Banking services, ATMs go mobile in rural India

August 9, 2018

Guntur District Cooperative Central Bank in the eastern Indian state of Andhra Pradesh state, has launched mobile ATM vans and a mobile app in order to serve…

Coinsource passes 200 bitcoin ATM mark with Florida deployments

August 9, 2018

Bitcoin ATM operator Coinsource has added 17 new machines in Florida, lifting the company past the 200-machine mark and expanding the company's presence in the…

ATM malware sellers branching out

August 9, 2018

At least one ATM malware purveyor on the dark web is broadening its portfolio to include bitcoin ATM malware.

OptConnect Welcomes Paula Beck as Senior Sales Manager

OptConnect, a leader in the managed wireless connectivity industry, today announced the hiring of Paula Beck as Senior Sales Manager. Beck will oversee the…

Authorities throw the book at 3 members of Fin7 cybercrime gang

August 8, 2018

Three high-ranking members of a sophisticated international cybercrime group operating out of Eastern Europe have been arrested and are in custody facing…

New threats demand renewed attention to ATM physical security

With the number of brute force attacks on on ATMs on the rise — and, if they are successful, the potential to lose tens of thousands of dollars in just a few…

Bitcoin ATM installed base quadrupled in 2017

August 7, 2018

The bitcoin ATM market grew at an amazing rate in 2017, more than quadrupling in number over the course of the year, according to data from Statista.

Mobile banking trojans a major threat in Q2

August 7, 2018

The number of mobile banking trojans peaked at a historic high of 61,045 in Q2 2018, a three-fold increase compared with Q1. In descending order, the top three…

MobileOnMoney ATM installations reach 10K mark

August 6, 2018

MoneyOnMobile Inc., an India-focused mobile payments technology and processing company, has announced that the number of MOM ATM units deployed in India has…

New IBM X-Force Red Labs to incorporate ATM vulnerability testing

August 6, 2018

IBM Security has launched X-Force Red Labs, a network of four facilities — to include the company's ATM testing practice — in response to increased demand for…

PCI SSC updates PIN security standard

August 6, 2018

The PCI Security Standards Council has published PCI PIN Security Requirements and Testing Procedures version 3.0, the PCI standard for the secure management…

Diebold Nixdorf and the Terrible, Horrible, No Good, Very Bad Day

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

There's no other way to describe Aug. 1 in the annals of Diebold Nixdorf history. The company reported unpleasantly surprising Q2 earnings first thing in the…

3 longtime PAI execs resign en bloc

August 3, 2018

Three top executives at Payment Alliance International resigned en bloc yesterday: President and CEO John J. Leehy III; Executive Vice President and Chief…

Senate bill would ban overdraft fees on ATM, debit card transactions

August 3, 2018

Legislation introduced in the U.S. Senate aims to curtail the ability of banks to impose overdraft fees on customers.

3 Fin7 members face 26 charges in cybertheft of data for 15M cards

August 3, 2018

Three high-ranking members of an international cybercrime group operating out of Eastern Europe have been arrested and are curren in custody facing charges…

New tools enable app development for Square hardware

August 3, 2018

Square has released a set of developer tools for building custom, in-person checkout experiences, according to a press release. 

Nedbank mobile app provides all-in-one payments through MasterCard, Entersekt partnership

August 3, 2018

MasterCard and Entersekt are collaborating to enable Nedbank customers in South Africa to make QR payments to merchants and billers who accept Masterpass…

Contactless card transactions: A technology whose time has come?

by Will Hernandez — Editor, NetWorld Media Group

A recent study from A.T. Kearney urges FIs en masse to begin issuing contactless cards now that merchants have the necessary payment terminals and consumers…

Boomers nearly 5x more likely than millennials to favor credit cards over cash

August 2, 2018

People age 29 and younger are 93 percent more likely to have a negative opinion of credit cards than people age 59 and older, according to new research from…

CU members score on Prime Day

August 2, 2018

Amazon Prime Day 2018 recorded more than 100 million customer orders, making it a banner day for the e-commerce site, but also for the nation's credit unions…