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Bank / Credit Union News

ATM mandates in India create a quandary for FIs

January 3, 2014

In the wake of a brutal machete attack on a woman at an ATM in Bangalore on Nov. 19, many of India's state governments are requesting — if not requiring — that…

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With checks still popular, UK looks to mobile devices to speed processing

January 2, 2014

The U.K. Treasury has announced plans to speed up check processing and to promote check imaging via smartphones, tablets and ATMs. The Government Department…

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European Banking Authority issues virtual currency warning

December 26, 2013

The European Banking Authority has issued a warning about the unregulated nature of virtual currencies such as Bitcoin, and the risk to consumers of buying…

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Belarus bank brings payments control in-house

December 20, 2013

Belgazprombank, an FI in the Republic of Belarus, and BPC Technologies have partnered on implementation of the bank's new in-house processing center. By going…

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New Commerzbank branch intros Germany's first video teller ATM

December 19, 2013

This month, German FI Commerzbank AG revealed its new branch strategy with the opening of its reinvented branch in Berlin — the first in Germany to use a video…

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'Intelligent-powered' ATMs take banking where it's never been

December 11, 2013

India has 600,000 villages, most of them rural, and only 12 percent of them banked. Further, the country has 400,000 citizens — also mostly rural and unbanked…

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Barclays Bank of Kenya rolls out mobile cash access service

December 11, 2013

Barclays Bank of Kenya has launched CashSend, a cardless money transfer service that links mobile phones to Barclays ATMs, Humanipo.com reports.

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Co-op digital wallet to provide pay-anyone payments and global mobile access

December 5, 2013

Co-op Financial Services has introduced a new version of its Sprig digital wallet platform with new services from its long-standing business partner…

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Chinese Central Bank bans banks from Bitcoin transactions

December 5, 2013

The People's Bank of China has ruled that Bitcoin is not a proper currency and has barred Chinese banks from handling it, Finextra reports.

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Beijing bank's new ATM is no mere cash machine

December 4, 2013

About the only currency it doesn't dispense is Bitcoin: New ATMs at Beijing’s Hua Xia Bank offer customers the option to take their withdrawal in the form of…

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ATM emulation helps simplify EMV migration for Chilean FI

December 3, 2013

Like many South American FIs, Santiago, Chile-based Banco Falabella has begun the costly and complicated process of changing over its ATMs to the EMV chip…

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Indian FIs offered an EMV alternative

November 26, 2013

The Reserve Bank of India has notified the country's banks that they may choose between issuing EMV chip-enabled bankcards or adopting biometric identification…

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RBS concentrating on customer experience

November 25, 2013

The Royal Bank of Scotland this year announced its intention to provide an improved customer experience, even as it closes approximately 10 percent of its…

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Video teller machines will cost jobs, protestors say

November 25, 2013

Bank tellers in New York recently took to the sidewalk to protest the installation by Bank of America of ATMs with teller assist. The activist tellers said the…

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PAI, River City Bank forge co-branding deal

November 25, 2013

Retail ATM provider Payment Alliance International and River City Bank — both based in Louisville, Ky. — have announced a branding agreement covering ATMs in…

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Covera, EFT Source to provide instant issuance solution to CUs

November 20, 2013

EFT Source Inc., a provider of turnkey card programs for ATM and debit cards for financial institutions, and Covera, a provider of debit, credit and ATM…

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Philippine ATMs to go under the hammer

November 19, 2013

The Philippine Deposit Insurance Corporation is set to auction off a total of 118 ATMs at public auction on Dec. 3. The machines, which have an aggregate…

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FIS to provide tech platform for India's first women's bank

November 19, 2013

India is getting its first public sector FI dedicated to serving women's financial needs — the Bharatiya Mahila Bank Ltd. Under a multi-year agreement, FIS…

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First Data certifies NCR APTRA Interactive Teller

November 18, 2013

NCR Corp. announced that First Data has certified its APTRA Interactive Teller for its network. The certification enables First Data's financial institution…

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Yolanda survivors to get ATM access beginning Tuesday

November 18, 2013

According to a report from Inquirer News, survivors of Supertyphoon Yolanda will finally get access to much-needed cash after four ATMs are installed and…

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