End 'legal extortion' by patent trolls, ICBA urges Congress

March 30, 2015

Last week, a member of the community bankers group pressed a House subcommittee to take three specific actions against trolls.

Korea sets moratorium for mag stripe transactions at ATMs

March 11, 2015

Only chip cards will be accepted at ATMs; POS terminals may still conduct mag stripe transactions, however.

Fiserv adds solutions to Financial Crime Risk Management Platform

March 10, 2015

The new components can help financial crime prevention professionals to more effectively detect, investigate and resolve crimes, the company says.

FI coalition advocates for efficient alternative to patent troll litigation

March 10, 2015

The coalition seeks to challenge 'abstract idea' patents through a patent office appeals process rather than expensive courtroom battles.

ATM fee placard lawsuits and the 'substantive' right to save time

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

The Reg E rollback scrapped a federal requirement for redundant fee notices at ATMs, but the letter of the law still trumps logic in pre-repeal lawsuits.

White House info sharing plan wins favor with ABA

February 17, 2015

The group encouraged Congress to craft legislation that protects merchants against frivolous lawsuits when voluntarily sharing information. …

The bitcoin-ISIS connection

An analyst says he has found proof that the terrorist organization is using virtual currency to fund its operations.

ATM legislative review

February 11, 2015

A roundup of legislative measures under consideration across the United States with potential implications for ATM deployment and operation.

NACHA faster payments proposal wins ABA support

February 5, 2015

Bankers opposed a 2011 proposal by NACHA; the payments association has amended its new proposal to address their concerns.

Federal Reserve releases faster payment report

January 29, 2015

'Strategies for Improving the US Payment System,' lays out the Fed's plan for engaging with industry stakeholders to improve the speed, safety and efficiency…

Bankers praise SCOTUS decision to let interchange ruling stand

January 21, 2015

An appeals court previously rejected retailers' efforts to reduce the interchange cap set by the Fed pursuant to the Durbin Amendment.

Nebraska lawmaker seeks changes to ATM licensing rules

January 19, 2015

Among other things, the bill provides that consumers will not be held liable for financial losses arising from ATM tampering or manipulation.

New coalition seeks legislative controls on patent trolls

January 15, 2015

The National Retail Federation and Oracle have organized United for Patent Reform to pursue legislative reform targeting seven aspects of patent litigation.

New Jersey bill would require 911 call line at ATMs

January 13, 2015

The proposed law would require all ATM sites to have a dedicated phone line that establishes an immediate voice connection to emergency services.

Maine legislator seeks to ban ATM cash withdrawals on EBT cards

January 13, 2015

The text of the proposed bill has yet to be drafted and formally submitted to the legislature for consideration.

What's on the horizon for the bitcoin ATM?

Bitcoin took some bumps in 2014; what might that mean for the bitcoin ATM? Sam Ditzion of Tremont Capital Group offers his point of view.

Virginia lawmakers seek to prevent CUs' use of ATM as service facility

January 12, 2015

The legislation appears to run counter to a decision by the NCUA that a video teller device may serve as a service facility under certain circumstances.

Obama proposes legislation on data breach notification

January 12, 2015

With today's introduction of proposed legislation, President Obama will expand on the BuySecure initiative he announced last October.

Not dead yet: NY takes another run at 'panic PIN' legislation

January 9, 2015

A 2010 FTC report shot down emergency technology at ATMs as a 'non-trivial expense' of dubious worth, but the concept isn't dying easily.

The ATM industry wins another victory against patent trolls

The court not only found that the patents asserted were invalid, but also left the door open for companies subject to baseless infringement claims to bring…