Governments worldwide continue scrutiny of virtual currencies

by Will Hernandez — Editor, NetWorld Media Group

New York's proposed BitLicense regulatory framework is one of several current initiatives developing around the globe.

Aussie central bank mulls mandatory fee notices

July 21, 2014

The Reserve Bank of Australia wants ATM operators to provide a fee notice at the beginning of a transaction rather than the end so that customers may opt out…

Compass Plus wraps first phase of ATM switch, processing migration for major Indonesian bank

July 21, 2014

The project for Bank Tabungan Pensiunan Nasional marks the entry of the payments software and services provider into the Indonesian market.

In Norway, 5 years to cashlessness

July 17, 2014

Already, cash accounts for less than 5 percent of transactions in Norway. But not all Norwegians like the idea of having to leave an electronic trail with…

New York State proposes regulatory framework for virtual currency firms

July 17, 2014

The proposed regulatory framework contains consumer protection, anti-money laundering compliance, and cybersecurity rules tailored for virtual currency firms.

Missouri governor signs patent troll bill into law

July 17, 2014

The state is one of 20 that have now passed or have pending legislation to address the abuse of patent litigation by non-practicing entities.

ATMIA to discuss transaction routing concerns with Fed board

July 16, 2014

The ATM Industry Association announced today that a member task force will meet July 22 with the Federal Reserve Board of Governors in Washington. ATMIA…

SafenSoft, AK BARS Bank create Russia's first PCI DSS-compliant ATM network

July 15, 2014

AK BARS Bank and Safensoft have announced the recent completion of PCI DSS recertification at the bank using SafenSoft information security solutions.

Oregon to consider allowing insurance claim payment via ATM

July 14, 2014

The insurance division of the Oregon Department of Consumer and Business Services has proposed a rule change that would allow insurance claims to be paid by…

French regulators to limit Bitcoin anonymity

July 14, 2014

French regulators will enforce rules that require entities distributing the popular crypto-currency to confirm the identity of accountholders.

Why do consumers hate ATM fees so much?

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

It might be because they don't have a clue where the money goes ... and nobody's taken the time to educate them.

State Bank of India to add up to 5K ATMs this fiscal year

July 2, 2014

The State Bank of India announced this week that it will deploy 3,000 to 5,000 additional ATMs in its current fiscal year. The bank hopes the new installations…

Study: 61 percent of data theft victims subsequently experience fraud

July 1, 2014

The great majority of fraud victims said current data protection requirements are "insufficient" and that government should be doing more.

Court sets date to hear chip card patent infringement case against Visa, MasterCard

June 30, 2014

The case of SmartMetric v. Visa and MasterCard will test the recent Supreme Court ruling that abstract ideas cannot be protected by patents.

5 criteria for effective case management

As fraudulent activity rises, so does the need for systems that can identify, isolate and interrupt it.

Whack-a-Troll: Supreme Court beats Congress to the punch on patent reform

Patent troll suits will still pop up, but the ATM industry now has a better chance of beating them.

Nigeria prepares to enact final phase of cashless policy on July 1

June 25, 2014

Following a one-year waiver period, cash withdrawals via teller or ATM will be subject to a fee of up to 5 percent as the Nigerian government carries out its…

New cybersecurity Web page links FIs to risk-management resources

June 24, 2014

A new FFIEC Web page will serve as a central repository for materials on cybersecurity, as well as links to statements, webinars and other useful security…

Fee-free Aussie ATM network seeks immunity from price-fixing complaints

June 19, 2014

The six members of Australia's FeeSmart ATM sub-network are hoping that the Australian Competition and Consumer Committee will agree that, in their case, price…

Visa digs in its heels against Russian demands

June 19, 2014

Will the largest network in Russia tell Putin's Duma what they can do with their new payments system rules, or will Putin back down in the face of losing…