Are ATMs The ‘Mini-Branch’ Of The Future?

PYMNTS

The ATM isn’t living up to its full potential, a fact that’s really starting to come into focus for financial institutions (FIs) under COVID-19. Using ATMs To Create Customer Value. How can we use ATMs to open accounts and issue cards?”. Using Advanced ATMs In Place Of Branches

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Payment Alliance adds crypto partner for bitcoin acceptance at ATMs

Payments Source

ATM technology provider Payment Alliance International is partnering with B4U Financial to enable users of any cryptocurrency wallets to redeem bitcoin for cash at the ATMs. ATMs Bitcoin

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Bitcoin ATMs Sprout in Georgia

Bank Innovation

Bitcoin ATM network Coinsource on Thursday installed 20 new bitcoin ATMs in the Peach State. The ATMs come as demand for the cryptocurrency in the region is on a rise, the company said. Cryptocurrency Exclusive ATM Bitcoin cryptocurrenciesOf the 20 machines, 18 are in Atlanta and the other two are in Athens. In a statement to Atlanta Business Chronicle, […].

Mastercard and Diebold Nixdorf Update the Cardless ATM

Bank Innovation

The cashless society we’ve been promised is still years away, and in the meantime, ATM innovation continues. A new venture between Mastercard and Diebold Nixdorf, a global ATM provider, sits at the intersection of mobile transactions and cash. Cards Exclusive Innovations Operations Retail ATM banking cardless ATMs Diebold Nixdorf Mastercard

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BITSTOP introduces bitcoin ATM

Mobile Payments Today

Andrew Barnard, Co-founder of BITSTOP demos the bitcoin ATM

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Banks farm out offsite ATM maintenance, cash replenishment

Mobile Payments Today

Banks are increasingly outsourcing more sophisticated and remote ATM maintenance to outside firms

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ATM & Mobile 101

Mobile Payments Today

This report provides guidance for ATM deployers considering the integration of their ATM and mobile channels

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Evolution of ATM acquiring software

ATM Marketplace

Traditional ATM Acquiring architecture needs an infrastructure upgrade to be able to remain relevant within the context of more digital channels and changing customer behaviors.

ATM industry looks to federal lifeline amid COVID-19

Mobile Payments Today

As relief and funding packages are being debated in Washington, the National ATM Council looks to how these new laws will affect business

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Meeting the growing demand for mobile debit, ATM funds access

Mobile Payments Today

As consumers shift to online banking, the ATM also has been impacted by the quest to go digital. Kamesh Tumsi, VP of product strategy at Fiserv card services, gives us the scoop on the digitizing of ATM transactions

ATM coating targets COVID-19 and other ‘nasty things’

Payments Source

Workplace safety and security ATMs Coronavirus NCRA new service from NCR aims to reduce surface transmission of the coronavirus through the application of an antimicrobial cleaning product that kills germs.

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ATM numbers shrink as cashless trend grows in major markets

Bank Innovation

As a growing number of consumers swap out cash for mobile or card payments, ATM numbers globally have begun to fall. based consultancy and research firm RBR reported today that the number of ATMs worldwide fell for the first time. It claims global ATM numbers fell by 1% in 2018 to 3.24 Commerce & POS Daily Post 2 Exclusive Payments Premium Retail Banking Aite Group ATM cash Celent Mobile banking RBR

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Credit Unions Embracing Biometric ATMs Post-COVID

PYMNTS

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? CUs are thus turning to a broad array of technologies — including ATMs — to extend end-to-end banking services, even as members seek to avoid brick-and-mortar branches.”. Elevate the ATM experience’. How can we make the ATM safer?

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As crypto's spotlight grows, a bitcoin ATM maker looks to pounce

Payments Source

ATMs Bitcoin CryptocurrenciesCryptocurrency is cooking with a fall rally and lots of attention from recognizable companies like Square and PayPal. For Daniel Polotsky, any good news for bitcoin is welcome.

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Keeping The AI On ATMs

PYMNTS

The ATM is a stalwart of the banking experience — always there, always on, always ready to dispense cash. Like any electro-mechanical device, an ATM can break down, go dark, maybe even fail permanently — as the fleet of machines out in the field, so to speak, gets older, the upkeep becomes ever more pressing. It might be said that when it comes to ATMs, variability is the one constant. In that case, Johnstun said, the ATM goes through a clearing action and recovers. “In

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ATMs in 2021: Change is on the horizon

ATM Marketplace

What changes can a new year bring to the ATM industry? Mark Aldred, head of international sales for Auriga shares his thoughts on the future of ATMs What things should we, as an industry, keep in mind, change or transform?

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Worldwide ATM Installations Declined In 2018

PYMNTS

The number of ATMs installed during 2018 declined by 1 percent on a worldwide basis, found RBR, the research firm. In a press release , RBR said the number of ATMs stood at 3.24 In RBR’s new Global ATM Market and Forecasts to 2024 report, it found the number of ATMs declined in four of the five largest markets last year. More than half of the ATMs are in China, USA, Japan and Brazil, which all saw a decline in machines installed.

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ATM manufacturer Diebold Nixdorf adds branch-like capabilities

Bank Innovation

Against the tide of dropping ATM numbers globally as customer use cash less often, Diebold Nixdorf is adding capabilities to its ATM machines to encourage adoption. IoT & Wearables Premium Retail Banking ATMs BNP Paribas Diebold Nixdorf Federal ReserveThe goal is to provide customers with a comprehensive service offering including deposits, bill payments, the ability to interact with mobile devices and other tasks customers would go to […].

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How the major ATM makers changed during the pandemic

Payments Source

Several months after the pandemic took hold, Diebold Nixdorf and NCR have adopted an ATM recovery strategy that stresses contactless access as well as innovations that are similar to other industries that traditionally rely on kiosks. Mobile payments ATMs Coronavirus NCR Cash Diebold Nixdorf

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FSS ATM Deployment Services

Mobile Payments Today

To maximize transactions and improve bottom line for the ATM network, it is critical that ATMs are deployed in strategic locations

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ATMs Are Ahead Of Their Time — Again

PYMNTS

The automated teller machine (ATM) debuted 51 years ago in the U.S., And while some imagined there’d be banks on Mars by 2020, few guessed that dull ATMs would one day reinvent retail banking. ATMs have come full circle — starting life as the best tech innovation the public had ever seen (from banks), then becoming utterly routine, and to the present day — when ATMs are suddenly sexy again. A convergence of factors is at the root of the ATM makeover now underway.

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Chase Is Tiptoeing into Cardless ATMs as Banks Look to Defend 50-Year-Old Workhorse

Bank Innovation

Chase Bank is tiptoeing into the world of cardless ATMs for consumers — catching up to the likes of Bank of America and Wells Fargo. The ATM has been a workhorse for the financial industry but as it crosses its 50th birthday, the ATM is facing competition from mobile phones and cashless transactions at the register. […]. Cards Exclusive Mobile Operations Technology ATMs BofA Chase PINs

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How biometric ATMs are entering mainstream use

Payments Source

Until recently, biometric ATMs were very hard to find in developed markets other than Brazil, India and Japan. Biometrics ATMs Blockchain Spain U.S.

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Bitcoin ATMs are an oasis in financial deserts

Payments Source

Digital payments ATMs BitcoinCrypto provides a new tool for underbanked consumers, says DigitalMint's Marc Grens.

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The role of ATMs and cash access in the digital banking era

Mobile Payments Today

Amid rapid changes in the cash economy and the rise in digital payments, the ATM is likewise facing challenges that have led to an evolution that will meet the demands of a new generation of customers

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ATM Killer Spare Releases v. 3.0 of App

Bank Innovation

The mobile payments app Spare wants to kill the ATM. More specifically, Spare wants to give customers access to cash from merchants for less than the cost of an ATM fee, and more security. Commerce Mobile Payments Security Startups Technology ATM Mobile Payments SpareTo use Spare, customers open their Spare app and locate a nearby merchant with cash on Read More.

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ATMs Are Moving ‘Up the Stack’ in Branches of the Future

Bank Innovation

Automated teller machines — ATMs — have been around for decades now. Currently, there are 425,000 active ATMs in the U.S. Corporate Exclusive Features Operations Amazon Go ATMs Diebold Nixdorf td bankThey have done a great job reducing lines in branches, by taking over routine over-the-counter transactions, such as cash withdrawals or check deposits. But, as we hear a lot lately, cash (and checks) are […].

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Do Grocery Stores Need Bitcoin ATMs?

PYMNTS

In a new PYMNTS interview, Neil Bergquist, CEO of bitcoin ATM provider Coinme , spoke about how his company is part of the launch of bitcoin payments via Coinstar kiosks, those change-handling machines often located near ATMs, customer service desks or front entrances at grocery stores. That matters because he knows of bitcoin enthusiasts who have driven up to two hours to find a bitcoin-enabled ATM. Who Uses Bitcoin ATMs, Anyway?

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Old ATM Gets Big Upgrade As NCR Unveils ‘NextGen’ Cash Machine

PYMNTS

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. The Atlanta-based company noted in a press release that its Activate Enterprise NextGen ATM platform is designed to make it “easier and faster to offer new digital services through the ATM.”.

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Top Australian Banks Kill ATM Fees

Bank Innovation

Four major Australian banks have dropped fees for cash withdrawals at their domestic ATMs, in a move that could save Australian ATM users millions annually. Exclusive Payments Retail ATMs Australian fintech banking fees Financial RegulationThe Commonwealth Bank of Australia, Westpac Banking Corporation, and the National Australia Bank Ltd all immediately removed their fees from their machines this past Sunday, while a fourth bank, the […].

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Cash, payments and the future of ATMs — your 2020 spoiler alert

Mobile Payments Today

What does this mean for the future of cash and ATMs? ATM historian Bernardo Batiz-Lazo explores the topic in his latest blog post According to some economists, we've been experiencing an extended period of slow growth since the 1970s.

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To Counter ATM Fraud, Banks Need to Deal with Technology Debt

Bank Innovation

EXCLUSIVE— While banks are making strides to improve their cybersecurity, it might be time to give the security on their physical devices, such as ATMs, an upgrade too. This comes after a rush of physical ATM fraud—most of what is known as ‘jackpotting,’ a decades-old maneuver where criminals manipulate an ATM to funnel out all […]. Exclusive Online Security ACI Worldwide ATM fraud cashless cybersecurity fraud jackpotting Mobile banking

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The ABCs Of ATM Fraud

PYMNTS

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. News earlier this month that compromises at ATMs (read: fraud) were at the highest levels in 2015 than had been seen in years (according to FICO) brings back some concerns over how strong security is, or isn’t, at the point of cash dispensing. Remember those skimmers?

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FSS ATM Monitoring Services

Mobile Payments Today

ATMs are critical self-service channels and it is imperative for banks to effectively monitor and manage these assets to ensure business continuity

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FSS ATM Services

Mobile Payments Today

Banks are increasingly seeking to scale up their ATM network to extend reach to drive more business value and gain competitive advantage

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