Cash is half of the US payments pie

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Those who prefer cash use cash. Those who prefer cards use cash. In short, everyone uses cash, according to the new Fed study 'Consumer Preferences and the Use of Cash.'

FEATURES


Fed study fills in the numbers for ATM transaction volumes and values

A study by the US Federal Reserve indicates that Americans are making fewer trips to the ATM, but taking out (or depositing) more cash when they do stop by.

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...

With ATMs, meet boomers where they live, millennials where they work

With ATMs acting more like branches and branches acting more like oversized ATM vestibules with live bankers, the industry finally has the agility to serve customers at the location of their preference.

Could Apple or Google smash the banks?

Tech giants don't need to compete head-to-head with traditional banks and payment networks — they can simply innovate around them.

A look at the booming market of Bitcoin ATMs

An ATM Marketplace gallery of notable brands, photos and features from the rapidly expanding list of crypto-currency terminals.

How does Brazil score in financial services?

With more ATMs (118:100K) and plastic than anyone else on the continent, Brazil is a clear winner. But how does it rate internationally?

A very big roll of the dice ...

As HP moves to change the way we think about computers, it might be that ATMs will not change that much after all, but everything behind their façade will be barely recognizable.

Is real-time banking fast enough?

As more countries bring real-time money movement to their consumers, it raises the question, is real time fast enough?

'EMV BITES!'

You might agree with EMV detractors, but what really matters is that MasterCard and Visa have decided that it has value in combatting fraud at the ATM.

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NEWS


Wincor Nixdorf cuts earnings forecast, cites sagging markets

The company expects flat earnings year over year, but still expects EBITA to grow on sale of Singapore facility.

Gov't regulators should question motives of those who seek to eradicate cash

A newly published position paper by ATMIA highlights the value of cash as a 'publicly minted trust.'

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...

Big data for debit: Marketing tool or money pit?

A new research note answers questions asked by retail bankers and debit issuers who wonder whether - and how - they can benefit from big data analytics.

In Norway, 5 years to cashlessness

Already, cash accounts for less than 5 percent of transactions in Norway. But not all Norwegians like the idea of having to leave an electronic trail with every financial exchange.

FCU adds RDC as component of customer self-service strategy

FedChoice FCU, a federal employees credit union serving nearly 25,000 members, has implemented QwikDeposit ToGo from Bluepoint Solutions for mobile remote deposit capture.

Prepaid cards No. 1 in growth for June

Prepaid cards took the biggest hike of any noncash payment method in June in terms of dollar volume — barely, beating out credit by just one-tenth of a percent.

Europe's ATM base grows overall despite country-specific declines

The number of installed ATMs in Europe grew by 2 percent in 2013, to 634,000. However, of the 33 markets surveyed, more than half contracted during the year, an RBR study found.

EAST reports first 'jackpotting' incidents in latest ATM fraud update

Four countries reported ATM malware incidents related to cash-out or 'jackpotting' — an alarming fraud variant that's new to Western Europe. The European ATM Security Team has published its second European Fraud Update for 2014, based on country crime updates...

Study: Card fraud victimizes one in four consumers worldwide

According to a fraud study of more than 6,100 consumers across 20 countries, one in four consumers has been the victim of card fraud within the last five years. The study, conducted by ACI Worldwide and Aite Group, also indicated...

Banks in Brazil, Russia, Italy are those most often attacked by malware

For the reporting period of April 19 to May 19, financial institutions in Brazil, Russia and Italy claimed the dubious honor or being most often attacked by financial malware, according to the latest monthly report from Kaspersky Lab. The security...

Isis will rebrand mobile wallet to disassociate itself from terrorist group

Mobile wallet provider Isis today announced it will rebrand its product to avoid any kind of mistaken association with the extremist militant group ISIS, or the Islamic State of Iraq and the Levant. Isis said in an email to news...

Survey participants wanted for mobile-ATM integration study

ATM Marketplace is seeking participants from the banking industry to participate in an online survey on the subject of mobile/ATM Integration. The survey is currently open and all individuals representing financial institutions are welcome to participate. Survey results will be compiled and analyzed in the 2014 Mobile-ATM Integration Guide.

Immobilized: Nearly half of US consumers couldn't go a day without their smartphone

More important than a toothbrush? A new US Bank study drives home just how indispensable U.S. consumers consider their mobile devices — including for mobile banking.

NatWest, RBS allocate $1.7B to improve digital services, ATM access

Funds will be used to enhance mobile and online banking, upgrade branch technology, and improve access to cash, with the addition of nearly 100 new ATMs.

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What trends will affect the ATM industry over the next one, five or ten years? Find out in this Research Center dedicated to ATM trends and statistics.