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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ATM Marketplace

APRIL 14, 2023

With crime rising nationwide, ATM operators need to be vigilant to protect their assets. At the same time, new Payment Card Industry standards require operators to update their payment equipment to prevent fraudulent transactions. These are just some of the issues confronting today's ATM industry.

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PYMNTS

OCTOBER 5, 2020

As the banking world goes increasingly digital, the clunky old ATM is getting a badly need reboot. 5) unveiled its next generation of operating software for ATMs, designed to integrate the now decades-old cash-dispensing machines into the digital age. on Monday (Oct.

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ATM Software Atlanta User Experience 158

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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PYMNTS

SEPTEMBER 10, 2019

ATM , as you likely know, is an acronym for automated teller machine. But, as is the case with so much in banking, technology can make the ATM a potent tool for customer engagement — boosting ROI, too — if financial institutions (FIs) leverage a holistic approach with the machines themselves, with a focus on self-service use cases.

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PYMNTS

OCTOBER 6, 2020

In today’s top news in digital-first banking, Bank of America has launched its Life Plan program, while United Airlines and Chase Card Services launched a United Gateway credit card. unveiled its new generation of automated teller machine (ATM) operating software. Plus, NCR Corp.

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PYMNTS

AUGUST 13, 2018

The Federal Bureau of Investigation (FBI) has issued a warning to banks that cybercriminals are gearing up to launch a choreographed global scam, known as the “ATM cashout,” in which the bad guys hack a bank or payment card processor to make cloned cards that they can use to withdraw money from ATMs around the globe.

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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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PYMNTS

AUGUST 21, 2020

Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials. ATM usage has been severely affected by the pandemic, as such machines require touching keypads, screens and card readers.

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Analytics Fraud ATM Report 266

PYMNTS

FEBRUARY 13, 2019

Prepaid debit cards are playing an important role. Eventually, the organization had to rely on prepaid debit cards, specifically for moving money from “New York to Colombia and Ecuador to buy more cocaine.” After the cards arrived in South America, the cartel hired workers to withdraw the money from ATMs.”. Too Much Cash.

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PYMNTS

MARCH 20, 2018

Fifth Third Bank has announced that its customers can now access the bank’s ATMs without having to use their debit cards. Instead, Fifth Third customers simply need to use the bank’s mobile app to access all of the ATM functions. However, the service is not available on the bank’s partner ATMs.

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ATM Cards Mobile Innovation 100

PYMNTS

APRIL 23, 2019

United Arab Emirates (UAE)-based First Abu Dhabi Bank is rolling out a payroll card solution for the market via its Mercury payment operator unit, reports in Verdict said on Monday (April 22). Mercury currently operates more than 140,000 POS terminals in the UAE, the announced noted. . ”

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Cards ATM System Operations 144

South State Correspondent

MARCH 3, 2025

Banks were now allowed to operate across state lines, increasing competition. Automated teller machines started to take hold, and the Electronic Funds Act of 1978 phased in a set of protocols that made ACH, point-of-sale systems, ATMs, electronic withdrawals, and debit card transactions more feasible.

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PYMNTS

JULY 19, 2019

Online payment system Jollypay has received a license to operate in the United Arab Emirates (UAE), and it’s one of the first foreign companies to do so, according to a release. . In other UAE-related news, the First Abu Dhabi Bank recently rolled out a payroll card solution for the market via its Mercury payment operator unit.

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Operations System ATM Cards 139

PYMNTS

OCTOBER 6, 2020

For example, Chime CEO Chris Britt recently said that unlike traditional banks that earn money off of fees and interest from loans, his company’s profits come mostly from card usage. 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

JUNE 30, 2017

FIS, the financial services technology, and Cardtronics, the ATM owner/operator, announced Thursday (June 29) plans to integrate FIS Cardless Cash access across Cardtronics’ ATM fleet in the United States. With the technology, consumers can access their funds and authorize how much to withdraw without needing a physical card.

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ATM Technology United States Security 117

PYMNTS

APRIL 2, 2020

The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.

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Cards Capital Tools Fintech 164

Gonzobanker

DECEMBER 1, 2022

Moving from a traditional CAPEX model to an “as-a-service” OPEX model could be the key to transforming banks’ ATM/ITM channel. ATMs have changed a bit in the last few years. With the increased usage of debit and credit cards, the rise of eCommerce, and the push for mobile payments, cash has undoubtedly been in decline.

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ATM Resources Management Capital 150

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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Payments Guidelines National System 267

PYMNTS

MAY 30, 2016

India’s vast ATM network is set to get a major facelift. The Reserve Bank of India has announced a timeline for the country’s vast ATM network, which constitutes close to 200,000 ATMs, to migrate from accepting mag stripe cards to accepting chip and PIN based cards. ” .

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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

JUNE 17, 2020

At least, that’s what commercial card technology players believe, with this week’s rundown of the latest initiatives in corporate card solutions placing a focus on returning business trip volume. Expensify Links Cards To Booking. Emirates Islamic Launches Cards For SMBs.

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Cards Management Report Tools 169

PYMNTS

MAY 19, 2016

ATM skimming just got taken to the next level. Kaspersky Lab announced new research regarding a hacker collective, known as the Skimer group, that uses malware to essentially make an ATM steal users’ money. Instead of putting skimmer devices on the ATM, this group makes the entire ATM a skimming device.

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PYMNTS

NOVEMBER 1, 2018

Lower ATM operating revenue in the U.K. and Australia helped depress Q3 earnings revenue for Cardtronics , the world’s largest owner of ATMs. ATM operating revenue, meanwhile, declined 15 percent year over year to $329.8 ATM operating revenue, meanwhile, declined 15 percent year over year to $329.8

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ATM Cards Operations Regional 155

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

Cards Google Tools Regulation 189

PYMNTS

MARCH 7, 2019

The Reserve Bank of India (RBI) made a move on Thursday (March 7) to relax the rules for white-label ATM operators, enabling them to purchase wholesale cash from the bank. These ATM providers are owned and operated by non-bank companies on behalf of the banks.

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ATM Operations Regional Regulation 108

PYMNTS

OCTOBER 24, 2016

The ones at the ATMs in the back of the convenience stores that covertly took down your account numbers and PINs? Because when it comes to ATMs, ATM operators have a lot more to worry about. Because when it comes to ATMs, ATM operators have a lot more to worry about. Remember those skimmers?

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ATM Fraud Operations System 100

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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Cards Security ATM Data 151

PYMNTS

FEBRUARY 6, 2019

InstaReM was then founded as a four-person operation in a single Singapore office. The firm is now licensed to operate in 35 countries, and able to digitally transfer funds to more than 50. What we see in rural markets is that people will then go to a bank ATM and withdraw that cash for their local spending,” Nanu said.

Cards 189

Cards Retail Payments Marketing 189

PYMNTS

JUNE 15, 2016

Nautilus Hyosung America (Hyosung) announced the availability of its new mobile application that’s designed to help merchants and ATM operators manage Hyosung ATMs directly from a mobile device. The MoniMobile app is aimed at revamping the full management capabilities of Hyosung ATMs. ”

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ATM Management Mobile Video 100

PYMNTS

MAY 4, 2017

“There’s an immediacy aspect of cash,” Bailey said, whether done at the teller in a branch or increasingly at the ATM. Cardtronics has recently struck partnerships with FIs for cardless cash services, and with attendant offerings such as ATM locators and fee alerts (for ATMs levying fees) via SMS.

ATM 192

ATM Millennials United States Study 192

PYMNTS

MARCH 8, 2019

And an initiative tied to a consortium of companies is looking to redefine how automated teller machine (ATM) applications are built and used. 579 million: The number of biometric cards that will be in use by 2023. million: The number of ATMs in the world that run on Windows operating systems.

ATM 189

ATM Regulation Fraud Data 189

PYMNTS

JULY 13, 2016

A group of masked robbers are suspected of using a computer program to hack into ATMs in Taiwan to steal more than $2 million. The thieves are believed to have targeted more than 30 ATMs belonging to Taipei-based First Commercial Bank, The Times Of India reported on Tuesday (July 12). From there, the ATM becomes a skimmer itself.

ATM 100

ATM Groups Cards Security 100

PYMNTS

JUNE 19, 2020

The operative model here is the platform, where a universal payment ID would ostensibly make sending money as easy as sending emails. The Open Payments Coalition has said the IDs would be operational across networks and would eschew common staples of payments such as credit cards and bank routing numbers.

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Payments Course ATM cryptocurrency 265

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release. “In

ATM 100

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PYMNTS

JANUARY 9, 2020

Edenred is acquiring Mint ’s payroll card portfolio to bolster its leadership in the United Arab Emirates (UAE), Edenred announced Thursday (Jan. The 600,000 people using Mint payroll cards will now be able to tap a full suite of new services with the C3 card and app. Edenred’s operations focused mainly on Dubai.

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PYMNTS

JANUARY 16, 2020

Metro authorities in India are planning to launch automatic fare collection (AFC) gates that will work with the country’s National Common Mobility Card (NCMC) that was introduced in March by the Ministry of Finance , according to reports on Thursday (Jan. Right now, the smart card lets commuters skip the lines to buy metro tickets.

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