New survey reveals bank customers' dissatisfaction with ATM fees

by Kim Williams — Reporter, NetWorld Alliance

Seventy-seven percent don't believe it is right to charge an ATM fee.

Not unbanked, untapped

by Arjan Schutte — Managing Partner, Core Innovation Capital

Most believe the underserved are large in numbers and small in market potential. Of course, micro lenders around the world, such as Nobel laureate Grameen…

Two more federal cases filed in Las Vegas against independent ATM operators

November 9, 2011

According to the Las Vegas Review, two more federal cases have been filed against independent ATM operators for allegedly not having ATM surcharge fee…

Average cash withdrawals in South Africa up again in October

November 7, 2011

Average cash withdrawal values across South Africa – as measured by the Spark Cash Index (SCI) – increased by 1.22 percent from September to October this year.

Bank of America offers EMV chip cards to U.S. international travelers

November 7, 2011

Bank of America Merrill Lynch, a global commercial card provider to corporate and government entities, today announced that it would be expanding its offering…

Wincor Nixdorf survey finds U.S. consumers not eager to give up checkbooks

November 7, 2011

Despite the tremendous growth of debit cards, electronic payments and direct payroll deposits, a nationwide consumer survey reveals that most Americans are not…

Opinions on U.S. EMV implementation differ at ATM, Debit & Prepaid Forum

by Kim Williams — Reporter, NetWorld Alliance

A risk management consultant urges adoption, while major bank and ATM players express resistance.

Paragon presents ATM voice guidance, EMV solutions at ATM, Debit & Prepaid Forum

November 2, 2011

Paragon Application Systems, a provider of ePayment simulation, configuration and testing solutions to the payment technology industry, is presenting ATM voice…

Open Solutions CEO pens open letter to FDIC chairman

The CEO asks the chairman to help protect community banks.

ATMIA, Tremont Capital release Visa/Plus impact on IADs study

November 2, 2011

The ATM Industry Association and Tremont Capital Group, a consulting firm specializing in the ATM industry, have announced the completion of a proprietary…

Cardtronics CEO offers candid perspective on EMV, interchange fees, cash outlook

by Kim Williams — Reporter, NetWorld Alliance

Rathgaber tells ATM, Debit & Prepaid Forum audience he has no intention of implementing EMV.

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.