Sweden getting its first Bitcoin ATM

December 6, 2013

Sweden's first Bitcoin ATM will be on display next Monday at the STHLM TECH Meetup in Stockholm. The machine currently resides in the offices of Safello, which…

Fed files reply in interchange case

December 6, 2013

The Federal Reserve Board met its Dec. 4 deadline for filing its reply to merchants' arguments against the agency's implementation of the Dodd-Frank-imposed…

Collis Brand Test Tool now qualified by Discover

December 6, 2013

In order to process EMV transactions on the Discover Network, acquirers are required to execute the Discover D-Payment Application Specification acquirer…

TSS successfully integrates EPP7

December 6, 2013

Trusted Security Solutions Inc., a provider of secure ATM key management solutions, says it has performed successful end-to-end remote key loading and testing…

Better ATM, Express Teller forge reseller agreement

December 6, 2013

Better ATM Services, a developer of value-added services for the ATM and prepaid industries, and Express Teller Services, a provider of EFT financial service…

ATMIA US 2014 to highlight 'ATM Innovation Showcase'

December 5, 2013

The Integrated Payments Alliance will present the ATM Innovation Showcase and "ATM X-Games" on Feb. 11, 2014, as part the ATMIA US Conference 2014 at the Lowes…

Mobile technology needs financial institutions

by Jim Ghiglieri — Senior Vice President, Corporate Communications, SHAZAM

Tech companies of all sizes are moving into the nation's payments business, putting pressure on financial institutions to innovate. In the ever-evolving world…

Are virtual banks the 'real deal'?

Is alliance with a surcharge-free ATM network a sufficient physical presence, or are bricks and mortar a must? 

Co-op digital wallet to provide pay-anyone payments and global mobile access

December 5, 2013

Co-op Financial Services has introduced a new version of its Sprig digital wallet platform with new services from its long-standing business partner…

Chinese Central Bank bans banks from Bitcoin transactions

December 5, 2013

The People's Bank of China has ruled that Bitcoin is not a proper currency and has barred Chinese banks from handling it, Finextra reports.

Lamborghini dealership accepts Bitcoin for car purchase

December 5, 2013

In what might lend a small bit of legitimacy to the controversial digital payment scheme, a Lamborghini dealership in Costa Mesa, Calif. announced yesterday…

Obstacles still hinder speed and efficiency of payments system

by Terry Dooley — SVP & CIO, ITS, Inc

Federal Reserve Bank of Cleveland President Sandra Pianalto recently said the central bank, which handles more than "$3 trillion a day to pay for goods…

Beijing bank's new ATM is no mere cash machine

December 4, 2013

About the only currency it doesn't dispense is Bitcoin: New ATMs at Beijing’s Hua Xia Bank offer customers the option to take their withdrawal in the form of…

First Data jettisons 500 jobs in Denver

December 4, 2013

Beleaguered payment processor First Data has eliminated more than 550 positions in its Denver office. The company has said that an unspecified number of Denver…

Cards fail; cash prevails

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

A Cyber Monday system crash at RBS illustrates why the world isn't quite ready to go cashless.

How MagTek's technology works

MagTek CEO Mimi Hart details the inner workings of her company's card authentication technology. Next to her on the panel is CrowdStrike's director of…

ATM emulation helps simplify EMV migration for Chilean FI

December 3, 2013

Like many South American FIs, Santiago, Chile-based Banco Falabella has begun the costly and complicated process of changing over its ATMs to the EMV chip…

WorldPay achieves Discover EMV certification

December 3, 2013

Payments acquirer WorldPay US has successfully completed EMV certification requirements for the Discover network. This completes the company's certification…

Software solution helps Fiserv plug into EMV

December 3, 2013

Aconite Smart EMV Manager, a software plug-in that equips existing card authorization systems to process EMV card transactions, has gone into production at…

How mobile is getting compromised

"The bad guys know that it's moving toward mobile, and they're already there," said Adam Meyers, director of intelligence for CrowdStrike. "There's no way you…