A new research paper by three economists predicts that the little guy will shell out more money as FIs seek relief from the revenue-slashing effects of the interchange cap.
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.
'Kicked the bucket? Shuffled off the mortal coil? Joined the choir invisible?' Not the essential, adaptable ATM.
“There needs to be a move beyond cash in order for the vast majority of the people in the world to become full working participants in, and beneficiaries of, the economic system,” said Leland Englebardt, group head, global network products...
An ex-employee sued McDonald's claiming that its policy of paying unbanked employees' wages via prepaid meant that her income was eaten up by card fees. A panel of payments experts tackles this difficult issue at the ATM & Mobile Executive Summit in Washington, D.C.
Now offering FDIC insurance and paper checks, the prepaid is looking like an online bank with ATM branches.
As the underbanked increasingly choose prepaids for their money management needs, new opportunities arise for the ATM industry.
The up-and-coming nation has ambitious plans for improving its current ATM-to-citizen ratio of 1:13,333.
ATMs, mobiles and kiosks play nicely together, enabling financial inclusion in developing countries.
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Watchdog bureau will seek public comment on consumer safeguards.
The report provides a perspective on walk-in bill payment market transactions, dollar volume, and revenue, and highlights changing trends.
The patent offers a solution for transactions at a payment kiosk, or 'reverse ATM,' in which a customer must either insert exact change for a payment or round up to the next dollar and forfeit any change due.
The technology will allow Banco del Pacifico to expand into underbanked regions by reducing the frequency and cost of cash replenishment visits.
The FI's customers can now send money to anyone in the country, even if the recipient doesn't have a bank account.
Customers of mobile money network MTN will be able to obtain cash at 147 Centenary Bank ATMs across Uganda.
Global Payout will purchase 100 percent of Maxie Mobile, a company that enables payments and ATM withdrawals from a prepaid mobile account.
The total dollar volume loaded through card malls grew 19 percent in 2013, and new research says growth will continue.
FNB won the award for its successful implementation of the NCR SelfServ 4 slim line kiosk, using a custom platform that supports the FI's inclusion banking strategy.
The concept is now being tested in a 90-day pilot, after which the partners are prepared to roll out a nationwide deployment of several thousand machines.
Following a one-year waiver period, cash withdrawals via teller or ATM will be subject to a fee of up to 5 percent as the Nigerian government carries out its plan to retool the nation's cash-based economy.
In an effort to reach the three-quarters of Peruvian adults who are currently unbanked, the country's principal FI is embarking on an ambitious plan to install more than 1,000 new ATMs.
American Express this week announced that its full-service reloadable prepaid account, Serve, is now available through 4,100 Walmart stores nationwide. Serve customers can add cash to their account for free at 19,500 Walmart, CVS and participating 7-ELEVEN locations in the...
Walmart and Ria, the money transfer service owned by Euronet, have announced the Walmart-2-Walmart Money Transfer Service. Beginning April 24, customers will be able to transfer money between Walmart stores nationwide for up to half the cost of other providers,...
The ATM Industry Association has created a new U.S. Underbanked Forum whose goal is to foster the development and deployment of ATM solutions that respond to the needs of the un- and under-banked. Dramatic growth in the smartphone and mobile...
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The Reserve Bank of India wants to make it possible for anyone to send money to another party, regardless of whether that party has a bank account. All the users would have to have is a mobile phone.
According to a report from LiveMint, a government intermediary will be set up to facilitate the transactions.