Lamassu selects Switzerland’s Crypto Valley for its headquarters

January 3, 2019

Lamassu, the oldest bitcoin ATM manufacturer, has selected Switzerland's "Crypto Valley" in Lucerne as the site for its headquarters, according to bitcoinist.

Mercator report reveals most consumers prefer credit cards

January 3, 2019

Mercator Advisory Group recently discovered that 62 percent of U.S. households use credit cards and 46 percent prefer using them for in-store payments…

UK supermarkets win ATM business rate case

January 3, 2019

Multiple U.K. supermarkets including Tesco, Sainsbury's and Co-op recently won a court case at the Court of Appeal regarding a ruling on ATM bills. The…

Facebook under Congressional scrutiny over data sharing practices

by David Jones — Editor, Networld Media Group

Facebook is facing increased calls from privacy advocates, public officials and others for government regulation and investigation following allegations of…

German union calls for ATM workers strike

January 2, 2019

Verdi, Germany's United Service Trade Union, has called for a strike of its 12,000 cash transport workers today in hopes of securing a €1.50 ($1.701) hourly…

Reserve Bank of India tells banks to dump magstripe credit, debit cards for EMV

January 2, 2019

The Reserve Bank of India is asking all banks in the country to stop using old credit and debit cards with magnetic stripes to make way for EMV encoded cards…

Nigeria's Diamond, Access to offer free ATM use amid merger deal

January 2, 2019

Customers of Nigeria's Access Bank plc and Diamond Bank plc, which announced an deal to merge into a single financial entity, will have access to free ATM use…

Maine pranksters set up ATM in the woods

December 31, 2018

Two women named Sarah Doremus and Buzz Masters recently installed a broken ATM in a rural area in North Deer Isle in Maine as a practical joke. The police…

Fees coming to more than 3,000 RediATMs

December 31, 2018

Customers of National Australia Bank will soon have to pay ATM fees at more than 3,000 RediATMs, starting Jan. 1. They will have to pay a $2 transaction fee…

Lancaster gas station hosts bitcoin ATM with little traffic

December 31, 2018

A Lancaster, Pennsyvlania gas station is playing host to an ATM machine that hasn't seen much use since it was installed, according to a new report.

Bangladesh Bank orders banks to keep ATMs stocked with cash during election

December 28, 2018

The Bangladesh Bank, the central bank of Bangladesh, has ordered banks to keep sufficient cash stocked in ATMS during the 11th general election on Dec. 30…

No More Ransom partners with Microsoft, Cisco for anti-ransomware tools

December 28, 2018

No More Random, an anti-ransomware tools provider, recently added Bleeping Computer, Cisco and ESET as associate partners, and Microsoft, Symantec, Coveware…

Xpress-pay now offering online and mobile payments

December 28, 2018

Xpress-pay is now offering a SubscripXion Plan for online and mobile payments through its portal. Merchants can pay a flat $10 fee per month for unlimited…

How 20th century banking systems fail the 21st century bank customer

Trying to cater to bank customers' needs with 40-year-old systems is as impractical as driving a 1970s car on today’s highways, according to Suresh Ramamurthi…

Visa to acquire UK based global transaction provider Earthport

December 28, 2018

Visa International Service Association, a unit of Visa Inc. known as Bidco, has agreed to pay 198 million pounds for Earthport Plc., a U.K. firm that provides…

Trump considers barring ZTE and Huawei purchases for US carriers

December 28, 2018

President Trump is considering an executive order to bar U.S. companies from using telecommunications equipment made by Chinese companies Huawei and ZTE…

Retail spending jumps 5.1 percent Thanksgiving through Christmas

December 27, 2018

Thanksgiving-through-Christmas spending jumped 5.1 percent this year, exceeding $850 billion, marking the strongest growth in the last six years, according to…

Putting modern payment technologies to the test

Automated testing is an increasingly important consideration as payment providers, retailers and others expand the number of options available option to…

Wall Street remains cool on bitcoin

December 27, 2018

Wall Street businesses Goldman Sachs, Morgan Stanley and others are not embracing bitcoin or other cryptocurrencies, despite some initial interest and…

Cannabis-related bank reform legislation falls short in Senate

December 27, 2018