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Regulation / Legislation News & Media

There's a tremor in the force and it's emanating from Connecticut

by Todd Nuttall — CEO of Better ATM Services, Better ATM Services

Market forces often collide, some resulting in tremors that portend things to come. The recent passage by the Connecticut General Assembly of legislation in…

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FIME authorized for SEPA host certification

June 27, 2013

Advanced secure-chip testing provider FIME has been authorized by the Open Standards for Cards Consortium to perform Single Euro Payments Area Host Acquirer…

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FTC to scrutinize 'patent trolls'

June 25, 2013

Given a rising number of patent infringement cases and a dearth of evidence to prove that they're benefiting anyone but the litigant lining his pockets, the…

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ABA report profiles evolving payment system

June 20, 2013

The American Bankers Association has released a report for policymakers on the rapidly evolving payments marketplace. The document identifies three areas for…

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Visa sues Walmart to prevent another anti-trust action

June 14, 2013

The back-and-forth battle between the card associations and retailers who accuse them of rate-fixing is beginning to look like a tennis match — with a score…

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5 reasons why the ATM industry can't afford not to support the US defense fund

by David Tente — Executive Director, USA, ATM Industry Association

Most people don't realize how much work goes on behind the scenes, on a daily basis, to protect the interests of the ATM industry in the United States.

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New CSI service helps take the complexity out of compliance

June 12, 2013

In an effort to offer financial institutions a simplified approach to the compliance process, Computer Services Inc., a provider of end-to-end technology…

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India's PSBs allowed to bail out of centralized ATM buying

June 10, 2013

It was a great idea in theory, but ... The finance ministry of India recently repealed its mandate that public sector banks use a centralized bidding process…

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China to MasterCard: No renminbi transactions

June 5, 2013

The People's Bank of China has told MasterCard that it may not process cross-border transactions in renminbi, and has told online payment platform EPayLinks…

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New bill would eliminate Basel III and raise bank capital

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

To put an end to the too-big-to-fail phenomenon, Senators Sherrod Brown and David Vitter recently introduced the "Terminating Bailouts for Taxpayer Fairness…

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EAST to host Financial Crime & Security Forum

May 22, 2013

The European ATM Security Team Ltd. will present the first EAST Financial Crime & Security Forum on June 13–14 in the World Forum at the Hague. The event…

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ATM fee placard litigation: It ain't over 'til it's over

May 21, 2013

In a reminder that EFTA isn't quite dead yet, Massachusetts Attorney General Martha Coakley said on Monday that Merrimak ATM Group LLC will pay $50,000 to…

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GRGBanking products certified ECB compliant

May 16, 2013

GRGBanking has announced the May 3, 2013, certification by the European Central Bank of the Chinese manufacturer's cash recyclers, deposit machines, sorting…

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Don't bogart that ATM.

May 14, 2013

You can bet that the ATM down the street from a cannabis shop is one busy machine. Because despite the legalization of marijuana in 18 states, it's still a…

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ATMIA offers new compliance service to members

May 13, 2013

The ATM Industry Association has announced a new service that will deliver compliance monitoring and regulatory alerts to United States chapter members in all…

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How do you follow a year of ATM industry 'firsts'?

With a year of nexts, of course. After a year on the job, David Tente of ATMIA is bringing it on for the ATM industry.

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FIs in India can 'pay it forward' with rural branch additions

May 6, 2013

As part of its ambitious plan to extend financial services to India's unbanked population, the Reserve Bank of India is requiring that 25 percent of all new…

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EMV Compliance Mandate Delivers Financial Hit

Faced with an approaching EMV deadline, U.S. ATM deployers and operators weigh the cost of migration. Experts say the time to act is now.

Presented by Triton

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The Fed’s take on debit interchange post-Durbin

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

In conjunction with the release of its recent PIN vs. signature survey data, the Fed announced that it would not adjust its cap on interchange rates.

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ATMIA refiles amicus brief in card settlement as states mull merchant surcharge bans

April 5, 2013

On March 29, the ATM Industry Association refiled its amicus brief in the U.S. District Court of Eastern New York, restating the association's opposition to…

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