Bank of America cancels monthly debit fee program

November 1, 2011

According to Forbes.com, Bank of America is joining the ranks and eliminating its proposed $5 monthly debit card fee.

Wells Fargo abandons monthly debit fee pilot program

October 30, 2011

According to Bloomberg.com, Wells Fargo & Co. has abandoned plans to charge a $3 monthly debit card fee after the program was met with customer opposition.

ATM card circulation in Canada predicted to reach nearly 125 million by 2016

While card circulation is increasing, withdrawals are decreasing.

U.S. Bank eliminates debit rewards program

October 25, 2011

According to KIRO 7 TV in Seattle, U.S. Bank is eliminating its "Flex Perks" debit card rewards program effective Nov. 1.

Survey: Banks less confident in ability to detect cross-channel fraud

October 25, 2011

A new report on the current state of fraud detection and prevention at U.S. banks finds that while most banks have invested heavily in securing communications…

African ATM market ripe for expansion

'Cash is king' environment and a major increase in wireless usage are making the market attractive.

Red Segura, GRG unveil proximity solution to eliminate mag-stripe

October 24, 2011

Red Segura and GRGHK, a subsidiary of GRG Banking, have unveiled a multi-vendor solution aimed at helping financial institutions eliminate the use of…

Senator Durbin questions Wells Fargo about debit fees

by Kim Williams — Reporter, NetWorld Alliance

The bank posted record profit results this week, prompting inquiries into the need for debit fees.

Report discusses negative impact of Durbin Amendment on banks, consumers

by Kim Williams — Reporter, NetWorld Alliance

Merchants aren't incentivized to pass savings on to consumers, according to findings.

Another ATM surcharge fee lawsuit for Visa and MasterCard also includes three major banks

October 19, 2011

According to the Washington Post, yet another lawsuit over ATM surcharge fees has been filed against Visa and MasterCard and three major banks accusing them of…

BAI 2011: Nautilus Hyosung CEO talks products, predictions

Charlie Jung, CEO of Nautilus Hyosung America, describes his company's focus at BAI as well as what's ahead in 2012.

Cloud-based ATMs are coming your way

by Robert Siciliano — speaker, IDTheftSecurity.com

Criminals often target cash machines, as well as various other automated kiosks that dispense DVDs, tickets or other merchandise. They have discovered numerous…

EAST releases ATM crime update, fraud attacks increase 69 percent

October 17, 2011

The European ATM Security Team today released its bi-annual report providing an overview of the European ATM crime situation. The report shows a 69 percent…

Smart Card Alliance Payments Summit 2012 will offer 'all payments' agenda

October 17, 2011

The Smart Card Alliance today announced that its Payments Summit will return for 2012 with an "all payments" agenda, covering every leading transaction…

Preparing for EMV in the U.S.: A lesson from Canada

Although no deadline is set, the transition seems inevitable.

BAI: Summit session focuses on reinventing the ATM channel

by Kim Williams — Reporter, NetWorld Alliance

Speakers discuss influencing customer ATM usage and leveraging B2B partnerships.

Webinar: Combating fraudulent redemption at the ATM

by Kim Williams — Reporter, NetWorld Alliance

The Diebold-sponsored event discussed ATM vulnerability points and security program best practices.  

ATM cash withdrawals reach record highs in UK

October 3, 2011

According to BBC News, more cash was withdrawn from UK ATMs last Friday than on any other day so far this year.  The Link network attributes the jump to the…

India uses 'human ATMs' to reach unbanked population

October 2, 2011

According to the Bend Bulletin, India is using "human ATMs" to reach its unbanked rural population.

ATMIA Canada board meeting tackles global industry issues, current concerns

by Kim Williams — Reporter, NetWorld Alliance

Topics included the Canadian EMV transition and the Money-Services Businesses Act.