CPI, CBS partner on end-to-end instant issuance solution for CUs

CPI Card Group, a provider of EMV chip cards and related services, and Commercial Business Systems, a provider of software and IT services for credit unions, have partnered to offer CUs a streamlined instant issuance solution for EMV-enabled debit and...

EAST publishes 2nd fraud update for 2018

The European Association for Secure Transactions has published its second European Fraud Update for 2018. The report is based on in-country crime statistics provided by representatives of 18 nations in the Single Euro Payments Area, and three non-SEPA nations, an...

OptConnect, Systech partnership creates all-in-one solution for ATM connectivity

North American ATM connectivity provider OptConnect has partnered with San Diego-based Systech Corp., a provider IoT hardware and software, in a program that will allow Systech to extend fully managed wireless connectivity to its current hardware-only customers. Systech hardware solutions...

IBM study calculates hidden costs of data breach

IBM Security has released a global study examining the full financial impact of a data breach on a company's bottom line. The study found that hidden costs in data breaches — e.g., lost business, negative impact on reputation and employee...

Diebold, MasterCard partnership to offer managed self-service solution for FIs, merchants

Diebold Nixdorf and MasterCard have partnered to deliver a managed solution for the banking and retail sectors. Diebold Nixdorf brings front-end expertise in omnichannel transactions to the table; MasterCard contributes state-of-the-art processing services and global network capability on the back...

District of Columbia councillors submit bill banning cash bans

Lawmakers in the nation's capital are weighing in on the growing trend among some merchants — mainly restaurants — of refusing cash payments. Council members representing the District of Columbia have introduced a bill that would require establishments to accept...

Florida FI to implement MasterCard Send for near real-time funds disbursement

MasterCard is partnering with Florida Capital Bank N.A. to facilitate the near real-time disbursement of funds to all branded debit cards in the U.S.

Co-op outlines 7 strategies for CUs seeking digital transformation

A new white paper from Co-op Financial Services, Seven Strategies to Accelerate Your Digital Transformation, offers guidance for credit unions looking to positioning themselves for growth in a digital world, according to a press release. "While most financial services providers...

New book, 'Cash and Dash,' traces impact of ATMs, computers in retail banking

ATM historian Bernardo Bátiz-Lazo has published a new book, Cash and Dash: How ATMs and Computers Changed Banking, tracing the birth and evolution of digital banking from the 1960s through the current day. The book looks closely at the influence...

Target undertakes cash recycler rollout

Next month, Target Corp. will begin the process of automating cash handling at its stores. The company will kick off the project with the installation of 500 cash recyclers from Retail Cash Solutions, a unit of U.K.-based vendor G4S PLC,...

Study ranks checking, ATM fees in 50 US markets

A new study by DepositAccounts.com has analyzed checking account fee data from more than 1,700 financial institutions in 50 major markets in the U.S. to determine which FIs charge the most and least in checking account fees — including third-party...

Americans want security without complexity: 'You can do that, right?'

As much as Americans dislike data breaches, they are not big fans of security protocols, either. In fact, 8 in 10 U.S. adults think that web and phone security measures are too complicated, according to new research by FICO and...

UK convenience stores blast ATM interchange rate reductions

The Association of Convenience Stores, a U.K.-based trade group, has condemned the decision by Link to reduce interchange fees for ATM operators. In a press release, the organization raised concerns that machines in rural and isolated communities could be lost...

NCR Interactive Teller Machine foils fraudsters with AFS TrueChecks solution

NCR Corp. and Advanced Fraud Solutions have partnered to integrate AFS TrueChecks into the NCR Interactive Teller Machine platform. Interactive Teller Machines allow financial institutions to provide teller services during nontraditional banking hours and in areas not served by branches.

Cops arrest 2 in connection with Philly ATM bombings

Following a rash of ATM bombings in Philadelphia, an investigative effort has resulted in the seizure of a cache of illegal explosive devices and the arrest a man suspected of their illegal distribution. According to a press release, the four...

Mint expands payroll card, proprietary ATM services with African agreement

Mint Gateway for Electronic Payment Services LLC, part of The Mint Corp., has entered into a three-year payment processing services agreement with an African payroll program. The program has a planned initial deployment of 300,000 MasterCard-branded payroll cards to be...

Kenyan FIs hone their competitive edge with cash-recycling ATMs

Nairobi, Kenya-based Prime Bank will install cash recycling ATMs at Naivas Supermarket locations in the capital city, a move expected to reduce the cost and risk to the retailer from cash-handling tasks. A report by Business Daily Africa said that...

Paysafe money transfer service debuts in 9 more nations

Payments provider Paysafe has extended the reach of Skrill Send Direct, a money transfer service introduced in February. An additional nine countries now have access to the service: Colombia; Ecuador; El Salvador; Guatemala; Honduras; India; Morocco; Venezuela; and Vietnam. A...

Visa helps Kuwaiti bank launch mobile wallet

Kuwait Finance House is partnering with Visa to launch a mobile wallet for the bank's Visa credit and prepaid cardholders, according to multiple local news reports. Waleed Khaled Mandani, Kuwait Finance House group chief retail and private banking officer, told...

Europol training course takes on ATM malware, skimming

Seventy-four Investigators, forensic experts, and police officers joined the fourth edition of the Europol Training Course on Payment Card Fraud Forensics and Investigations last week at the Spanish National Police Academy in Ávila, Spain. Since 2015, the program has trained...

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