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Regulation / Legislation News & Media

NAC, ATMIA join forces against ongoing effects of Operation Choke Point

February 18, 2019

The National ATM Council and the ATM Industry Association have signed a memorandum of understanding for a joint campaign aimed at ending unjustified bank…

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CSI core banking system attracts 23 new users in 2018

February 15, 2019

CSI, a provider of financial technology solutions, has announced that it signed 23 new banks to its core system during 2018. 

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UK consumer group calls on government to appoint cash regulator

February 12, 2019

The U.K. consumer protection group Which has called on the government to create a dedicated regulatory oversight position whose appointee would be responsible…

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Mercator releases 2019 forecast for U.S. payment trends

January 23, 2019

Mercator Advisory group has released its 2019 Outlook: U.S. payments. The docyment is compiled from Outlook publications released in late 2018 for each of the…

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ATMIA survey seeks information on IAD bank account closures

January 18, 2019

The ATM Industry Association has launched a survey to evaluate the impact of sudden cash settlement account closures experienced by independent ATM deployers.

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Fed balks at OCC plan promoting fintech bank charters

January 15, 2019

The Federal Reserve is concerned about efforts by other U.S. regulatory agencies to grant licenses to fintech firms that would allow them to expand money…

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Americans mostly unfazed by face recognition tech

January 10, 2019

A national survey from the Center for Data Innovation reveals that only 1 in 4 Americans want the government to strictly limit facial recognition technology.

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Key blocks are coming!

Visa’s key block mandate will require FIs and partner companies to comply by 2019. In this white paper you’ll learn what you need to do now to get ready for…

Presented by Trusted Security Solutions, Inc.

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Lamassu selects Switzerland’s Crypto Valley for its headquarters

January 3, 2019

Lamassu, the oldest bitcoin ATM manufacturer, has selected Switzerland's "Crypto Valley" in Lucerne as the site for its headquarters, according to bitcoinist.

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UK supermarkets win ATM business rate case

January 3, 2019

Multiple U.K. supermarkets including Tesco, Sainsbury's and Co-op recently won a court case at the Court of Appeal regarding a ruling on ATM bills. The…

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Facebook under Congressional scrutiny over data sharing practices

by David Jones — Editor, Networld Media Group

Facebook is facing increased calls from privacy advocates, public officials and others for government regulation and investigation following allegations of…

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German union calls for ATM workers strike

January 2, 2019

Verdi, Germany's United Service Trade Union, has called for a strike of its 12,000 cash transport workers today in hopes of securing a €1.50 ($1.701) hourly…

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Reserve Bank of India tells banks to dump magstripe credit, debit cards for EMV

January 2, 2019

The Reserve Bank of India is asking all banks in the country to stop using old credit and debit cards with magnetic stripes to make way for EMV encoded cards…

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Bangladesh Bank orders banks to keep ATMs stocked with cash during election

December 28, 2018

The Bangladesh Bank, the central bank of Bangladesh, has ordered banks to keep sufficient cash stocked in ATMS during the 11th general election on Dec. 30…

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Trump considers barring ZTE and Huawei purchases for US carriers

December 28, 2018

President Trump is considering an executive order to bar U.S. companies from using telecommunications equipment made by Chinese companies Huawei and ZTE…

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RBC defends access to Facebook data

December 19, 2018

Royal Bank of Canada is defending itself as one of more than 150 firms given access to private data in the Facebook Messenger.

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Payment card use grows worldwide, driven by government initiatives, consumer demand

December 18, 2018

The number of merchant outlets accepting card payments worldwide grew 13 percent in 2017 to reach 69.2 million by year-end, according to the RBR report, Global…

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US techs raise competition concerns in EU

December 11, 2018

In a recent probe by European Union regulators, Apple Pay was found not to be abusing competition laws, but the digital payment service could be subject to…

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UK government wants Supreme Court to reinstate retail ATM tax

December 7, 2018

Last month, U.K. merchants celebrated a win in their battle against the government’s policy of taxing ATMs on their premises with an appeals court ruling that…

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