InnoVentry secures $253M

January 31, 2002

SAN FRANCISCO -- InnoVentry Corp., a provider of automated check-cashing services, has completed its third (Series C) round of funding, worth $253 million. The…

Russians to access benefits via ATMs

January 29, 2002

MOSCOW -- More than 1,000 pensioners across Russia will receive their monthly stipends at ATMs throughout the country, according to the St. Petersburg Times.

Euronet gets UK c-store contract

January 27, 2002

LEAWOOD, Kan. and EASTLEIGH, England -- Euronet Worldwide (Nasdaq:EEFT) will provide ATMs and other services, including ATM site identification, installation…

The taxman refundeth

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January 27, 2002

Thanks to a partnership with InnoVentry, customers at some Jackson Hewitt offices will be able to visit kiosks and cash their tax refund checks on the spot.

Euro conversion largely free of ATM-related problems

January 14, 2002

Much like Y2K in 2000, ATMs performed well during the changeover of 12 European countries to the euro earlier this month.

Euro, franc happily coexist in Switzerland; many ATMs dispense both

January 8, 2002

GENEVA -- Although Switzerland is a non-member of the European Union, its residents will come into contact with the euro, Europe's new common currency…

Italy still behind in euro conversion; Finland and Portugal also slow in converting ATMs

January 6, 2002

ROME -- Italy, Finland and Portugal lagged behind other euro countries for ATM conversions, with 90 percent of their machines dispensing euros on Jan. 4, three…

Making money move

January 3, 2002

As with several other advanced function transactions, 7-Eleven is paving the way for money transfer via the ATM by offering the service at its Vcom units.

European Commission: Italians slow to adopt euro

January 3, 2002

ROME -- Italians were slow to take to the euro when compared to residents of the other 11 countries in the euro zone, according to the European Commission.

80 percent of ATMs distributing euros by Jan. 2

January 2, 2002

BERLIN -- After the first day of the changeover, 80 percent of the 12-country euro zone's 200,000 ATMs were dispensing euros, with the figure reaching 10…

Nationwide to update ATMs with cash acceptance, check imaging

January 1, 2002

LONDON -- Nationwide, the world's largest building society, will become the first UK financial services provider to offer advanced cash and check deposit at…

Wireless Ventures finalizes agreement to acquire 4Cash ATM Services

January 1, 2002

NEW YORK -- Wireless Ventures Inc., a Delaware corporation whose shares are quoted on the NASD's Over-The-Counter Bulletin Board under the symbol WLSV says it…

Many European ATMs get heavy workout with euro

January 1, 2002

BRUSSELS, Belgium -- Europeans flocked to ATMs throughout the day on Jan. 1 to take advantage of their first chance to get their hands on the new multicolored…

Money transfer: The next killer app?

Check cashing, advertising and ticketing are all in the running as the ATM industry continues to seek its next 'killer application.' But money transfer is a…

Citibank abandons bill payment at the ATM in favor of the PC

December 30, 2001

NEW YORK -- Citibank customers will no longer be able to pay bills at ATMs as of Sept. 3, according to a New York Post report. Citi's 1.5 million-plus…

Jersey cash carrier makes off with $5M

December 30, 2001

NEWARK, N.J. -- Michael Schwartz, 36, the Jersey City owner of Direct Connect ATM and Schwartz Armored LLC, is suspected of stealing $5 million worth of $2…

Many ATMs are euro-ready

December 30, 2001

PARIS -- ATMs will be the front line for dispensing the euro, the new European currency, to the public beginning Jan 1. Roughly 70 percent of people in the…

ATM glitch gives residents of French town head start on euro

December 30, 2001

PARIS -- Residents of Saint-Julien de Concelles, a small town in western France, got a head start on withdrawing newly minted euro notes when an…

ATM glitches give some Europeans head start on euro

December 30, 2001

PARIS and AMSTERDAM -- Residents at least two euro zone countries got a head start on withdrawing newly minted euro notes when ATMs malfunctioned and began…

Argentines increase ATM usage in face of crisis

A government-imposed freeze on certain financial transactions has caused an uptick in ATM usage in Argentina. Analysts say the trend may or may not continue…