Indian Bitcoin exchange closes amid regulatory warnings and tax inspections

January 3, 2014

India's largest Bitcoin trading platform, BuySellBitCo.in, closed on Dec. 26 as a result of regulatory warnings from the Reserve Bank of India, according to…

2014: The year of the seamless transaction?

A great, cross-channel customer experience is the gold standard for FIs. So why is it so hard to deliver?

Brazil hikes ATM fees by 1,600%

January 2, 2014

Brazil's finance ministry has increased the tax on citizens' debit card withdrawals abroad from the current 0.38 percent to 6.38 percent in the hope of…

European Banking Authority issues virtual currency warning

December 26, 2013

The European Banking Authority has issued a warning about the unregulated nature of virtual currencies such as Bitcoin, and the risk to consumers of buying…

Belarus bank brings payments control in-house

December 20, 2013

Belgazprombank, an FI in the Republic of Belarus, and BPC Technologies have partnered on implementation of the bank's new in-house processing center. By going…

Guides offer a roadmap for 2 major ATM upgrades in 2014

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Information in new premium guides can take some of the angst out of upgrades to EMV and Windows 7 in the new year.

40M cards compromised at Target: Coming to your ATM soon?

December 19, 2013

Target Corp. has released a statement acknowledging a massive card data breach between Nov. 27 and Dec. 15, and saying that compromised data could include…

DNA will open EMV toolbox for more providers

A founding member of the newly formed Debit Network Alliance explains how DNA can benefit the entire payments industry.

Bitcoin price tumbles after China processing ban

December 18, 2013

This month has been neither merry nor bright for Bitcoin. Since Dec. 5, when the People's Bank of China ruled that it was not a currency, the price of a…

Spending cash turns out to be expensive

by Terry Dooley — SVP & CIO, ITS, Inc

Using cash is costing Americans $200 billion per year. This amounts to an average of $1,739 per household, according to a new study by the Fletcher School at…

Azerbaijan bank adds contactless capabilities

December 16, 2013

PASHA Bank announced that it has become the first bank in Azerbaijan to process contactless transactions. According to a press release from the company, it is…

NRF expresses disappointment over swipe fee settlement

December 16, 2013

The National Retail Federation has issued the following statement from Senior Vice President and General Counsel Mallory Duncan in response to U.S. District…

Judge approves MasterCard, Visa swipe fee settlement

December 13, 2013

A federal judge today approved a settlement in the class action suit between merchants and card networks Visa and MasterCard over alleged fixing of merchant…

Riding into the sunset: Banking by telephone and mail

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

Mobile banking is becoming progressively more popular according to the American Bankers Association. In a survey of 1,000 U.S. consumers, mobile banking was…

Frictionless transformation: No strings attached!

by Richard Buckle — Founder and CEO, Pyalla Technologies, LLC

The extreme cold and icy conditions that have kept many of us in Colorado housebound are beginning to ease, and once again, intrepid drivers are heading back…

ATMs aren't losing share, they're gaining company

NCR explains the rationale behind its planned acquisition of mobile and online provider Digital Insight.

Obstacles still block speed, efficiency of payments

by Terry Dooley — SVP & CIO, ITS, Inc

Federal Reserve Bank of Cleveland President Sandra Pianalto recently said that the central bank, which handles more than $3 trillion daily to pay for goods…

Mexico's largest processor certifies GRG ATMs

December 9, 2013

Mexico's largest e-payment processor has certified the GRG Banking H68N Series cash-recycling ATM for use on its payment and POS network throughout the country.

European ATM operators prepare for new €10 banknote

December 9, 2013

The most recent newsletter for ATMIA Europe included a European Central Bank update on plans for the introduction of the new Europa Series €10 banknote. ECB…

Fed files reply in interchange case

December 6, 2013

The Federal Reserve Board met its Dec. 4 deadline for filing its reply to merchants' arguments against the agency's implementation of the Dodd-Frank-imposed…