Facebook under Congressional scrutiny over data sharing practices

by David Jones — Editor, Networld Media Group

Facebook is facing increased calls from privacy advocates, public officials and others for government regulation and investigation following allegations of…

Nigeria's Diamond, Access to offer free ATM use amid merger deal

January 2, 2019

Customers of Nigeria's Access Bank plc and Diamond Bank plc, which announced an deal to merge into a single financial entity, will have access to free ATM use…

Fees coming to more than 3,000 RediATMs

December 31, 2018

Customers of National Australia Bank will soon have to pay ATM fees at more than 3,000 RediATMs, starting Jan. 1. They will have to pay a $2 transaction fee…

Bangladesh Bank orders banks to keep ATMs stocked with cash during election

December 28, 2018

The Bangladesh Bank, the central bank of Bangladesh, has ordered banks to keep sufficient cash stocked in ATMS during the 11th general election on Dec. 30…

How 20th century banking systems fail the 21st century bank customer

Trying to cater to bank customers' needs with 40-year-old systems is as impractical as driving a 1970s car on today’s highways, according to Suresh Ramamurthi…

Cannabis-related bank reform legislation falls short in Senate

December 27, 2018

BofA files blockchain patent for ATM transactions

December 27, 2018

Bank of America ATMs might soon make use of blockchain technology if a patent filed by the bank is any indication. 

SOL Wallet testing mobile banking rollout for South Africa during Q1 2019

December 26, 2018

SOL Wallet, a fintech startup firm, has launched beta testing for a new mobile and web-based banking service in South Africa by March of 2019, according to a…

US Payments Forum publishes guide to contactless ATM transactions

December 20, 2018

With more than 85 percent of U.S. ATMs now accepting EMV contact chip cards, many ATM owners are looking to make transactions easier and faster by adding…

RBC defends access to Facebook data

December 19, 2018

Royal Bank of Canada is defending itself as one of more than 150 firms given access to private data in the Facebook Messenger.

Payment card use grows worldwide, driven by government initiatives, consumer demand

December 18, 2018

The number of merchant outlets accepting card payments worldwide grew 13 percent in 2017 to reach 69.2 million by year-end, according to the RBR report, Global…

OneWest Bank intros card controls app to manage debit card use, security

December 18, 2018

OneWest Bank, the Southern California retail bank division of CIT, has rolled out a card controls feature for its mobile app that helps cardholders manage…

Paramount inks ATM agreement with Puerto Rican financial institution

December 14, 2018

Paramount Management Group has entered into an ATM management agreement with Cooperativa de Ahorro y Credito de Lares in Puerto Rico, according to a press…

South Africa keeps up its affinity for cash, ATMs

December 14, 2018

With a variety of electronic payment options available, South Africans are still not close to calling it quits on cash. In fact, according to a report by…

Breaking Windows: Why FIs are abandoning the longtime OS for ATMs

by atm Atom — blogger, atmatom

A growing number of FIs are deciding to walk away from Windows-based ATMs. Some are questioning the wisdom of continuing to invest in a platform that appears…

Bank ATMs in Australia may be farmed out to 'new utility enterprise'

December 13, 2018

Australian banks have secured permission from the nation's reserve bank to sell their ATM holdings. According to a report by The Bull, RBA assent provides…

Banks can increase deposits 16.5 percent with improved CX, study shows

December 13, 2018

U.S. retail banks can increase deposits up to 16.5 percent by improving elements of their customer experience, according to new analysis conducted by Kantar.

ACI Worldwide, BioCatch use behavioral biometrics in fraud-stopping solution

December 11, 2018

ACI Worldwide, a provider of electronic payment and banking solutions, has entered a collaboration with BioCatch, a provider of behavioral biometrics, to…

Auriga helps Millennium BCP to create next-generation branches

December 11, 2018

Portugal’s largest private bank has undertaken an extensive branch transformation project, and has called upon Auriga to provide the software that will drive…

Wells Fargo firing regional branch managers linked to fake account scandal

December 7, 2018

A little more than two years after the fake account scandal broke at Wells Fargo, and on top of the firing of approximately 5,300 employees linked to the…