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Regulation / Legislation News & Media

Redesigned $10 note on the way

April 6, 2005

WASHINGTON - Much like the redesigned $20 and $50 notes issued over the last two years, the $10 denomination will be the next note slated for a make-over. The…

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NCR outlines severance of departed CEO

April 4, 2005

Associate Press: Dayton, Ohio-based NCR Corp. disclosed March 31 the terms of departure for exiting president and chief executive Mark Hurd, who has agreed to…

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Alliance Corp. responds to SEC claims

March 27, 2005

Austin Business Journal: The SEC claims ATM Alliance, which started selling ATMs and ATM locations late last year, was running a fraudulent investment scheme…

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BSP plans to standardize ATM fees

March 27, 2005

The Manila Bulletin: Manila, Philippines-based Bangko Sentral ng Pilipinas is reviewing rules on banks' ATM networks and how it could regulate or standardize…

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ATMs, other unregistered 'investments' cited as one of most common fraud scams

March 24, 2005

WASHINGTON - The North American Securities Administrators Association has identified the 10 most common ploys being used to cheat investors out of hundreds of…

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MasterCard fee gets little attention from ISOs

March 20, 2005

In contrast to Visa's recent move to alter its interchange policy, there has been nary a peep about MasterCard's decision to apply an ATM program support fee…

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Lawmakers address inequity in ATM fees

Visa and MasterCard rules prohibit acquirers from collecting ATM surcharges from international cardholders -- but a dozen states have passed laws permitting…

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Arizona CCS issues temporary cease-and-desist against two corporations The Securities Division alleges multiple violations of securities regulations in connection with the offer and sale of investments in ATMs.

March 16, 2005

Phoenix Business Journal: The Arizona Corporation Commission's Securities Division has issued a temporary cease-and-desist order against four individuals and…

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Senate investigation sought into fees, surcharges imposed by banks on Philippines' ATM cardholders

March 16, 2005

ABS-CBNnews.com: Senator Mar Roxas II has sought a Senate investigation into the fees and surcharges imposed by banks on the Philippines' estimated 15 million…

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FSPA moves forward with motion for preliminary injunction against Diebold

March 16, 2005

ALBUQUERQUE, New Mexico - The Financial & Security Products Association is moving forward with a motion for a preliminary injunction against Diebold Inc.

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South Korea's FSS advises banks to lower or abolish unreasonable service charges

March 16, 2005

JoongAng Daily: South Korea's Financial Supervisory Service has sent letters to banks advising them to lower or abolish unreasonable service charges.

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FSPA seeks preliminary injunction against Diebold

March 16, 2005

The Financial & Security Products Association's lawsuit against Diebold is growing increasingly contentious. FSPA, which represents third-party service and…

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Maine votes to keep ATMs off gambling floor at proposed casino

March 16, 2005

Boston Globe: Maine's Gambling Control Board has voted to keep ATMs off the gambling floor at a proposed casino at Bangor's Bass Park harness racing track.

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Ireland abandons plan to place consumer tax on ATM receipts

March 16, 2005

Ireland Online: The Government has reportedly abandoned its plans to introduce consumer taxes on ATM receipts, chewing gum and fast-food wrappings.

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At an impasse over interchange

March 6, 2005

Visa USA's decision to create two 'tiers' of ATM interchange has angered independent deployers, who believe it will give large banks an unfair advantage.

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Two NY counties require registration of non-bank ATMs

February 20, 2005

Depending on one's viewpoint, suburban New York is a stronghold of consumer protection -- or a hotbed of unnecessary government intervention. Two counties…

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ATM Profit Centers ordered to cease securities sale

February 15, 2005

Kansas City Infozine: ATM Profit Centers LLC and owner Stephen Durfee were ordered by the State of Missouri's Securities Division to shut down a Web site…

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NY county law requires registration fee for non-bank ATMs

February 6, 2005

Journal-News: Dave Connor said he was helping his customers by placing an automated ATM in his Blauvelt, N.Y., convenience store.

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Mass. senator intros ATM safety legislation

January 18, 2005

TownOnline.com: Massachusetts Sen. Brian A. Joyce has filed an ATM safety bill for the upcoming legislative session, aimed at mandating safety measures at ATMs…

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MP slams Royal Bank of Scotland's ATM fees

January 13, 2005

Glasgow Evening Times: The Royal Bank of Scotland has been condemned as "despicable" for locating fee-charging ATMs in poorer areas.

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