ATM deployers report double-digit crime surge in 2017

The ATM Industry Association has published the results of its 2017 Global Fraud and Security Survey in which more than half of respondents (54 percent) reported an increase in ATM crime during the previous year. This represents a 12 percent...

Fime Savvi platform qualified by Union Pay International

Fime has announced the qualification of its Savvi test platform by UnionPay International. Qualification means that acquirers overseas can now receive local consultancy, testing and certification support from Fime using the company's tools and services for UPI contact and contactless...

Digital banking solutions provider Alkami secures funding for growth

Alkami Technology Inc., a provider of digital banking solutions to credit unions and banks, has announced a strategic investment by General Atlantic, a growth equity firm, which joins existing investors S3 Ventures, Argonaut Private Equity, and others in Alkami's next...

Wells Fargo rolls out Fitbit Pay mobile payment capabiltiy

Wells Fargo & Co. has partnered with wearables provider Fitbit to launch Fitbit Pay, a solution that will allow the financial institution's customers to pay via their Fitbit Ionic smartwatch at merchants with NFC-enabled payment terminals. "Increasingly, our customers are...

Visa boards the signature-free EMV bandwagon at last

Visa has now joined the other major card networks in eliminating the signature requirement for consumer purchases made in the U.S. with an EMV-enabled Visa-branded payment card. The company announced this week in a press release that a customer signature will become optional as of April.

Brink's to buy Brazilian cash-handling business

The Brink's Co., a provider of cash management, secure logistics and security solutions, has agreed to purchase Brazil-based Rodoban for approximately $145 million in cash. The acquisition, which is subject to customary conditions, including approval by the Brazilian antitrust authority,...

ICBA Bancard offers NYCE access to community banks

ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America, has announced that it will offer NYCE Payments Network LLC point-of-sale and ATM debit card services to ICBA Bancard client banks. NYCE is a wholly owned subsidiary...

NCR technology powers Philippine FI's 1st all-digital branch

NCR Corp. and Union Bank of the Philippines have announced the unveiling of the first prototype branch under the bank's digital transformation strategy. The branch in Makati City features the NCR Interactive Teller and introduces the customer to a world...

Vantiv stockholders OK Worldpay merger

At a special meeting, stockholders of Vantiv Inc. voted to approve all proposals necessary for Vantiv to acquire Worldpay Group PLC and create Worldpay Inc. "We are pleased that Vantiv stockholders have approved this transaction," said Charles Drucker, Vantiv president and CEO and incoming WorldPay Inc.

TD Bank onboards AI expertise with acquisition of Layer 6

TD Bank has announced the acquisition of Layer 6 Inc., a Toronto, Ontario-based artificial intelligence company. Layer 6 founders Tomi Poutanen and Jordan Jacobs are also co-founders of the Vector Institute, an AI research and education venture that TD also...

Cennox acquires UK-based ATM installer, security provider Acketts

Banking solutions provider Cennox has completed its acquisition of Acketts Group Ltd., a U.K.-based ATM installation and security business, for an undisclosed sum. A press release from Cennox said that the acquisition continues to build on its position as a...

LG Pay slated for US debut

LG Electronics has announced plans to launch its mobile wallet service in the U.S. by July 1, according to media reports from South Korea, the only country where the technology is available currently. LG Pay uses wireless magnetic communication technology similar to the magnetic secure transmission employed by Samsung Pay.

Visa, Dynamics unveil multifeature wallet card

Visa Inc. and Dynamics Inc., an intelligent card developer, have unveiled the Dynamics Wallet Card, a connected payment card slated for availability early this year, according to a press release. The Visa-branded version of the wallet card is the same...

UK government, industry reps aim to stem surge in ATM explosive attacks

Executives from Newcastle, England-based ATM security company Lockpoint will meet this week with U.K. officials to discuss a persistent trend of gas attacks targeting ATMs across the country. In recent months, the issue has been raised as a concern by MPs from both sides of the House of Commons, according to a company press release.

Dolphin Debit adds 5 FIs to ATM management portfolio

Dolphin Debit, a full-service ATM management company, has been tapped to provide services for five financial institutions — including four credit unions and one community bank — in the South Central U.S. A company press release said that the institutions...

Report: Banks expect to face challenges in 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. The topics addressed in these Outlooks set the foundation for Mercator Advisory Group’s research agenda...

Gemalto to launch first contactless biometric EMV card

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 contactless payments, according to a press release. Using fingerprint recognition instead of a PIN code...

Prineta acquires ATMs in Coastal South Texas

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 state's entire southern coast, according to a press release. The acquisition, announced Dec.

China caps overseas ATM withdrawals at $15K per year

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 withdrawals according to Asia Times. The change took effect on New Year's Day. The...

Nearly 1 in 5 foreign bank ATMs shuttered in India

Foreign bank ATM numbers have declined 18 percent in India over the last three years, according to the Financial Express. Some banks have closed ATMs, while one bank closed its operations, according to official data. India has as many as...

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Securing ATMs against Meltdown and Spectre