Regulation / Legislation News & Media
Death, taxes...and ATM regulation?
February 2, 2004
As if 'death' and 'taxes' aren't enough when it comes to life's inevitabilities, those in the retail ATM business will likely soon be coping with 'increased…
read nowConcord says NYCE suit 'totally without merit'
January 26, 2004
MEMPHIS, Tenn. - Concord EFS, Inc. (NYSE: CE) said it intends to vigorously defend itself against a lawsuit filed by the NYCE Corporation on Jan. 23.
read nowNYCE files suit against Concord over Star routing rules
January 25, 2004
MONTVALE, N.J. - NYCE Corporation has filed a lawsuit against Concord EFS, Inc. alleging breach of an agreement between NYCE and current and predecessor…
read nowAustralian parliamentary committee allows flexibility in ATM fees
January 14, 2004
SYDNEY - Bank customers could soon pay more to use a "foreign" ATM in the bush than they would pay in the cities.
read nowTaiwan stiffens penalties for financial crimes
January 13, 2004
TAIPEI, Taiwan - The Legislative Yuan passed revisions to seven financial laws on Jan. 13, allowing for heavier punishments for those convicted of financial…
read nowChina changes interchange rules
December 30, 2003
SHANGHAI - China's central bank has passed a new rule on bank card commission fees, and will cut the total charges on each cross-bank withdrawal via ATMs from…
read nowFirst Data doesn't need shareholder approval for revised Concord merger agreement
December 21, 2003
DENVER - First Data Corp. will not need to seek the approval of its shareholders for the revised terms announced last week under which it will acquire Concord…
read nowCalif. lawmakers intro bill to regulate independent ATMs
December 16, 2003
SACRAMENTO, Calif. - A bill designed to prevent fraud at independently owned ATMs was introduced on Dec. 16 by three California Assembly members, according to…
read nowFirst Data to divest NYCE; Concord merger now looks likely
December 14, 2003
DENVER and MEMPHIS, Tenn. - First Data Corp. (NYSE: FDC) and Concord EFS Inc. (NYSE: CE) have announced a proposed agreement with the U.S. Department of…
read nowDOJ rejects First Data offer as sides prepare to argue Concord merger
December 11, 2003
WASHINGTON - First Data Corp offered U.S. antitrust authorities on Dec. 11 a deal aimed at resolving objections to its proposed purchase of Concord EFS Inc. -…
read nowAustralia's Reserve Bank to require fee disclosure at ATM
December 9, 2003
SYDNEY - Australia's Reserve Bank plans to force banks to display the cost of using a foreign ATM, the bank said.
read nowNY senator wants ATM operators to be licensed
December 3, 2003
NEW YORK - The arrests of three men accused of rigging an ATM in a Manhattan candy store to steal bank card data points out the need for licensing and…
read nowSecurity alliance releases international ATM security guidelines
October 29, 2003
CAPE TOWN, South Africa - In an effort to enhance the customer experience at ATMs, the Global ATM Security Alliance (GASA) introduced a set of international…
read nowCourt fast tracks First Data/Concord case
October 29, 2003
DENVER and MEMPHIS, Tenn. - U.S. District Court Judge Rosemary Collyer on Oct. 28 entered a scheduling order in the litigation filed by the Department of…
read nowThieves go away empty handed as ATM withstands blasts
October 26, 2003
SUGITOMACHI, Japan - Would-be thieves blew up an unmanned booth housing an ATM, but went away empty handed as the machine remained intact, according to The…
read nowDOJ sues to block First Data/Concord merger
October 22, 2003
WASHINGTON - The Justice Department filed suit on Oct. 23 to block First Data Corp.'s $7.3 billion acquisition of Concord EFS Inc., contending the deal would…
read nowNY law requires banks to retain ATM surveillance tapes longer
September 23, 2003
NEW YORK - New York's banks will have to retain ATM surveillance tapes for 15 more days under legislation approved by Gov. George Pataki.
read nowSaudi Arabia to provide visas through ATMs
September 9, 2003
DAMMAM, Saudi Arabia - The Passports Department may soon provide exit/re-entry visas to expatriates through ATMs, one of several planned changes aimed…
read nowMalaysian government to review ATM fees
September 4, 2003
DEWAN RAKYAT, Malaysia - Following criticisms from members of Malaysia's Parliament against banks for imposing fees on customers for ATM withdrawals, the…
read nowIt's getting easier to add audio to ATMs
August 20, 2003
The bad news: Triple DES isn't the only regulation impacting ATMs in the near future. The good news: technology advances are making it easier to add audio to…
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