AML, KYC and the smartphone

New mobile technologies make it possible for payments companies to leverage consumers' smartphones as an identity device, enabling compliance with AML and KYC…

ATM forecasts and fortunes for 2018

by atm Atom — blogger, atmatom

Blogger Daryl Cornell of Triton Systems offers five fearless predictions for 2018 — along with the caveat that any or all might be "off the mark, highly…

Report: Banks expect to face challenges in 2018

January 4, 2018

Banks are expected to face some obstacles in the coming year, according to Mercator Advisory Group's 2018 outlooks for both the banking and payments industries.

Gemalto to launch first contactless biometric EMV card

January 4, 2018

The Bank of Cyprus has selected Gemalto, a digital security provider, to supply the world's first EMV biometric, dual interface payment card for chip and…

Prineta acquires ATMs in Coastal South Texas

January 2, 2018

Prineta has purchased a portfolio of ATMs in Corpus Christi and Coastal South Texas, expanding its Texas territory from San Antonio, Houston and Dallas to the…

China caps overseas ATM withdrawals at $15K per year

January 2, 2018

China has tightened its grip on stemming the outflow of money from the world's second largest economy by placing a $15,000 annual limit on overseas ATM…

Nearly 1 in 5 foreign bank ATMs shuttered in India

January 2, 2018

Foreign bank ATM numbers have declined 18 percent in India over the last three years, according to the Financial Express.

India's ATM industry seeks higher interchange fees

January 2, 2018

The ATM industry in India wants the central bank to raise the interchange fee for ATM transactions on account of the increased costs of running the channel…

Security: The key to consumer acceptance of cardless ATMs

Cardless ATM transactions can offer unparalleled convenience for consumers, not to mention cost-savings and enhanced efficiency for FIs. But for the technology…

NCR completes sale of interactive printer solutions division to Turbon AG

December 28, 2017

NCR Corporation, a provider of omnichannel solutions, has completed the sale of all dedicated assets of its former interactive printer solutions division…

CO-OP Financial Services taps Dean Michaels to lead development, strategic partnerships

December 28, 2017

Dean Michaels is the new head of corporate development and strategic partnerships for CO-OP Financial Services.

JCB to issue new credit card in Vietnam

December 28, 2017

Sacombank, one of the largest commercial banks in Vietnam and JCB International Co. Ltd., the international operations subsidiary of JCB Co. Ltd. has announced…

Florida man charged with beating ATM that 'gave him too much cash'

December 28, 2017

Police in Cocoa, Florida, charged a 23-year-old Florida man Friday with criminal mischief Friday in connection with punching an ATM, according to the Pensacola…

Venezuelan inflation rate could hit 2,000 percent by end of year

December 28, 2017

The Venezualan economy is in dire straits as the South American nation's currency — the bolivar — has weakened more than 97 percent against the dollar. Just as…

Michigan company to purchase patent covering bitcoin ATM transactions

December 28, 2017

DNA Dynamics Inc. has announced that its U.K. subsidiary, DNA Interactive Ltd., has signed a binding term sheet to acquire a patent that requires bitcoin ATM…

Fiserv deploys AML solution for international financial exchange

December 28, 2017

Fiserv Inc., a provider of financial services technology solutions, has announced that LuLu Exchange, a provider of cross-border remittance, currency exchange…

MasterCard report: Holiday retail up nearly 5 percent

December 28, 2017

Holiday retail sales in 2017 increased 4.9 percent over the previous year, the largest year-over-year increase since 2011, according to the latest MasterCard…

Partnership puts card control in Chinese consumers' hands

December 28, 2017

Perth, Australia-based fintech provider Tranwall Ltd. has signed a nonexclusive reseller agreement with Union Mobile Financial Technology Co. Ltd., a Chinese…

Rabobank expands surcharge-free ATM access with Allpoint

December 28, 2017

Customers of Roseville, California-based Rabobank N.A. now have surcharge-free access to thousands of additional ATMs through an agreement with the Allpoint…

To DIY or not to DIY: Does an FI need its own payment app?

What's the best way for a financial institution to implement a mobile payments system? For many banks, the first and most crucial decision is whether to build…