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Regulation / Legislation News & Media

Politics

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Despite its burgeoning status, the ATM Industry Association's Government Relations Committee is already making significant strides in stopping knee-jerk ATM…

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Poll: British ATM users still confused by ATM fees

September 1, 2004

Finextra: UK consumers are still confused about whether they will pay a fee for making cash withdrawals at ATMs despite the introduction of stickers and…

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Class action suit charges FIs, ATM operators with collusion over fees

August 18, 2004

New York Post: A new federal class action suit charges ATM operators and banks with colluding to gouge customers every time they used ATMs. The suit, filed in…

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Visa delays PED testing requirement

August 9, 2004

Less a week before a new ATM security requirement that called for PED testing at approved labs was to take effect, Visa decided to defer it. Visa wants time to…

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Visa adds testing requirement for ATM PEDs

August 1, 2004

A year after it began requiring PEDs used on point-of-sale terminals to be tested at an independent Visa-approved laboratory, Visa is introducing a similar…

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Access Board publishes new ADA guidelines, including requirement for audio ATMs

July 28, 2004

WASHINGTON, D.C. - The U.S. Access Board, as expected, last week released new design guidelines that cover access for people with disabilities under the…

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Scrip under scrutiny

Interchange fees -- or more specifically, the way they flow -- are at the center of a growing debate over scrip transactions. One scrip deployer has issued a…

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Australia's Cashcard recommends replacing ATM interchange with direct charging model

July 8, 2004

SYDNEY - Payment services provider and ATM operator Cashcard Australia Ltd has recommended the Reserve Bank of Australia (RBA) consider reducing ATM fees as…

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Tidel proposes $3M settlement of class action suit

July 5, 2004

HOUSTON - Tidel Technologies, Inc. (Other OTC: ATMS) has reached an agreement inprinciple to settle securities class action lawsuits filed against it in the…

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Calif. ISO, KeyBank in ATM marketing alliance

June 27, 2004

CALABASAS, Calif.-Coast ATM, LLC and Cleveland-based KeyBank (NYSE:KEY) have formed a marketing alliance to place ATMs and cash management solutions in…

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Australia's central bank may take action on ATMs

June 10, 2004

SYDNEY - Australia's central bank is considering imposing reforms on ATM and debit transactions as well as on some American Express charge cards, according to…

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ATM surcharge proposal suffers setback in Australia

June 7, 2004

SYDNEY - The lengthy and sometimes contentious process of reforming Australia's electronic payments system has suffered another blow after the country's…

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Amended ATM bill passes Calif. Assembly

May 25, 2004

SACRAMENTO, Calif. - The California Assembly on May 25 voted 68-0 in favor or a bill that would require ATMs not owned by banks to be registered with an…

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Sainsbury's grows UK ATM network, expresses concern over surcharges

May 17, 2004

LONDON - Sainsbury's Bank, the banking arm of UK supermarket chain Sainsbury's, plans to add another 235 ATMs to its national network this year, for a total of…

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Miss. governor vetoes ATM fee regulation bill

May 5, 2004

JACKSON, Miss. - Gov. Haley Barbour has vetoed a bill that would have standardized user fees for ATMs.

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Ill. companies establish Midwest ATM Association

April 11, 2004

CHICAGO - The Midwest ATM Association, a not-for-profit corporation, has been established by three industry executives in response to Illinois' recent…

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S. Korean banks increasing ATM fees

March 7, 2004

SEOUL, South Korea - Because regulators are not empowered to limit the ceiling on ATM access charges, several large commercial banks have hiked the fees over…

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Former Tri-State owner to fork over $3M

February 18, 2004

TRENTON, N.J. -- The former owner of an armored car service agreed to forfeit $3 million in assets after he was found guilty of wire and bank fraud, illegally…

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BofA facing Calif. lawsuit over ATM fees disclosure

February 12, 2004

LOS ANGELES - California consumers have filed a lawsuit claiming that Bank of America failed to adequately disclose certain fees at ATMs.The suit, filed along…

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Kansas considering ATM emergency notification measure

February 5, 2004

TOPEKA, Kan. - A system that summons police when ATM users enter their PIN backward would save lives, proponents of a bill mandating use of the technology say.

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