Federal Court rules in favor of Nautilus Hyosung in dispute with Tranax

May 26, 2010

COPPEL, Texas — According to a press release, a federal court in San Francisco has confirmed an international arbitration ruling in favor of Nautilus Hyosung…

Harkin Amendment draws fire from industry groups

by Matt Cunningham — Editor, NetWorld Alliance

ATM deployers and others are voicing strong opposition to proposed fee cap

Senate passes interchange restriction bill

by James Bickers

In a surprise move, the U.S. Senate last night passed the Electronic Check Parity Act of 2010, which would give the Federal Reserve Board oversight authority…

NAFCU opposes ATM fee cap

May 6, 2010

The National Association of Federal Credit Unions (NAFCU) wrote a letter to U.S. senators in opposition to the amendment of the Restoring American Financial…

Senate proposes capping ATM fees

May 5, 2010

Senator Tom Harkin, D-Iowa, introduced an amendment Wednesday that would cap ATM fees at 50 cents per transaction.

New federal overdraft rules for ATM, debit cards

May 5, 2010

New federal rules will require ATM and debit card users to grant permission for certain overdrafts to be covered by their bank.

Chexar cleared of patent infringement claimed by Valid Systems

April 20, 2010

Valid Systems has dismissed its claims for patent infringement against Chexar Networks, Inc., according to a news release.   Valid's case was dismissed with…

Skimming ring uncovered in South Carolina

April 15, 2010

The U.S. Secret Service has uncovered evidence of an international credit and debit card fraud scheme in South Carolina, according to a story on News Channel …

Woman accused of stealing $200,000 from credit unions at ATMs

April 4, 2010

Tampa's WFTS-TV reports that a 41-year-old woman caught on camera withdrawing money from an ATM is the mastermind behind an identity-theft and fraud ring in…

When the sponsoring FI fails, what's next?

by Marilyn Kilcrease — President, Creative Card for Prosperity Bank

Commentary: Marilyn Kilcrease of Creative Card Solutions and Susan Kohl of ThoughtKey Inc. this week wrap up their four-part series on steps ATM deployers…

TJX hacker gets 20 years for credit, debit breach

March 25, 2010

Help Net Security reports that Albert Gonzales, better known as the "TJX hacker," whose breach of TJX reportedly led to the loss of some $200 million through…

Security breaches hit PNC, Fifth Third debit cards

March 25, 2010

BankInfoSecurity.com reports that breaches of debit card systems have been reported by PNC Financial Services and Fifth Third Bank, bringing the total number…

Wyoming legislation to limit ATM surcharge fees gets turned down

March 18, 2010

Legislation to put a cap on ATM surcharge rates proposed in the state of Wyoming was turned down last month by The Wyoming House of Representatives.  …

Egan, MVMC COO indicted for defrauding ATM customers

The Department of Justice announced last week that the alleged ATM fraud associated with Mount Vernon Money Center is now thought to be four times greater than…

Fifth Third Bank manager explains $950,000 heist

March 14, 2010

Michigan's Mlive.com reports that the former Fifth Third Bank manager who over course of five years pocketed $950,000, on Friday told a judge how she got away…

Fed sets new overdraft rules set for debit, ATM cards

March 7, 2010

The Edmond Sun reports that beginning this summer, new rules set by the Federal Reserve will affect debit and ATM card users if they rely on overdrafts. …

South African ATM expert hails directive of off-site ATMs

March 7, 2010

South Africa's Vanguard reports that Mark Sternberg, the managing director of Spark ATM System, the second-largest off-premises ATM management company in South…

Former grocery store cashier charged with stealing $28,500

February 28, 2010

NewsoftheNorth.Net reports that a 38-year-old Arbor Vitae, Wis., woman and former head cashier at Save More Food Markets in Minocqua, Wis., has been charged…

Mount Vernon's $12 million ATM theft could involve other banks

February 28, 2010

TMCnet.com reports that Robert Egan's alleged theft of $12 million in cash from Webster Bank ATMs started unraveling in late January.   Egan's company, Mount…

Evaluating the sponsor bank relationship is critical for ATM deployers

by Susan Kohl — President, ThoughtKey

Many service providers don't take time to critically evaluate their sponsor-bank relationships. Service providers that don't look both ways before walking into…