PAI to shed merchant services, sharpen focus on ATM processing

Independent ATM operator Payment Alliance International and payment processor Clearent have entered into a definitive agreement under which Clearant will acquire the PAI merchant services division. The PAI merchant services provide processing solutions for businesses, independent sales organizations, agents and...

ATM industry groups caution against unintended consequences of complicated regs

Increasingly, it seems, local governments are joining Congress and state legislatures in the rush to regulate retail ATMs. Industry trade groups are imploring them to slow down and think hard about the unintended consequences of their well-meaning proposals. Last month...

FIs' spat over Link Network fees could end up costing consumers

A squabble over fees paid by Link Network member banks could result in financial institutions across the U.K. charging customers for cash withdrawals, according to a report by The Guardian. Currently, 97 percent of cash withdrawals from machines on the Link Network are surcharge free.

ATMIA consumer campaign plugs the many benefits of cash

The ATM Industry Association unveiled its "WithdrawCashWednesday" campaign Wednesday, an initiative to encourage consumers to increase their cash use during the holiday shopping season this year and beyond. Raymond Ching, marketing director at NationalLink, raised the idea during the International...

BMO expands mobile wallet options

BMO Harris Bank has announced customers can now add the bank's payment cards to Android and Samsung wallets, and that the bank is launching its own BMO Harris Bank Masterpass Android app, powered by MasterCard. "We are constantly seeking new...

ID Tech rolls out SRED contactless EMV reader

ID Tech, a manufacturer of secure payment solutions, has released its newest NFC-contactless EMV reader, the Vivopay Kiosk III SRED. The Kiosk III SRED is the industry's first contactless-only module conforming to the PCI secure reading and exchange of data...

Ploutus ATM malware is back — and badder than ever

Ploutus, the advanced ATM malware that was first discovered in Mexico in 2013, is back in an updated and even more dangerous form, according to FireEye, a computer security firm. In a new blog, the company said it has discovered...

Passwords are out, 'persistent identity' is in

A new research report from Mercator Advisory Group, Biometrics: A New Wrinkle Changes the Authentication Landscape, looks at the fundamentals of biometrics and predicts that the combination of voice and face recognition, and now the addition of behavioral biometrics will...

State Bank of India eases ATM cash withdrawal limits

The State Bank of India has raised its cap on the amount of cash that cardholders are allowed to withdraw at the nation's ATMs. The cap on per-transaction withdrawals is now 10,000 rupees ($146.84), raised from the previous limit of 4,500 rupees ($66.07).

First Data Integrated Solutions Group marks 'important new chapter of openness'

First Data is launching a First Data Integrated Solutions Group, a new business segment focused on expanded software developer tools for integration with First Data platforms. According to a press release, the move will allow First Data to deepen its...

Where in the world is the bitcoin ATM?

Three years after its fever-pitch debut in a Vancouver, Canada, coffeehouse, the bitcoin ATM has settled into a more sedate attitude of slow, continuing growth. Bitcoin itself remains a marginal currency, but it's proven enough staying power and garnered enough...

On Whistler Mountain, cash is just a schuss away

Toronto, Canada-based CIBC has opened a first-of-its-kind mountaintop ski-through ATM outside the Roundhouse Lodge on Whistler Mountain, a popular destination for skiers in British Columbia, Canada. The ATM, which has been thoughtfully equipped with ski pole and glove holders and...

ANZ replaces lost or stolen cards instantly via mobile wallet

ANZ customers can continue to use their digital wallet even if they've reported their physical card lost or stolen, thanks to a new service that automatically generates replacement card data, according to a press release. As soon as a customer...

Free ATMs No. 1 motivator for millennials changing FIs

Nontraditional and alternative providers pose a potential threat to the future of millennial relationships with traditional financial institutions, according to results from a recent survey by Phoenix Synergistics. According to report, Millennials, Gen X, and Baby Boomers: Financial Insights, all...

MOM ATM eases India's cash access issue

MoneyOnMobile Inc., a mobile payments technology and processing company, has launched "MOM ATM" in selected retail outlets across India to meet the growing demand for digital money and transactions. MOM ATM allows retail merchants to serve as mini-ATMs, the company...

RS Software, Paragon Application Systems aim to meet demand for next-gen testing solutions

Paragon Application Systems, a provider testing solutions, has partnered with RS Software India Ltd., a provider of digital payment technology solutions, to address a growing demand for testing solutions that provide better automation and more comprehensive code coverage. The companies...

Erie Community CU, Cummins Allison partner in branch transformation effort

Cummins Allison, a provider of ATMs and coin, currency and check processing technology, is providing ATMs and self-service coin machines to Erie, Pennsylvania-based Erie Community Credit Union as the FI undertakes a branch transformation project. "We're in the midst of...

ICX Association looks to ‘elevate’ the state of customer experience with annual awards

Nomination deadline for the association's annual awards is March 15, 2017.

'Off-premises' ATMs claim majority share of installations worldwide

The global share of ATMs located away from bank branches rose to 51 percent in 2015, according to a new RBR report, "Global ATM Market and Forecasts to 2021." RBR found that faced with rising operating expenses and falling foot...

CMA order prohibits integration of Cardtronics, DC Payments

On the heels of an announcement by Cardtronics PLC, of the completion of its acquisition of Canada-based DirectCash Payments, the U.K. Competition and Markets Authority has issued an initial enforcement order that prevents integration of the companies' operations within the...

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