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Regulation / Legislation News & Media

UK pushes tax relief for merchants who offer fee-free ATMs

January 6, 2015

The UK government is urging local councils across the country to award tax breaks to shopkeepers who offer "free-to-use" ATMs.

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Massachusetts legislature backs down on casino ATM measure

January 6, 2015

A proposed rule would have let state-chartered banks operate ATMs in casinos — something federally chartered FIs are already allowed to do.

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Investment bank sues ATM Network, Cardtronics over busted deal

January 6, 2015

Green, Holcomb & Fisher said it was defrauded of payment for a year's worth of work in arranging a sale of ATM Network to Seven Bank.

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New Jersey considers banning surcharge for account balance inquiry at ATM

December 26, 2014

An operator in violation of the measure would be liable for a civil penalty of up to $1,000 for each day of noncompliance.

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Bangalore cops to crack down on FIs flouting ATM security regs

December 19, 2014

The announcement followed reports by the media that banks were ignoring regulations imposed last year after a vicious machete attack on a woman using an ATM.

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PCI SSC issues updated PIN security requirements for ATMs, POS devices

December 19, 2014

The program contains a complete set of requirements for the secure management, processing and transmission of PIN data at ATMs and POS terminals.

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ATMs lose their charm in Chile

The current ATM availability crisis and exchange of public blows highlight the essential nature of ATMs in today's payment ecosystem.

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Proposed bill calls for moratorium on virtual-currency regulation

December 5, 2014

Congressman's 'Cryptocurrency Protocol Protection and Moratorium Act' would also modify the IRS property ruling.

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Discover takes Visa to court over debit card practices

December 4, 2014

The company has filed a suit claiming that Visa engages in anticompetitive behavior by requiring issuers to use its services for both PIN and signature debit.

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Resumption of ATM fees drives Nigerians to other channels

December 4, 2014

ATM transaction has volume declined by approximately 9.6 percent since the reinstatement of charges, according to figures from the nation's central bank.

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Maryland seeks to impose ATM withdrawal limits at casinos

December 2, 2014

Under a proposed rule, ATM transactions on the gaming floor would be limited to $250 per transaction with a total daily limit of $2,500.

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Cardtronics settles NFB litigation over ATM accessibility

November 25, 2014

The company has agreed to establish an 'accessibility center of excellence,' which will develop enhanced voice guidance software for blind customers.

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5th annual survey asks US IADs to air their concerns

November 20, 2014

The 5th annual study seeks to identify and address US IADs' most pressing concerns in the areas of government legislation, regulatory compliance and…

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Fed's controversial 'Choke Point' collars ATM processors

The government's Operation Choke Point initiative has put a stranglehold on many law-abiding businesses — including payment processors and pornographers.

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Elan licenses MasterCard common AID

November 18, 2014

Licensing the MasterCard common application identifier allows Elan to facilitate US domestic debit transactions on the network in accordance with Durbin…

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Vantiv prepped to roll out Durbin-compliant EMV card solutions

November 4, 2014

Having completed the first US Common AID-enabled EMV debit transaction with US merchants, Vantiv will begin production of Visa- and MasterCard-certified cards…

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Bitcoin ATM maker partners with AML solutions provider to ensure compliance

November 4, 2014

The companies will integrate the IdentityMind international compliance platform for virtual currencies into Lamassu bitcoin ATMs.

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FFIEC report poses key questions about cybersecurity

November 4, 2014

Testing plans across business functions and with third parties will help FIs identify and manage gaps before cyber attacks occur, the council says.

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Virtual currency dominates day one of Money 20/20 conference

by Will Hernandez — Editor, NetWorld Media Group

Ben Lawsky, New York's superintendent of financial services, addressed the status of the state's controversial BitLicense regulatory framework.

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AMIS highlights: 'This year's conference was also terrific'

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

A video journal of highlights and attendee comments from the second annual ATM & Mobile Innovation Summit in Washington, D.C.

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