It's fitting that we kick off summertime in the U.S. with the Memorial Day running of the Indianapolis 500. It's a friendly reminder that the season will blow past us faster than a Team Andretti IndyCar.
Meanwhile ATM owners across the nation will be gearing up for the Oct. 1 EMV liability shift (a deadline that a huge swath of the nation's 425,000 ATMs will miss). In fact, two top-five features in May focused on EMV-related issues that have fueled recent litigation and stalled the migration efforts of many deployers.
In case you missed one of these stories — or other popular features on mobile wallets, IT management and ATM manufacturers — we've assembled the following countdown of our most-read pages for May.
5) From game-changer to game over: CurrentC leaves the field
After four years, millions of dollars invested and one limited pilot test, retailers behind the much-touted, oft-delayed mobile wallet have more or less called it quits. In May, the Merchant Customer Exchange announced yet another delay — an indefinite one, this time — in the rollout of its CurrentC mobile wallet, as well as the layoff of approximately 30 employees. read more ...
4) Durbin goes after the card networks again; this time over EMV
We shouldn't be too surprised if, in the not-too-distant future, Senator Dick Durbin, D-Illinois, proposes legislation to manage EMV implementation and administration in the United States. We should be even less surprised if his proposals make the card companies scream bloody murder. read more ...
3) Are the card schemes digging their own grave with the EMV liability shift?
In an effort to offload billions of dollars in annual fraud costs to banks, processors, merchants, ISOs and IADs, MasterCard, Visa, AmEx and Discover hatched a scheme several years ago to bring EMV to the U.S.
The beauty of the plan, called a "liability shift," was that it could be sold as voluntary, secure and customer-friendly. read more ...
2) Diebold gets off to a rough start with 2016 earnings
Diebold Inc. saw "many positive developments" in the first three months of 2016, according to president and CEO Andy Mattes. But none of them paid off in time to keep the company from falling short of expectations on the Street. Year-over-year revenue was down 11.3 percent in Q1, including a drop of 20 percent in product revenue. read more ...
1) 6 reasons to outsource IT and ATM services
To accommodate today's digital world and the way millennials like to do business, financial institutions are embracing more self-service and less personal teller interaction, but still offering convenience and value-added services. read more ...
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/ Suzanne’s editorial career has spanned three decades and encompassed all B2B and B2C communications formats. Her award-winning work has appeared in trade and consumer media in the United States and internationally.