How PCI is bad for small business

"PCI is completely one-sided," says Mark Horwedel of the Merchant Advisory Group. "Merchants can pay a lot of money to come and give advice while the networks…

Bitcoin fails Finnish money test

January 20, 2014

It's not a Bitcoin ATM; it's a commodity trading kiosk. This would have to be the revised description of the first Bitcoin-selling machine in Finland, which…

Appeals judges unsympathetic to retailers' fee cap, routing complaints

January 18, 2014

Federal appeals court judges heard oral arguments last week in the ongoing litigation in retailers' antitrust suit against Visa and MasterCard. On July 31…

Wells Fargo launches Bitcoin consultative group

January 17, 2014

Wells Fargo has set up a group of experts to discuss rules of engagement with Bitcoin, according to the Financial Times. The group is made up of finance…

Card fraud: The target on the US market's back

After a widely reported Target breach, consumers are being schooled in realities the ATM industry has known for some time.

Consumers lost billions as a result of Durbin regulation

by Terry Dooley — SVP & CIO, ITS, Inc

Economic consulting firm, Global Economics Group, recently released the results of a study exploring the impact of the Durbin Amendment on consumers…

Study: RBR forecasts accelerating growth in ATM market through 2018

January 16, 2014

The number of ATMs installed worldwide increased by more than 180,000 during 2012 to reach 2.6 million at the end of the year. At 8 percent, the global market…

EMVCo to develop tokenization spec

January 16, 2014

EMVCo has announced that it will expand its scope of work from chip-based payments to include tokenization. This will allow the global technical body to…

US IAD survey closing on Friday, Jan. 17

January 16, 2014

The fourth annual U.S. independent ATM deployers survey will close at end-of-day Friday, Jan. 17. Co-sponsors Kahuna ATM Solutions and the ATM Industry…

Where's the beef?

by Terrina Rishel — CEO, ATM Authority, LLC

Remember the Wendy's Old-Fashioned Hamburgers slogan, "Where's the beef?" I've always thought it was one of the cleverest marketing campaigns because it cut to…

SCIL-EMV Academy posts class schedule for first half of 2014

January 16, 2014

SCIL-EMV Academy, a U.S.-based EMV training, consultancy and software solutions provider, has released its EMV public workshop schedule for the first half of…

ATMIA members meet with Fed bankers, X9 committee

January 16, 2014

Twelve ATM Industry Association members were among more than 50 guests at an invitation-only December meeting hosted by the Federal Reserve Bank of…

US government sends warning letter to retailers about ongoing breach investigation

January 16, 2014

Reuters reports that the U.S. government today sent a confidential 16-page letter to retailers, which it says "describes the malicious software and techniques…

Dynamic authentication: A new answer to card skimming

Mimi Hart, CEO of MagTek, explains a new angle on stopping skimmers from using a compromised card. (From the ATM & Mobile Executive Summit in Washington, D.C.)

Why consumers won't adopt EMV

Mimi Hart of MagTek doesn't believe consumer behavior will give EMV a smooth road to adoption. "Mobile has a lot more promise." (From the ATM & Mobile…

On-board biometrics: The next-gen ID card?

January 16, 2014

Oslo, Norway-based Zwipe has developed a biometric card that reads the user's fingerprint, activating in less than a second, a company news release said. Users…

BBVA goes multifunction with new ATMs

January 16, 2014

Spanish FI Banco Bilbao Vizcaya Argentaria is working on two continents to renew its self-service channel. In the U.S., BBVA Compass Bancshares Inc., is…

You can't get rid of the fraud risk until you get rid of the card

With a safer, less expensive alternative available, is it security driving the move to EMV - or stakeholder interests?

Better ATM expands reseller network to include Advanced Network Inc.

January 16, 2014

Better ATM Services, a solutions provider to the ATM and prepaid industries, has finalized a reseller agreement with Advanced Network Inc. As a member of the…

Assume all handsets are compromised

Jim Pitts, project manager of the BITS Financial Services Roundtable, explains why he tells his FI members to expect the worst when it comes to customers…