Three Key Drivers Impacting Financial Services

FIS’ Marianne Brown predicts the three forces reshaping financial services in 2019. Do you agree?

China's banks turn to smart teller, video teller machines as ATM numbers shrink

May 22, 2019

Since the deployment of China's first ATM in 1985, ATM installations rose steadily through 2018, by which times the installed base of bank self-service…

Next-gen form factors now driving growth in payment cards

May 22, 2019

Despite near ubiquitous global uptake of the EMV standard, several factors are stimulating the payment cards market such as new banking clients, increasing…

Indian consumers' familiarity with e-payments propels higher retail sales

May 22, 2019

Payments technology company Financial Software and Systems has published India Payment Trends 2018, a report that highlights consumer payment trends, as well…

Your accountholders crave more, better communication

by Rebecca Hellmann — SVP, Blanda Marketing & Public Relations

Today's consumers admit to knowing very little about managing finances. But they want to learn. Even better, they want to learn from you. J.D. Power reports…

Why credit card acceptance actually spurs cash use at vending machines

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

Research confirms that cashless readers do not undermine cash sales in a vending machine. In fact, the technology serves to increase both cashless and…

Number of ATMs worldwide set for a slow decline through 2024

May 21, 2019

Today, more than half the world’s ATMs are found in just five countries — China, the United States, Japan, Brazil and India. 

Cummins Allison sees sizable uptick in CU demand for self-service coin counters

May 21, 2019

Cummins Allison, a provider of ATMs and coin, currency and check processing solutions, has experienced a 31% increase in sales to CUs of its Money Machine …

Contactless cards not likely to make much difference in mobile payment adoption

May 17, 2019

A widening rollout of contactless cards has been accompanied by speculation that increased comfort with the technology will spur mobile payments, but it might…

ATM transactions increase in India even as ATM numbers decline

May 17, 2019

Despite a continuing demand for cash among Indian consumers, the number of ATMs in India has declined over the past two years — and could continue to do so in…

The future of cards, contactless and biometrics in payments

With big players like Mastercard and Visa now mandating that all new cards and payment terminals be contactless enabled, global growth of the technology is set…

Alogent named one of Georgia's 40 fastest-growing firms

May 16, 2019

Alogent Corp., a provider of deposit automation, item processing, enterprise information management and digital banking solutions for financial institutions…

OpenFin aims to accelerate adoption of app-based software overlay for legacy banking systems

May 16, 2019

OpenFin Inc. has raised $17 million in Series C funding from major financial institutions, led by Wells Fargo & Co., to expand the use of its software for…

US Bank, Chrome River unveil AI-based payment, expense management app

May 14, 2019

U.S. Bank and Chrome River have debuted U.S. Bank Expense Wizard, a mobile payment and expense management tool that uses chatbots and artificial intelligence…

Technavio projects global market for wearable smart devices to reach $35.6B by 2023

May 14, 2019

The global wearable electronics market is expected to post a CAGR of more than 15% to reach $35.67 billion by 2023, according to market research by Technavio.

ACI, BMO team to offer real-time B2C payments

May 14, 2019

ACI Worldwide Inc., a provider of real-time electronic payment and banking solutions, has announced that BMO Financial Group is using its BMO Payment Hub…

San Francisco puts the kibosh on cashless retail, restaurants

by David Jones — Editor, Networld Media Group

San Francisco has become the latest city to say no to cashless retail and foodservice as advocates for vulnerable populations demand equal access to shopping…

Employees want flexible payment methods, pay cycles

May 10, 2019

More than three-quarters (78%) of employers globally agree that companies will need to customize payment options to remain competitive in the war for talent…

Tink, NatWest partner to roll out mobile banking tools for personal financial management

May 10, 2019

Tink, a Stockholm-based open banking platform, has entered a partnership to provide its personal financial management and data enrichment tools through the…

Cashless initiatives catching on in Japan

May 9, 2019

Japan is taking steps toward becoming a cashless society, with all transactions paid in cash expected to decline from 76.2% in 2018 to 71.4% in 2022, according…