Bank of America reports surge in Zelle users in 2019

August 21, 2019

Bank of America's person-to-person use of mobile payment network Zelle surged this year. The uptick in usage was driven mainly by millennials and Gen Z in…

Germany's Commerzbank weighs closing hundreds of branches

August 21, 2019

Frankfurt-based Commerzbank AG is weighing the closure of hundreds of branches as it figures out next steps after abandoning plans to merge with cross-town…

State Bank of India plans to ditch plastic debit cards, move to Yono app

August 20, 2019

The State Bank of India, the country's largest lender, is hoping to eliminate debit cards and move to its Yono app for ATM withdrawals and point-of-sale…

3 reasons why banks decommission branches

by Rebecca Cicarelli — Marketing Director, BranchServ

Branch closures are usually triggered by reduced business or consumer traffic, but it's never quite that simple. Here are three events that prompt the decision.

Card skimmers are targeting gas stations and older ATMs

by Amy Castor — Editor, Networld Media Group

Card skimmers at ATMs and gas pumps are common ways for cyberthieves to steal credit and debit card numbers. Cybersecurity expert Scott Schober spoke to ATM…

EMVCo releases proposed spec changes to support 8-digit issuer ID codes

August 16, 2019

Payment card standards body EMVCo released proposed specification changes Thursday for payment systems to accommodate longer numbers on credit and debit cards…

Reserve Bank of India clarifies free ATM transactions

August 16, 2019

In a relief to ATM users across the country, India's central bank has clarified the rules governing free ATM transactions.  

Cash won't die in America — it's too darn convenient

August 15, 2019

Cash is still king when it comes to buying things like a cup of coffee, pack of gum or a pint of beer in the U.S. Why? Because it's faster and often more…

The road ahead: 5 areas for FIs to focus on

While neobanks are all the rage lately, traditional FIs possess powerful assets that could allow them to surpass the success of fintechs. It's just a matter of…

NCR opens 'center of excellence' services hub in Asia

August 14, 2019

NCR Corporation is opening a center of excellence in Kuala Lumpur. 

Diebold Nixdorf names Zeeshan Naqv treasurer

August 13, 2019

ATM maker Diebold Nixdorf has hired Zeeshan Naqvi as vice president, treasurer.

DataCare taps Lusis' Tango payments engine

August 13, 2019

Lusis Payments, a global payments software and services provider, has partnered with DataCare Zrt, a leading data management and solutions provider, based in…

How Mexico's war on stolen gas is turning into a war on cash

by Amy Castor — Editor, Networld Media Group

Criminal gangs have been stealing gas in Mexico for decades, but in recent years, the situation has spun out of control. Putting a stop to corruption requires…

Shopping grinds to halt when Mexican banks unable to process cards over weekend

Major banks in Mexico reported problems processing debit and credit card payments on Saturday. The problem stemmed from a Prosa data center outage.

ATM outsourcing: A growing trend that takes the pressure off banks

by Amy Castor — Editor, Networld Media Group

As banks focus on mobile and customer experience, many are outsourcing their ATM maintenance and upkeep. The outsourcing trend, which began in the 1990s, has…

NAC visits DC lawmakers in effort to keep cash alive

August 8, 2019

The National ATM Council has wrapped up its third annual Washington D.C. fly in. The two-day lobbying event included nearly 60 meetings, in which NAC members…

ATM users want choices, so why aren't we giving them any?

An increasing number of consumers would rather have a branch nearby than an ATM. If ATMs offered more branch-like services, such as loans for consumers or…

Artificial intelligence in banking — separating reality from hype

by Amy Castor — Editor, Networld Media Group

AI and machine learning for banking are getting a huge amount of attention these days, but the question remains: can these technologies truly replace human…

Philippine's central bank to ATM operators: 'Keep fees reasonable'

August 5, 2019

The Bangko Sentral ng Pilipinas has reminded banks in the country to adhere to the "principles of reasonable and market-based pricing" for ATM fees. 

Cardtronics beats Q2 earnings forecasts, boosts guidance

by Amy Castor — Editor, Networld Media Group

Cardtronics posted better-than-expected second quarter earnings Thursday and nudged its full-year profit guidance higher.