Royal Bank of Scotland to restrict customers' access to ATMs

August 17, 2011

Totally Money reports that the taxpayer-owned Royal Bank of Scotland has announced it will stop its basic account holder customers from being able to use rival…

NCR launching self-service bill pay kiosk hardware in MEA

August 10, 2011

NCR Corp. yesterday announced it is launching the NCR SelfServ Bill Pay Kiosk hardware, software and managed services payment solution with SIM card dispensing…

Managing personal finances with expedited payments and prepaid debit cards

by Behshad Hastibakhsh — Director of Marketing, TIO Networks Corp

At the best of times, cash flow management is a major challenge for the estimated 25.6 percent of U.S. households that comprise the unbanked and underbanked…

Ericsson Money Services adds Philippines to its network

July 14, 2011

Ericsson Money Services is expanding. The peer-to-peer mobile payment network was originally launched in June by Swedish telecom services provider Ericsson and…

Wincor Nixdorf receives order for 600 ATMS for placement in Nigeria, tests cash recycling systems

July 13, 2011

Wincor Nixdorf announced its plans to continue support for the expansion of retail banking in Nigeria with self-service technology for cash process automation…

NCR developing ATM specifically designed for illiterate populations

July 10, 2011

According to Scientific American, NCR Corp. is developing a new type of freestanding ATM for underbanked and developing regions, specifically targeting the…

IFC to invest $2 million in India-based ATM manufacturer Vortex

July 6, 2011

VC Circle reports that International Finance Corporation plans to invest up to $2 million in Chennai, India-based Vortex Engineering Pvt. Ltd for a minority…

South African bank expands mobile payment service to small businesses

July 5, 2011

Absa, South Africa’s largest consumer bank, announced it is expanding its CashSend mobile payment product to meet the needs of small business customers…

Lakshmi Vilas Bank offers Visa Debit Gold Card to premier customers

July 4, 2011

Lakshmi Vilas Bank in India announced Friday its Visa Debit Gold Card offering for its premier customers. The card has a transaction limit of Rs 50,000 at the…

Report reveals findings of customers' attitudes toward prepaid debit cards

June 29, 2011

A new report from Aite Group, an independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial…

Bank Windhoek extends agreement with ATM Solutions Namibia

June 29, 2011

Bank Windhoek, a leading bank in Namibia, Africa has extended its initial five-year ATM sponsoring agreement with ATM Solutions Namibia Ltd. for an additional…

Mobile operators in emerging markets look to expand banking services, reach

June 28, 2011

From the GSMA Mobile Money Summit 2011, held in Singapore June 27-30, Mobile Business Briefing reports that mobile operators in Afghanistan, Pakistan and the…

Allpoint signs deal with Intuit

Both cards are designed to appeal to consumers who don't have checking or bank accounts, and Intuit's goal is to make them long-term customers.

Indian ATM market comes of age

by Dominic Hirsch — manager, Retail Banking Research

In July 2003 I wrote an article entitled “Is the current focus on the Indian ATM market justified?”. At the time I felt that far too many people were pinning…

TIO Networks posts third-quarter loss

TIO Networks Corp. has reported a lower third-quarter net loss on higher revenues for the three-month period ending April 30, but a TIO executive predicts the…

New report says prepaid card use should rebound in 2010

March 30, 2010

A new report from Javelin Strategy & Research finds that while the economic recession hit the U.S. prepaid card business hard in 2009, the positive…

CFSI roundtable welcomes Sears; sets plans during meeting in Chicago

March 9, 2010

The Center for Financial Services Innovation kicks off the first 2010 Innovators Roundtable on March 10, with a new participating company at the table and an…

Prepaid cards may boost Visa, MasterCard profit

March 2, 2010

The Associated Press reports that William Blair & Co. analyst David Long raised his profit estimates for Visa Inc. and MasterCard for 2010 and 2011 because…

Banks in India roll out biometric ATMs for rural, unbanked areas

February 21, 2010

India-based mydigitalfc.com reports that the Reserve Bank of India has announced plans to roll out new guidelines on the business correspondent model that…

Fundamo, mChek certified in Western Union Mobile Vendor program

February 21, 2010

The Western Union Company has certified India-based mChek and South Africa-based Fundamo in its Mobile Vendor program.   According to a news release from…