FNB, NCR take home award for ‘Best ATM and Kiosk Project in Africa’

August 15, 2014

FNB won the award for its successful implementation of the NCR SelfServ 4 slim line kiosk, using a custom platform that supports the FI's inclusion banking…

PayToo bridges mobile and ATM worlds with cardless cash access for the unbanked

by Nicole Troxell — Associate Editor, Networld Media Group

The company's mobile wallet, which combines telecom and payment services, is crossing over to the ATM market to provide card-free cash access at PayToo-enabled…

Genmega, PAI, Paytoo partnership brings cardless ATM access to the unbanked

July 17, 2014

The concept is now being tested in a 90-day pilot, after which the partners are prepared to roll out a nationwide deployment of several thousand machines.

Nigeria prepares to enact final phase of cashless policy on July 1

June 25, 2014

Following a one-year waiver period, cash withdrawals via teller or ATM will be subject to a fee of up to 5 percent as the Nigerian government carries out its…

Banco de Credito del Peru, Diebold will install 1,000 ATMs to better serve Peru's unbanked

June 17, 2014

In an effort to reach the three-quarters of Peruvian adults who are currently unbanked, the country's principal FI is embarking on an ambitious plan to install…

Amex adds 4K Walmart stores to Serve prepaid network

April 25, 2014

American Express this week announced that its full-service reloadable prepaid account, Serve, is now available through 4,100 Walmart stores nationwide. Serve…

Euronet, Walmart venture promises lower-cost money transfer

April 17, 2014

Walmart and Ria, the money transfer service owned by Euronet, have announced the Walmart-2-Walmart Money Transfer Service. Beginning April 24, customers will…

The ATM isn't dying, it's being transformed

'Kicked the bucket? Shuffled off the mortal coil? Joined the choir invisible?' Not the essential, adaptable ATM. 

ATMIA launches US Underbanked Forum

April 3, 2014

The ATM Industry Association has created a new U.S. Underbanked Forum whose goal is to foster the development and deployment of ATM solutions that respond to…

Debate: Is cash an impediment to the world economy?

“There needs to be a move beyond cash in order for the vast majority of the people in the world to become full working participants in, and beneficiaries of…

Are we exploiting the unbanked once they enter the system?

An ex-employee sued McDonald's claiming that its policy of paying unbanked employees' wages via prepaid  meant that her income was eaten up by card fees. A…

India working to turn ATMs, mobile phones into P2P payment system

February 12, 2014

The Reserve Bank of India wants to make it possible for anyone to send money to another party, regardless of whether that party has a bank account. All the…

T-Mobile offers low cost banking with prepaid Visa card

January 22, 2014

T-Mobile U.S. is offering a raft of cheap banking services with its new reloadable T-Mobile Visa prepaid card, issued by The Bancorp Bank.

'Intelligent-powered' ATMs take banking where it's never been

December 11, 2013

India has 600,000 villages, most of them rural, and only 12 percent of them banked. Further, the country has 400,000 citizens — also mostly rural and unbanked…

Prepaid Discover card can now be loaded at 60k Green Dot sites

October 2, 2013

Global Payout Inc. is now offering cash loading of their MoneyTrac Prepaid Discover Cards at 60,000 Green Dot retail locations nationwide. Cardholders of the…

Tata Comm to install 1K ATMs in underserved Karnataka State

August 9, 2013

Tata Communications Payment Solutions Ltd. has said it will install about 1,000 white-label Indicash-branded ATMs in the state of Karnataka in southwest India.

ANZ Bank connects with un-, underbanked via Fiserv Mobiliti Reach

August 1, 2013

Australia and New Zealand Banking Group ($642.12 billion in assets) has launched goMoney mobile banking and payments in several nations in the Pacific. Powered…

MoneyGram acquisition of Nexxo kiosks expands financial services

July 31, 2013

MoneyGram has agreed to acquire the money transfer kiosk business of Nexxo Financial — a deal that solidifies MoneyGram's position as the preferred money…

ATM distributor jumps into financial services kiosk business

July 19, 2013

Florida-based IAD Premier Payment Systems LLC has inked an exclusive distribution deal with financial services kiosk provider Payteller LLC. Premier, which has…

Unbanked a potential 'cash cow' for FIs, study finds

June 4, 2013

A recent report by GoBankingRates.com says that a low-income household earning $15,000 annually is worth about $74.78 to a bank — approximately $423.34 less…