The bell has rung on the latest round of the Diebold-Hyosung patent matchup. The contenders have retreated to their corners with gloves raised in victory, but so far the punch stats are pretty close to 50-50.
Initially hailed as innovative, it appears that Visa's 'war on cash' is in reality a war on merchant profitability and customer payment choice. However, a 'war on plastic' is a promising business case that could actually be sold to merchants.
Last Wednesday, Visa distributed a press release touting its "Cashless Challenge" campaign in the U.S. On Thursday, the ATM Industry Association responded with a statement taking issue with the campaign, which will award a total of $500,000 — $10,000 each...
Johannes and Margit Sautner have built their thriving international business on dedicated teamwork and a lot of midnight oil.
It seems likely that only serious chargeback pain or terminal shutoff will prompt many US merchants to upgrade their ATMs to perform EMV transactions. Even then, we could see merchant terminal numbers decline by as much as 25 percent.
A Chicago neighborhood is one example of the many anomalies when it comes to the digital discussion and pushing mobile payments forward.
Accurate cash forecasting can be hard. But ineffective cash management can be hard on the bottom line — especially when it comes to ATM operations. NCR offers insights into the capabilities and benefits FIs should expect from their cash management software solution.
Diebold Nixdorf got the ruling they sought against Hyosung in their petition to the ITC, but it won't stop the import to the US of a single Hyosung ATM or affect the operation and servicing of machines already installed.
Through Friday, June 16, Networld Media Group is accepting entries from innovative, consumer-focused financial institutions and fintech providers whose unique strategies and technologies are heightening the consumer experience.
ATM malware makes for big headlines, but ATM skimming still makes up the bulk of ATM attacks worldwide. Many deployers think antiskimming solutions require a tradeoff between uptime and security — is it really just wishful thinking to imagine having both?
Embry's journey in payments has spanned several decades and has relied on a great deal of curiosity, gumption, team work, a little bit of luck ... and four major requirements for success as a career-oriented woman.
The year 2017 is almost certain to be a milestone year for the ATM — not only because it marks the 50th anniversary of the first installed machine, but also because it heralds the beginning of the industy's reinvention of the ATM as a next-gen banking device.
Taxes on ATMs and disputes among ATM providers are creating uncertainty about free access to cash by British citizens — especially those in small communities that have already seen bank branches pack up and leave.
Is today's ATM an innovative technology or an 'old school' invention fighting its inevitable decline? If we all work together to transform the machine rather than simply update it, we can sidestep the commoditization nipping at our heels.
As the number of malware attacks on ATMs grows, it becomes increasingly urgent to protect the machine's bios against unauthorized access. And as ATM Marketplace discovered, the benefits can extend well beyond ensuring BIOS security.
When Sam Kandah finally got the opportunity to immigrate to the US, he made the most of it. He says being in the right place at the right time helped, but it takes more than luck to build a business that operates 15,000 ATMs and provides end-to-end services.
The National ATM Council has repeatedly said that big banks control FICO and use it as a propaganda tool to make retail operators look bad. Yet, the hard data they use to back up their claim actually proves them wrong.
Implementing new technology can be difficult and costly. However, refusing to make changes can cripple your business as the competition adopts the latest innovations — potentially affecting your locations and ATM users.
John Shepherd-Barron was just looking for a way to get cash from his local bank branch at times when the premises were otherwise closed for business. The "hole-in-the-wall" was his answer. And what a brilliant answer it turned out to be.
Here's the message for banks: If you truly want to market new products and continue to effectively pursue cross-selling and upselling opportunities, put distance between what has served you in the past and move more quickly to tap the changing patterns of society.