Tax every ATM transaction? That's your solution?

by Todd Nuttall, CEO

ATM fee cuts will cost S African banks millions

April 25, 2014

South African banks could lose millions due to a decision by the nation's reserve bank to cut interchange fees for ATMs, a report by Business Day Live said.

2nd annual ATM & Mobile Innovation Summit to explore convergence of Bitcoin, ATMs, mobile payments

At the Sept. 10-12 event in D.C., speakers from across the payments ecosystem will discuss the future of the industry.

Preview: ATM & Mobile Innovation Summit 2014

Tom Harper, president and CEO of Networld Media Group talks about what to expect from this year's ATM & Mobile Innovation Summit and why executives should…

ATM transaction tax 'highway robbery,' Jamaicans say

April 21, 2014

"Very, very upset" is the general feeling among Jamaicans about a new ATM transaction tax announced last Thursday. The levy will go into effect June 1.

Massachusetts stirs controversy with ATM safety bill

April 21, 2014

Massachusetts State Senator Brian A. Joyce has submitted a bill that would require all outdoor or enclosed ATMs to have safety features that would allow the…

Maine passes patent troll law

April 21, 2014

U.S. legislators continue to mull over H.R. 3309, the "Patent Innovation Act of 2013," but states aren't waiting for Congress to finish cogitating. Last week…

One more Bitcoin ATM; one less Bitcoin exchange

April 17, 2014

This week, BTC China installed China's first Bitcoin ATM in Shanghai. Meanwhile, across the China Sea, a bankruptcy court nixed a corporate reorganization…

Co-op Financial Services, Visa forge EMV agreement

April 16, 2014

Through an agreement with Visa, Co-op Financial Services will make the Visa EMV common debit solution available to its credit union clients. The long-term…

Shazam, Visa enter network agreement

April 16, 2014

The Shazam Network and Visa Inc. have signed an agreement that will allow issuers to use the Visa common debit application identifier for Visa- and…

FFIEC warns about Heartbleed; Codenomicon explains how to stop it

April 11, 2014

No sooner had "XP Armageddon" come (and gone, anti-climactically) than a new calamity with much greater potential to wreak financial havoc took over the…

Research: Can Bitcoin succeed?

April 10, 2014

The mixed news and reviews of Bitcoin leave the public to wonder: Is Bitcoin on its last legs, or will it become a part of the mainstream payments…

Patent trolls must be stopped, ABA tells House subcommittee

April 8, 2014

Congress must act to protect banks and businesses from abusive and deceptive patent demand letters that pose a serious risk, according to testimony this…

Philippines central bank pushes for ATM network merger

April 3, 2014

The Bangko Sentral ng Pilipinas, the Philippines apex bank, is strongly encouraging the country's three major ATM networks to consider becoming one. Greater…

PCI compliance for acquiring financial institutions

by Kevin Christensen — Vice President, Audit, SHAZAM

In my last post, I took a look at the question, "Does our financial institution need to be PCI compliant?" While the short answer is yes, the long answer is…

UK bank regulators to investigate IT outages

April 1, 2014

British financial regulators have announced their intention to investigate the IT systems of U.K. FIs. This follows a number of high profile outages that have…

Committee finalizes recommendations for ATM security in India

April 1, 2014

Following the brutal attack last November by a machete-wielding robber on a woman using an ATM, the Indian banking system continues to investigate ways to make…

Does our FI need to be PCI compliant?

by Kevin Christensen — Vice President, Audit, SHAZAM

PCI compliance continues to be a confusing — and frustrating — topic. However the short answer to the question above is yes.

Will the fee cap fight go one more round?

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

The Fed emerges the victor in an appeals court decision on interchange fees and routing, but will merchants keep swinging?

Appeals court upholds Federal Reserve's 21-cent debit card swipe fee cap

March 21, 2014

A federal appeals court has today handed down a ruling in a back-and-forth drama that grew out of the 2010 Dodd-Frank Consumer Protection and Wall Street…