Hackers stole $1.66M from German bank OLB by cloning EVM cards

September 6, 2019

EVM (chip and pin technology) was supposed to help make credit and debit cards safe from fraud, but it isn't completely foolproof. 

NCR debuts compact addition to family of cash-recycling ATMs

September 5, 2019

NCR Corporation has launched the SelfServ 63, a small-footprint cash recycling ATM as the newest addition to its family of cash recyclers.  

Grab investing $150M to create 'super app'

September 5, 2019

Grab Holdings Inc. plans to spend about $150 million on artificial intelligence and to hire additional engineers to help create a regional "super app" that…

Amazon testing biometric hand scanning technology for Whole Foods rollout: Report

September 4, 2019

Amazon is testing a new biometric payment technology that would allow customers to have their identity confirmed by scanning their hands, according to the New…

Fiserv launches 'super ATM' with biometric palm-vein reader

September 4, 2019

Fiserv Inc., a global provider of payments and financial services technology solutions, has launched a souped up ATM, which it has dubbed "Interactive Branch…

Renovite appoints Sanjay Mishra as CDO

September 4, 2019

Payment specialist Renovite Technologies has appointed industry veteran Sanjay Mishra as its chief delivery officer. In the position, Mishra will lead…

Bitcoin ATMs in Nevada now require a money transmitter license

August 30, 2019

Bitcoin ATMs in Nevada now require a state money transmitter license. 

Cops warn of bitcoin ATM scam in Canada

August 30, 2019

Fraudsters have been targeting bitcoin ATM users in Winnipeg by hanging posters saying the machines were out of use.  

Rapyd teams with Hong Kong's TNG Fintech to boost cashless transactions

August 29, 2019

Rapyd, a fintech as-a-service startup, has partnered with TNG Fintech Group Inc., a Hong Kong-based digital wallet operator, to boost cashless transactions. 

Bankers suggest time lag between ATM withdrawals in New Dehli

August 28, 2019

As a way to combat ATM fraud in New Delhi, the Delhi State Level Bankers' Committee proposed several measures, including a 6-12 hour gap between cash…

California man faces life for illegally operating a Bitcoin ATM

by Amy Castor — Editor, Networld Media Group

August 27, 2019

A 25-year-old Westwood, California man has agreed to plead guilty to federal charges for illegally operating a crypto exchange and a bitcoin ATM where he…

Credit Suisse sets massive restructuring from branch to digital transformation

August 26, 2019

Credit Suisse said its Swiss Universal Bank unit will undergo a massive restructuring, costing hundreds of millions of Swiss francs, to transition its retail…

Payment Alliance International expands ATM footprint with Eclipse Cash acquisition

August 26, 2019

Louisville, Kentucky-based ATM operator Payment Alliance International has acquired Eclipse Cash Systems. 

N26 marks US mobile bank launch with P2P, Tidal discount

August 23, 2019

N26, the German fintech, has officially gone live in the U.S. following a one month beta period and is offering several new features to American customers…

Bank of America reports surge in Zelle users in 2019

August 21, 2019

Bank of America's person-to-person use of mobile payment network Zelle surged this year. The uptick in usage was driven mainly by millennials and Gen Z in…

Germany's Commerzbank weighs closing hundreds of branches

August 21, 2019

Frankfurt-based Commerzbank AG is weighing the closure of hundreds of branches as it figures out next steps after abandoning plans to merge with cross-town…

State Bank of India plans to ditch plastic debit cards, move to Yono app

August 20, 2019

The State Bank of India, the country's largest lender, is hoping to eliminate debit cards and move to its Yono app for ATM withdrawals and point-of-sale…

EMVCo releases proposed spec changes to support 8-digit issuer ID codes

August 16, 2019

Payment card standards body EMVCo released proposed specification changes Thursday for payment systems to accommodate longer numbers on credit and debit cards…

Reserve Bank of India clarifies free ATM transactions

August 16, 2019

In a relief to ATM users across the country, India's central bank has clarified the rules governing free ATM transactions.  

Cash won't die in America — it's too darn convenient

August 15, 2019

Cash is still king when it comes to buying things like a cup of coffee, pack of gum or a pint of beer in the U.S. Why? Because it's faster and often more…