Mobile startup seeks to turn businesses into ATMs

February 5, 2014

A mobile payments startup aims to launch a new kind of ATM juggernaut in the U.S., one that will dispense funds from the cash-filled tills of hotels — and…

Pay in-pay out network bridges the digital divide

February 4, 2014

Historically, ATM and POS network operators have been locked into card-based payments acquiring relationships that offer few options for generating additional…

Department of Homeland Security taps FIS for cybersecurity research

February 4, 2014

Banking and payments technology provider FIS has reached an agreement with the Department of Homeland Security under which the company will serve as a…

Canada's Parliament mulls 50 cent off-us fee cap

February 4, 2014

It shouldn't cost Canadians as much as $3 to get access to their own money at a cash machine, a member of Canada's Opposition party asserts. The party wants to…

FI execs afraid of being first - and last

by Terry Dooley — SVP & CIO, ITS, Inc

Researchers recently interviewed merchant and financial institution executives to uncover their concerns regarding the ever-evolving payments arena.

Will MCX eclipse branded payment networks?

A major issue clogging the road of payment evolution toward MCX is where account holders' value is stored. Another issue is the MasterCard/Visa duopoly that…

The threats Walmart sees in MCX

Reed Luhtanen, director of payments policy for Walmart, describes the pitfalls facing adoption of the new MCX standards. (From a panel at the ATM & Mobile…

Will MCX benefit small merchants?

A question is asked about whether the closed nature of MCX runs contrary to the National Restaurant Association's open philosophy. "A lot of the principles…

London transport authority ends cash payment for bus fares

February 3, 2014

According to Transport for London, the 1 percent of Londoners who pay bus fares with cash cost the city 24 million pounds ($39.15 million) per year. So, the…

Senate hearings on data breach hint at a long road to remedy

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

But first, the 'blame storm.'

Independent review firm names '10 best EMV compliance consultants' for February

February 3, 2014

Topcreditcardprocessors.com has ranked the 10 best EMV compliance consulting firms for the month of February. Each month, the payment processor review firm…

Cash management solution promises improved cost-efficiency

February 3, 2014

Operators typically overload ATMs with cash to the point where associated costs account for up to 60 percent of all operating costs, according to financial…

Interswitch brings cardless mobile ATM withdrawals to Nigeria

January 31, 2014

The African payments company Interswitch Transnational has added cardless ATM withdrawals for mobile money users to its Quickteller service. Quickteller allows…

6 questions about the future of the ATM

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

A panel discussion asks whether the ATM will be just a 'must have' or a sales and services accelerator in years to come.

OKI enters Indian market

January 30, 2014

With the delivery this week of an order of ATM-Recycler G7s to the State Bank of India, Japanese manufacturer OKI has achieved its stated objective of entering…

The main reason NFC hasn't caught on

Too many technologies (including NFC) ignore a necessary step toward merchant acceptance. "Users of NFC will be disappointed for many years to come," says…

A bigger issue than payment security

"It's not true that security is paramount," says George Wallner, CTO of Loop. (From the ATM & Mobile Executive Summit.)

The unavoidable problem for mobile payments at retail

This one issue causes enough retailer resistance to potentially keep mobile from gaining wide acceptance at the point of sale. (From George Wallner's keynote…

More banks add mobile payments to enhance customer experience

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

According to a recent Independent Community Bankers of America survey, mobile payment offerings continue to rise at community financial institutions.

Card data from Target breach used in counterfeit card spending spree

January 30, 2014

A Mexican man and woman arrested early this week on charges of credit- and debit-card fraud were carrying 100 counterfeit cards striped with data stolen in the…