PYMNTS

OCTOBER 30, 2020

Card-skimming devices hidden on gas station card readers or carefully integrated into ATMs used to be especially troubling for merchants and consumers, but retailers and financial institutions (FIs) have stepped up their measures to protect physical card readers in recent years. Safeguarding Card Details.

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PYMNTS

NOVEMBER 22, 2018

News came this week that as many as half of the ATMs that dot the country’s landscape may be shuttered by March of 2019. The estimate is courtesy of the Confederation of ATM Industry (CATMi), which focuses on the domestic ATM industry. million ATMs across India, per data from the Reserve Bank of India (RBI).

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PYMNTS

APRIL 11, 2019

Coinbase , the cryptocurrency exchange operator, announced Wednesday (April 10) the launch of the Coinbase Card in the U.K., which is a Visa debit card that lets customers in the U.K. Customers are able to use the card in millions of places around the world. card issuance fee for the first 1,000 people to join the waitlist.

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PYMNTS

MARCH 4, 2019

The deployment in South Africa of what some observers are calling ATMs for medicine. Officially, the ATM-like machines are called Pharmacy Dispensing Units. To use such a machine, a patient must secure a prescription from a doctor, and then scan at the machine a barcode or pharmacy card, according to the report. Machine Use.

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PYMNTS

OCTOBER 28, 2020

Cryptocurrency fans in the United States will soon have their own debit card for holiday shopping. consumers interested in applying for its new Coinbase Card, a Visa debit card that enables users to use their Bitcoin or other crypto holdings to shop online and in stores, in addition to converting their cryptocurrencies to cash at the ATM.

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PYMNTS

JUNE 1, 2020

When the very first one appeared at a Barclays branch in London back in 1967, who could have imagined that the clever Automated Teller Machine (ATM) would emerge decades later as a hero of the great COVID-19 pandemic of 2020? Elevate the ATM experience’. What were your members not able to accomplish with your ATMs?

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Chris Skinner

MAY 30, 2017

In order to load funds to your account, you need to buy a scratch card from an agent or at a telco branch (agents are people, whom you can find near almost any bus stop or shopping centre). Furthermore you can also withdraw money from these agents, so basically they are the “ATMs” of Africa. ATM of Rwanda”: Tigo Cash agent.

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Bank Innovation

MARCH 27, 2017

What if, instead of cards, consumers just had to put in a code—and then another code—to get access to their money at the ATM? Wells Fargo announced today that its customers now have full access to about 13,000 card-free ATMs, installed across the United States.

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PYMNTS

AUGUST 21, 2020

This popularity is not expected to decline once the virus wanes, with the number of online and mobile banking users expected to hit at least 3.6 ATM usage has been severely affected by the pandemic, as such machines require touching keypads, screens and card readers. billion by 2024.

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PYMNTS

JANUARY 11, 2021

Capital One has signed on to join Fiserv ’s surcharge-free MoneyPass ATM network. Under the deal , MoneyPass will be made available at over 1,500 Capital One ATMs at Capital One branches, Capital One Cafés and other select locations. While ATMs are highly popular with customers, ATM fees are not.

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PYMNTS

OCTOBER 6, 2020

Dimon’s comments come at a time of aggressive growth and gains by numerous digitally native startups that have modernized and streamlined online banking and payments for the masses. unveiled its next generation of operating software for ATMs, designed to integrate the now decades-old cash-dispensing machines into the digital age.

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PYMNTS

MAY 28, 2020

The Internal Revenue Service ( IRS ) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. Many people have done that, thinking the cards are junk mail and discarding them, according to MarketWatch. On Twitter, numerous people have shed light on the issue.

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PYMNTS

JULY 14, 2020

Wells Fargo reported Tuesday (July 14) that its teller and ATM transactions plunged 28 percent in the second quarter amid COVID-related temporary branch closures and the continued transition to digital. Supplemental materials from the company also showed that general purpose credit card volumes fell 22 percent to $15.8 percent to $894.1

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PYMNTS

NOVEMBER 8, 2017

Since smartphones haven’t learned how to print paper money, people still must turn to ATMs for that. In fact, the number of ATMs in the U.S. Providing customers with an ATM experience that is both useful and simple is anything but simple on the bank’s end. The ATM Opportunity. The ATM Challenge.

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PYMNTS

AUGUST 10, 2018

To help drive customers to its online ordering system, McDonald’s is rolling out a free food “for life” promotion. The winner will score a McGold Card that gives two free meals a week over a 50-year period, USA Today reported. During lunch hours, the Big Mac ATM was to dispense two new sizes of burger — the Mac Jr.

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PYMNTS

JUNE 25, 2019

Bank of America (BofA) announced on Tuesday (June 25) that it’s launching a digital debit card, according to a release by the company. This digital debit card has the same protections and benefits of a physical debit card and is immediately available to use in the mobile app.

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PYMNTS

APRIL 18, 2019

Now, an unsealed indictment shows how the Manhattan DA’s office was able to take down the vendor after receiving a tip in 2017 about suspicious ATM withdrawals. ” The three men allegedly used a system to streamline their revenue as well, funding prepaid debit cards with bitcoin and withdrawing it as cash.

ATM 100

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PYMNTS

OCTOBER 9, 2019

bank NatWest has started a three-month trial of a biometric credit card that will use a fingerprint in lieu of a PIN. If the purchase is more than £100, then the card needs to be put into a terminal with the fingerprint as additional verification. . If a customer is at an ATM, then a PIN will still need to be entered.

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Cards ATM Security Innovation 132

PYMNTS

NOVEMBER 30, 2020

State mandates have also forced some businesses to close or limit on-premises operations, prompting such merchants to connect with consumers online instead. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.

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PYMNTS

DECEMBER 2, 2020

“Consumers are increasingly concerned about protecting their payment details from fraud when shopping online,” according to PYMNTS’ November 2020 Next-Gen Debit Tracker ® done in collaboration with PULSE , a Discover company. Virtual cards are expected to facilitate $1.6 Merchants Align Behind V-Cards.

Cards 150

Cards Security Fraud Online 150

PYMNTS

JANUARY 8, 2020

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. From there, they used the information to steal customers’ money from their accounts.

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PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act. Security challenges are mounting, too.

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PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

Cards 189

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PYMNTS

JANUARY 11, 2021

That network, in combination with Equifax, will use advanced technologies to connect data “signals” that stem from 32 billion online interactions, five billion annual transactions and 17 billion unique devices across the globe, as the company said in its announcement tied to the acquisition. The deal is anticipated to close in Q1 of 2021.

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PYMNTS

MAY 28, 2020

The Internal Revenue Service ( IRS ) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. Many people have done that, thinking the cards are junk mail and discarding them, according to MarketWatch. On Twitter, numerous people have shed light on the issue.

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PYMNTS

FEBRUARY 3, 2020

Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.

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PYMNTS

JULY 23, 2020

European FinTech payments company myPOS , which works in offering affordable payments to small- to medium-sized businesses (SMBs), has new credit cards that it says will help SMBs in Europe access new benefits, according to a press release. Since its launch in 2014, myPOS has offered the cards for free whenever someone opens an account.

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Cards ATM Payments Fintech 140

PYMNTS

JULY 18, 2016

It could be getting a whole lot easier to get cash out of ATMs, as FIS and ATM provider Payment Alliance International recently announced plans to bring Touch ID access to 70,000 ATMs across the U.S., It will even allow ATM customers to verify themselves with Touch ID to confirm the withdrawal and take out their cash.

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PYMNTS

FEBRUARY 28, 2020

We continue to see steady growth in mobile banking, online banking, enhanced ATMs, remote deposit capture, etc., Conrad also said the bank is working to make sure all of its customers have access to online banking. Our customers are increasingly engaging with us digitally,” said Capital One spokesman Derek Conrad. “We

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PYMNTS

JUNE 5, 2019

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. To get a sense of how the world of payments and cards has changed, Cregan told Webster a story about a conference he attended in Las Vegas in 2009. Take payroll cards.

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PYMNTS

AUGUST 7, 2020

To remedy the problem, the Reserve Bank of India supports an option for offline payments through cards, wallets and mobile devices. To address grievances, the central bank will require payment system operators to introduce an online dispute resolution center. In addition, as the number of digital transactions rises, so do disputes.

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PYMNTS

JANUARY 22, 2020

billion chip-enabled consumer cards — credit and debit — are now in use across the world, according to EMVCo , the industry standard organization. Globally, more than 75 percent of all cards are now enabled with EMV chip technology. More than 8.2 The scanner then analyzes the individual consumer’s unique fingerprint.

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Cards Fraud Payments ATM 131

PYMNTS

JULY 8, 2020

That includes paying for everything from clothes to restaurant deliveries through online and card-not-present transactions. As a result, Anderson said, “a lot of people thought it was wise to go to the ATM and put a run on cash and have it on hand, just in case.”. Asia Pacific and Brazil, compared to pre-COVID volumes.

ATM 214

ATM Regional Mobile Payments 214

PYMNTS

JUNE 28, 2017

The space changed when Barclays Bank announced the launch of the world’s first ATM machine which could dispense up to ten £1 pound notes in exchange for a bank-issued voucher. Fast track to today and the United Kingdom is home to more than 70,000 ATM machines used by 94 percent of the adult population. That was 50 years ago.

ATM 100

ATM Cards Payments Marketing 100

PYMNTS

NOVEMBER 20, 2019

Online sales during the season are expected to soar, with recent estimates projecting gains of 14 percent over last year to $143 billion. Where brick-and-mortar had once been their hunting ground, card-not-present transactions are increasingly in the crosshairs. The malicious script was found at 17 merchants.

Online 142

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Abrigo

APRIL 2, 2020

Other scams include Medicare/Medicaid fraud using online advertisements for durable medical equipment, or routine products and services that they would normally receive from their physicians but are afraid to go in for an office visit due to the health risk. Ignore online offers for vaccinations.

Fraud 335

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PYMNTS

JULY 15, 2019

Card delinquencies have remained steady at Bank of America , which reported June credit card delinquencies of 1.56 According to news earlier in the month, large credit card issuers in the United States reported lower delinquencies in May. The figure registered at the same rate as the prior month, SeekingAlpha reported.

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