Open Banking: How it Demonstrates Changing Consumer Demands

Since the start of 2018 we’ve seen a string of articles discussing open banking, explaining the impact of PSD2 on the industry and consumers. Examining these…

Sticks and carrots: Why a plan to redistribute ATMs in the UK is bound to fail

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Penalizing independent ATM deployers in the U.K. for having "too many" ATMs in urban areas is possibly the least compelling way imaginable to persuade them to…

Will UK banks break Link?

by Ron Delnevo — Chairman, Cash and Card World

Some U.K. banks threaten to leave the Link UK Network without drastic cuts to interchange fees that enable customers to get cash from conveniently located…

ATM jackpotting suspects jailed in Houston

February 2, 2018

Authorities have arrested two men and are seeking a third in an attempted ATM jackpotting case in the Houston area.

Fime to develop next-gen testing and validation scheme in Saudi Arabia

February 2, 2018

Fime, a long-time partner of Alhamrani Universal in the Kingdom of Saudi Arabia, has been selected by mada, the kingdom's domestic payment scheme, to develop a…

Qwinstar strikes deal with NCR to sell, service legacy iTran check processing units

January 31, 2018

Qwinstar Corp., a check processing equipment and maintenance division of 3 Point Alliance, has struck an agreement with NCR Corp. to take on the responsibility…

PSCU gains 1st owner-member of 2018

January 31, 2018

San Diego-based California Coast Credit Union, an FI with $2.4 billion in assets and more than 160,000 members, has joined PSCU for in-house credit and debit…

BS/2, Sberbank ink service deal covering more than 1K self-service devices

January 31, 2018

BS/2 Kazakhstan, a subsidiary of Penki Kontinentai Group, a Lithuanian company, has entered an agreement with Sberbank to service the FI's unattended devices…

EMV migration survey open to all US ATM operators

January 30, 2018

The ATM Industry Association has launched a new survey to gauge the progress of EMV migration in the U.S. The 2018 survey is the fourth in a series that began…

Co-op doubles transactions processed to 6.6B in 2017

January 30, 2018

Co-op Financial Services set a record by processing more than 6.6 billion credit, debit, EFT and shared branch transactions on behalf of its credit union…

Poll: FIs quick to replace customer funds lost to fraud

January 26, 2018

An informal online poll conducted by the European Association for Secure Transactions has revealed that banks are prompt, for the most part, in crediting funds…

Chase to open 400 branches; Wells to close twice as many

January 26, 2018

JPMorgan Chase has announced that it intends to expand its branch network into new U.S. markets, opening up to 400 new branches over the next five years. These…

ATM-focused BofA eBanking program ends amid protest

January 24, 2018

On Jan.19, Bank of America completed the final phaseout of its eBanking account, and at least 46,000 of the bank's customers and like-minded supporters are…

Frustrating fraud alerts, amazing aesthetics: Consumers rate mobile apps of top US banks

January 24, 2018

Banks have plenty of incentive to drive greater digital engagement. A study by Bain found that each call or visit to the bank from a customer comes at a cost…

Convergence, cooperation are bywords for financial institutions, fintechs in 2018

January 23, 2018

The convergence of mobile platforms, APIs, machine learning and faster payments systems will require an unprecedented level of cooperation between payments…

2018 – The Year of Digital Natives

2018 is the year that those born at the turn of the millennium will turn 18. Nicknames ‘Generation Z’, this is a generation that have grown up completely…

UK consumer group sounds alarm over ATM 'deserts'

January 22, 2018

Research by the U.K. watchdog organization Which has identified more than 200 communities in Britain with poor ATM access — or none at all — and says the…

Sri Lanka chalks up its 1st fully EMV-compliant ATM network

January 19, 2018

The Commercial Bank of Ceylon has announced that its ATM network is the first in Sri Lanka to achieve full EMV compliance. 

9 in 10 FIs now offer mobile banking, Fed says

January 18, 2018

A new report from the payment strategies team of the Federal Reserve Bank of Boston provides insights into the state of mobile banking at financial…

States want safe harbor for FIs serving legal cannabis industry

January 18, 2018

A bipartisan group of state attorneys general is urging Congressional leaders to enact legislation that would allow marijuana dispensaries to participate in…