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Underbanked / Unbanked News & Media

NCR secures ATM orders from Chinese banks

July 25, 2006

BEIJING ¯ NCR Corp. announced July 25 that it has received large ATM purchase orders from China Construction Bank and China's Bank of Communications. Financial…

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Nationwide builds ATMs into phone booths

July 20, 2006

Reuters: Nationwide Building Society plans to address cash machine shortages by building ATMs into phone booths. The financial institution launched the cash…

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First Data says revenue is up 10%

July 20, 2006

DENVER - First Data Corp. July 20 announced a 10-percent revenue increase during the second quarter, up from $2.6 billion last year. According to the company's…

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Banks, credit unions enter remittance market game

July 16, 2006

San Francisco Chronicle: Bank of America, Wells Fargo, Citibank and a number of credit unions in the United States are beginning to offer transfer remittance…

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7-Eleven expands Vcom ATM services

July 6, 2006

Convenience Store News: 7-Eleven signed an agreement with Financial Services Centers Cooperative that's eventually expected to allow members of the…

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Western Union signs money-transfer deal with African banking group

July 6, 2006

CASABLANCA, Morocco - Western Union Financial Services Inc. and Bank of Africa Group have signed a deal to provide money-transfer services to Bank of Africa…

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Tio to offer insurance products at c-stores

July 5, 2006

BURNABY, British Columbia - Tio Networks Corp., formerly Info Touch Technologies Corp., soon expects to offer accidental death insurance to ExxonMobil…

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ATMs move into advanced services, offer more than cash

June 29, 2006

IBNLive: Banks in India are luring customers to ATMs with more than just cash options. They're experimenting with customized applications such as the ability…

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Tranax wants to be first to ride wave of change

by Tracy Kitten — Editor, AMC

Last week in Nevada, Tranax CEO Hansup Kwon told distributors the future of self-service is here, and big changes are a market demand.

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Mobile ATMs coast through Florida

June 19, 2006

Bay News-TV Channel 9: In a van called the Coast Cash Cruiser, Floridians in the Tampa Bay area are getting faster and more convenient access to their cash.

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South African FI expands into retail with Diebold ATMs

June 19, 2006

NORTH CANTON, Ohio - South Africa's oldest bank has placed 500 Opteva ATMs from Diebold Inc. in retail locations across the country. Deployment of the…

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Competisys, Morgan Beaumont launch financial-services platform

June 12, 2006

IRVINE, Calif. - Competisys and Morgan Beaumont Inc. have entered a financial-services agreement to provide prepaid cards from Discover Network and other…

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Competisys, Morgan Beaumont launch financial-services platform

June 12, 2006

IRVINE, Calif. - Competisys and Morgan Beaumont Inc. have entered a financial-services agreement to provide prepaid cards from Discover Network and other…

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Prepaid-debit, credit cards target unbanked, underbanked

June 7, 2006

The Wise Marketer: The League of United Latin American Citizens (LULAC) has partnered with Florida-based Access Card Systems Inc. to provide prepaid…

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First Data moves forward with Western Union spin-off

June 7, 2006

DENVER - Plans for First Data Corp.'s spin-off of its Western Union business continue to move forward. First Data has filed for the separation of Western Union…

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Fishback Financial to launch prepaid card

May 31, 2006

BROOKINGS, S.D. - Fishback Financial Corp., South Dakota's largest bank holding company, is expected to unveil its new prepaid MasterCard this month in Chicago…

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Debit use explodes in South Africa

May 31, 2006

ePaynews: South Africa's debit-card issuance grew by 23 percent to 30 percent in 2003 and 2004 from previous years, the result of efforts to reach the…

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India's rural areas still lack sufficient number of ATMs

May 29, 2006

The (India) Economic Times: In India's rural areas, providing consumers with fast access to cash has been tough to deliver. Since the Reserve Bank of India…

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FastLane, Business Payment Systems sign merchant debit deal

May 25, 2006

BOULDER, Colo. - Payment network FastLane and New York-based Business Payment Systems Inc. signed a deal to provide BPS merchants access to FastLane Debit…

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