Non-compliance creates significant risk with mobile banking products

by Kevin Christensen — Vice President, Audit, SHAZAM

This post continues a series on risk assessment for mobile banking apps.

Diebold pays out $48M in Russian FCPA settlement

August 7, 2013

In line with its stated intent to resolve legal issues distracting management from the company's turnaround effort, Diebold Inc. has come to an agreement in…

EMV: Where do I even start?!

by atm Atom — blogger, atmatom

by Daryl Cornell

Bringing order to the 'Wild West' of mobile financial services

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Regulatory oversight will be critical to consumer confidence in the adoption of ATM-mobile services.

Cuomo signature kills NY fee placard law

August 2, 2013

New York state has repealed its physical fee notification requirement for ATMs. Gov. Andrew Cuomo signed legislation dropping the rule this week, bringing the…

Maine mulls proposal to ban use of EBT cards at some ATMs

August 1, 2013

The state of Maine has opened up a comment period until Aug. 30 for a proposed rule that would ban the use of electronic benefits transfer cards at ATMs in…

ABA releases statement on interchange fee ruling

July 31, 2013

The American Bankers Association wasted no time expressing its opposition to today's U.S. district court ruling that the Fed had set the Durbin Amendment debit…

Debit fee cap set too high, U.S. district court judge rules

July 31, 2013

A judge for the U.S. District Court in the District of Columbia sided today with retailers who claimed that the Fed had set the debit transaction fee cap…

Increased call for safety device mandate in wake of Boston ATM slaying

July 31, 2013

Some Massachusetts legislators and ATM safety advocates are pushing to mandate safety devices at bank ATMs in the wake of the murder of a 24-year-old woman who…

Update: The EMV common debit solution

Getting 4 AIDs into place (if that's what it comes down to) is going to take some skill.

ATM-mobile security and the consumer

ATM-mobile technology doesn't just have to be safe. The customer has to believe it's safe, as well.

CFPB faces new challenge to constitutionality

July 24, 2013

Richard Cordray may have prevailed in the skirmish over his appointment as director of the Consumer Financial Protection Bureau, but the battle over the…

FIs' vendor relationships come under closer scrutiny

by Jim Ghiglieri — Senior Vice President, Corporate Communications, SHAZAM

Regulators are keeping a closer eye on how financial institutions handle vendor management. FIs of all sizes can experience problems with regard to vendor…

Taxation without representation

by atm Atom — blogger, atmatom

In December 1773, British tea was dumped into Boston Harbor by the Sons of Liberty in response to the Tea Act passed by British Parliament as a tax on the…

EU drafts plan for interchange fee cap

July 17, 2013

The European Union might be closer to adopting its own Durbin-esque caps on network interchange fees that "restrict competition as they inflate the cost of…

Study: Debit issuers adjust to 'New Normal'

July 15, 2013

Financial institutions are feeling the pain of debit interchange restrictions imposed by the Durbin Amendment to Dodd-Frank; the question is where they fall on…

EFTA still bites

July 15, 2013

Even a dead snake can bite. The same is true with "dead" regulations.

Unwrapping the riddle of Bitcoin (infographic)

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Everyone's talking about the virtual currency, but does anyone really understand it?

GRG ATMS achieve CEN 4 certification

July 9, 2013

ATM manufacturer GRG recently announced that the company had been awarded CEN IV certification for a number of its ATM models. 

Mass. division of banks issues letter on interactive teller machines

July 8, 2013

The division of banks in the Commonwealth of Massachusetts recently issued a legal opinion on the regulatory approval process for the installation of an…