Kansas bank embraces universal teller concept

February 5, 2014

Leawood, Kan.-based Alterra Bank has made the move from a traditional teller line format to a universal banker approach that allows staff and customers to…

Mobile startup seeks to turn businesses into ATMs

February 5, 2014

A mobile payments startup aims to launch a new kind of ATM juggernaut in the U.S., one that will dispense funds from the cash-filled tills of hotels — and…

Pay in-pay out network bridges the digital divide

February 4, 2014

Historically, ATM and POS network operators have been locked into card-based payments acquiring relationships that offer few options for generating additional…

Department of Homeland Security taps FIS for cybersecurity research

February 4, 2014

Banking and payments technology provider FIS has reached an agreement with the Department of Homeland Security under which the company will serve as a…

Canada's Parliament mulls 50 cent off-us fee cap

February 4, 2014

It shouldn't cost Canadians as much as $3 to get access to their own money at a cash machine, a member of Canada's Opposition party asserts. The party wants to…

Will MCX eclipse branded payment networks?

A major issue clogging the road of payment evolution toward MCX is where account holders' value is stored. Another issue is the MasterCard/Visa duopoly that…

London transport authority ends cash payment for bus fares

February 3, 2014

According to Transport for London, the 1 percent of Londoners who pay bus fares with cash cost the city 24 million pounds ($39.15 million) per year. So, the…

Senate hearings on data breach hint at a long road to remedy

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

But first, the 'blame storm.'

Independent review firm names '10 best EMV compliance consultants' for February

February 3, 2014

Topcreditcardprocessors.com has ranked the 10 best EMV compliance consulting firms for the month of February. Each month, the payment processor review firm…

Two-vendor solution helps ensure uptime at rural Italian ATMs

January 29, 2014

NCR Corp. and INETCO Systems Ltd. are working in partnership with Sinergia, an Italian provider of centralized ATM network infrastructure, to improve the speed…

How often are data breaches really reported?

by Kevin Christensen — Vice President, Audit, SHAZAM

Many Target customers are upset, and understandably so. In their view, the retailer did not do enough to protect their private information from the crooks.

Cash: It really is 'Everywhere You Want to Be'

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Having an EMV-enabled card in Europe is one thing. Being able to use it is another.

E-payments industry continues to face hurdles

by Dan Kramer — Senior Vice President, Marketing & Merchant Servic, SHAZAM

In its seventh annual overview of the status of the electronic payments industry, Digital Transactions looks closely at ongoing interchange issues, virtual…

Mitigating risk after April 8 - without Windows 7

Microsoft anti-malware support alone won't cut it for ATM security; independent tests say PC/E Terminal Security Software will.

Is Apple coming around to NFC?

January 20, 2014

Apple has filed a patent for a process that connects wireless devices to POS terminals using more than one interface. The patent describes the use of NFC or…

Senators propose hearings on Target data breach

by Terry Dooley — SVP & CIO, ITS, Inc

Following the recent Target data breach, three U.S. Senators are pushing lawmakers to assemble to discuss the future of cyber security standards for businesses…

Appeals judges unsympathetic to retailers' fee cap, routing complaints

January 18, 2014

Federal appeals court judges heard oral arguments last week in the ongoing litigation in retailers' antitrust suit against Visa and MasterCard. On July 31…

Wells Fargo launches Bitcoin consultative group

January 17, 2014

Wells Fargo has set up a group of experts to discuss rules of engagement with Bitcoin, according to the Financial Times. The group is made up of finance…

Card fraud: The target on the US market's back

After a widely reported Target breach, consumers are being schooled in realities the ATM industry has known for some time.

Consumers lost billions as a result of Durbin regulation

by Terry Dooley — SVP & CIO, ITS, Inc

Economic consulting firm, Global Economics Group, recently released the results of a study exploring the impact of the Durbin Amendment on consumers…