News
CMS launches 'Algo' AI-automated ATM security software
October 15, 2020
India-based CMS Info Systems has launched Algo, a fully-automated, artificial intelligence-powered ATM security software application
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Fintech to install kiosks that exchange cash for prepaid Mastercard
October 15, 2020
XTM, a Toronto-based fintech company in the challenger banking space that provides mobile banking and payment solutions, will be installing…
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Wells Fargo earnings fall short of estimates
October 14, 2020
Wells Fargo reported disappointing earnings for the third quarter as low rates put pressure on the bank's net interest income, according to a report in CNBC.
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Germany banks brace for post-pandemic bankruptcies
October 14, 2020
With Europe's economy struggling due to the pandemic, Germany's central bank is taking steps to warn all banks to brace for a potential wave of insolvencies…
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Morphis, CIMA Cash Handling America form partnership
October 14, 2020
Morphis, Inc. and CIMA Cash Handling America Inc. have formed a strategic alliance in the U.S. cash handling marketplace that integrates CIMA's cash management…
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Coin Cloud installs 1,000th digital currency ATM
October 13, 2020
Coin Cloud, a digital currency machine company, opened its 1,000th kiosk installation. The installation took place at Vallarta Supermarkets in East Palmdale…
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Rapper helps launch first digital bank for Black and Latinx
October 13, 2020
Rapper Michael "Killer Mike" Render, civil rights activist Ambassador Andrew Young and media executive Ryan Glover have created the first digital bank geared…
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European ATM losses from black box fraud pass the $1M mark
October 13, 2020
The European Association for Secure Transactions is reporting a sharp rise in black box attacks on European ATMs during the first six months of 2020.
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Designer ring replaces carrying cards
October 12, 2020
Designer Philippe Starck introduces AEKLYS, a ring that replaces and stores all credit card and bank card information into one wearable device.
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COVID-19 survives 28 days on money, ATM screens, mobile phones, claims study
October 12, 2020
The novel coronavirus can survive for 28 days on banknotes, glass, grab handles, rails, mobile phone screens and plastic banknotes at room temperature or 2…
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UnionBank, Lazada launch Philippines’ first e-commerce debit card
October 12, 2020
The UnionBank of the Philippines and the Lazada Philippines online shopping center is launching the country's first e-commerce debit card.
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The National ATM Council to hold virtual conference, expo
October 12, 2020
The National ATM Council will hold a virtual NAC Conference & Expo on Oct. 27-29, a virtual event that will focus on ATM operators and ISOs.
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Bank of America to offer short-term loans for $5
October 9, 2020
Bank of America will roll out a short-term loan program for customers in need of quick cash beginning January, 2021. The program, called Balance Assist, will…
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Deutsche Bank system gives early warnings for settlement fails
October 9, 2020
Deutsche Bank has introduced technology from Elastic that will provide clients with an early warning of likely settlement delays for in-flight transactions…
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Toronto stadium pilots a 'reverse ATM’
October 9, 2020
With cash a concern to pandemic-wary consumers and merchants payments firms, a new ATM option, called the "reverse ATM," has gained attention in the ATM…
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ATMIA and PCI warn of ATM cash-out threat
October 9, 2020
The PCI Security Standards Council and the ATM Industry Association are warning financial institutions and payment processors of an emerging attack known as…
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Ultraleap introduces touch-free, gesture recognition retrofit for kiosks
October 8, 2020
Ultraleap has introduced its TouchFree application to enable companies to retrofit existing kiosks and touchscreens, according to a press release. Using…
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Nigerian Senate to investigate excessive charges to customers
October 8, 2020
Following numerous complaints by Nigerians that they were constantly being overcharged bank fees, the Nigerian Senate has launched an investigation and…
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Danske Bank to cut 16,000 jobs
October 8, 2020
Denmark's Danske Bank will slash up to 16,000 jobs within the next 6 to 12 months as part of a cost-reduction program that will extend until 2023, according to…
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Customs arrests Dubai-bound passenger hiding over 5,000 ATM cards
October 7, 2020
The Nigeria Customs Service, Kano/Jigawa Area Command, arrested a Dubai-bound passenger, Sanusi Labaran, who was concealing 5,342 ATM cards inside a sack of…
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