals in the Asia-Pacific region expanded by 30 percent in 2013, putting the region in first place ahead of North America, which grew...

Card issuers pick up the pace of EMV promotion

Mentions of EMV charted a dramatic increase from 3 percent of estimated direct mail acquisition pieces in Q1 2014 to more than 33 percent in Q3, one monitoring company says.

Travelex, Wincor re-up ATM processing contract for 7 years

Wincor Nixdorf will continue as processor for Travelex ATMs in Europe, and will migrate devices in Asia Pacific and North America onto its global platform, as well.

Elan licenses MasterCard common AID

Licensing the MasterCard common application identifier allows Elan to facilitate US domestic debit transactions on the network in accordance with Durbin routing requirements.

Study: Mobile transaction users to top 2B by 2017

The consumption of services such as banking, money transfer, as well as purchases of goods and services via mobile device is surging, Juniper Research says.

Report notes rising consumer demand for new debit services

One of the top items on consumers' wish list is enhanced security — and it's important enough that many are willing to pay for it.

Phoenix Xpression seeks to transform branch transformation

The company's new software offering promises to migrate the experience — not just the transaction.

Source Technologies debuts personal teller solution at BAI

The new self-service device features customizable customer authentication and multidenomination cash acceptance and dispensing.

Mahindra Comviva debuts mobile money service in Zimbabwe

The company says its connectMoney Service Manager creates an industry benchmark for mobile money by connecting financial open systems powered by MasterCard and other card networks.

UK test solutions provider adds US common AID to test suites

The test tool platform and test card packs from British provider ICC can now facilitate EMV implementation and rollout for its clients in the U.S.

CU24 extends agreement with Allpoint surcharge-free network

CU24 participating credit unions will be able to continue to offer their members access to funds at 55,000 Allpoint Network ATMs in four countries.

New Ensenta patent addresses RDC 'problem images'

Check Edit Express enables efficient and early editing of problem images submitted via ATM, mobile phone, kiosk or desktop scanner.

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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.