India's reserve bank lifts ATM withdrawal caps, calls for continued digitization of cash

January 31, 2017

The Reserve Bank of India is lifting caps on ATM withdrawals, signaling that the nation's cash crisis may finally be drawing to a close.

NCR enters into consent decree resolving Fox River Superfund litigation

January 25, 2017

NCR Corp. has entered into a definitive consent decree with the U.S. government and the state of Wisconsin in order to resolve environmental cleanup and…

The Diebold-Hyosung ATM patent war: Win, lose or draw?

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

The competitors have been locked in a patent battle for 15 months so far. How much longer might this 'knock-down, drag-out' drag on?

ATM industry groups caution against unintended consequences of complicated regs

January 19, 2017

Increasingly, it seems, local governments are joining Congress and state legislatures in the rush to regulate retail ATMs. Industry trade groups are imploring…

State Bank of India eases ATM cash withdrawal limits

January 17, 2017

The State Bank of India has raised its cap on the amount of cash that cardholders are allowed to withdraw at the nation's ATMs. The cap on per-transaction…

CMA order prohibits integration of Cardtronics, DC Payments

January 12, 2017

On the heels of an announcement by Cardtronics PLC, of the completion of its acquisition of Canada-based DirectCash Payments, the U.K. Competition and Markets…

Senators urge first step in dismantling CFPB: 'Fire Cordray'

January 12, 2017

Republican Senators Ben Sasse, R-NE, and Mike Lee, R-Utah, have written to Vice President-elect Mike Pence urging the Trump administration to fire Richard…

Indian ATM independents battered by losses following demonetization

January 6, 2017

Nonbank ATM operators in India are weighing the idea of asking the government for compensation of losses incurred by its surprise demonetization — two months…

Competitive concerns over Link ATM network cloud MasterCard-VocaLink deal

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

In its assessment of a proposed MasterCard-VocaLink deal, the UK Competition and Markets Authority has zeroed in on competitive concerns related to one of its…

UK authority fears substantial lessening of competition due to Diebold Nixdorf combo; proposes remedies

December 22, 2016

The U.K. Competition and Markets Authority has published provisional findings in connection with the business combination of Diebold Inc. and Wincor Nixdorf.

With no access to cash, Indian IADs forced to idle their ATMs

December 20, 2016

In the wake of India's demonetization of 500 rupee and 1,000 rupee bank notes, independent ATM deployers are having a hard time getting their hands on cash…

Zimbabwe's central bank imposes ATM fee reduction

December 12, 2016

Noting that "while cash withdrawal limits have [been] reduced significantly during the second half of 2016, there has not been a proportionate reduction in the…

Venezuela joins India in demonetizing currency

December 12, 2016

Taking a page out of India's book, the government of Venezuela announced Monday that the nation's largest denomination banknote — the 100 bolivar bill — will…

OCC seeks comment on plan to allow fintechs to seek bank charters

December 12, 2016

Comptroller of the Currency Thomas J. Curry has announced the Office of the Comptroller of the Currency will consider applications from financial technology…

US-based ATM deployer says India's cash crisis will ding profits

December 9, 2016

Leawood, Kansas-based ATM deployer Euronet Worldwide Inc. has downgraded its fourth quarter earnings estimates in light of ongoing cash supply shortages…

Casino stocks plunge, rebound following Chinese gov't limits on ATM withdrawals

December 9, 2016

Casino stocks around the world were rocked yesterday by news that mainland China had imposed ATM withdrawal limits on China Union Pay cardholders seeking cash…

Post-demonitization cash crunch drags on to dismay of average Indians

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

December 5, 2016

A CNBC commentator observed that 'rich businessmen whose dubious financial engineering skills partly prompted the government to take this step were conspicuous…

CPI fails to invalidate Gemalto EMV chip card patent claims

December 5, 2016

The U.S. Patent and Trademark Office has denied CPI challenges to the validity of several claims of U.S. Patent No. 5,944,833, which is owned by Gemalto and…

Diebold vs. Hyosung: Sorting out the first-round decision in the ATM-makers' patent battle

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

The companies' patent wars before the International Trade Commission and US federal court spilled over into the court of public relations yesterday.

ITC judge recommends barring import of Hyosung ATMs, components in patent dispute

December 1, 2016

In an initial determination, the administrative law judge for the International Trade Commission has recommended an exclusion order prohibiting the importation…