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.

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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.

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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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Half Of Indian ATMs Could Close In Early 2019

PYMNTS

ATM machine companies in India are warning that they will have to shutter as many as half of India’s cash machines because of new regulations, reported the Financial Times. With the new rules, he said there will be no option but to shut down those barely profitable ATMs.

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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 cryptocurrencies

Is India’s ATM Disappearing Act A Digital Payments Boon?

PYMNTS

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. In India, get ready for new lines.

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What ATMs And Open Source Have To Do With Payments Innovation

PYMNTS

By way of example, Feldmann mentioned cloud-based initiatives that include mobile-enabled ATMs , where authentication takes place before the user even gets to the machine itself, and speeds up transactions (while, of course, reducing the steps needed to get cash in hand).

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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. Cards Exclusive Mobile Operations Technology ATMs BofA Chase PINs

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UK Cash Points Close Ahead Of ATM Interchange Fee Drop

PYMNTS

Ahead of a planned reduction in interchange fees, which card issuers pay for cash withdrawals at ATMs in the U.K., circulated data indicating a similar trend: The consumer group showed that nearly 300 ATMs had shuttered each month from December to April. Those figures mark a significant departure from earlier trends in closures, when 50 ATMs were closing each month. But LINK said that during a December to April period, “the number of free-to-use ATMs actually increased.”.

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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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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 Regulation

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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 bank

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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 Spare

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Anti-Fraud ATM Blocks Mobile Phone Scams

PYMNTS

Hitachi is teaming up with a regional bank in Japan to introduce anti-fraud ATMs. The machines are designed to stop users from being conned into transferring money from their bank accounts at an ATM by preventing transactions from completing if it detects the person is using a mobile phone, Bloomberg reported. Joyo Bank, a regional lender located north of Tokyo, will begin operating the new anti-fraud ATMs early next year.

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ATM Debit Card Fraud Hit 10 Percent In 2017

PYMNTS

ATMs and merchants in 2017. “While most devices are safe, fraudsters are developing new technology and methods for hacking ATMs. The data – which is taken from the FICO Card Alert Service that monitors hundreds of thousands of ATMs and other readers in the U.S. ATMs, restaurants and merchants went up 8 percent in 2017. ATM hacks have proven to be a real concern for consumers and financial institutions.

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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. Exclusive Online Security ACI Worldwide ATM fraud cashless cybersecurity fraud jackpotting Mobile banking

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ATMs For Medicine? That’s One Way Pharmacies Are Going Digital

PYMNTS

The deployment in South Africa of what some observers are calling ATMs for medicine. Officially, the ATM-like machines are called Pharmacy Dispensing Units. Healthcare ATM Editors' Picks mobile money News Online Pharmacy Pharmacy south africa

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Spanish ATM Survey Highlights High Demand for ATMs | Cash | Convenience | ATM | Trends

Mobile Payments Today

Despite contactless and biometric payments being on the rise, a recent survey of Spanish adults commissioned by Transaction Network Services has highlighted the strong demand for ATMs for immediate access to cash. Download your copy of this infographic to learn more

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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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How modern access management can unlock major ATM savings

ATM Marketplace

"Just not good enough," is how ATM deployers and service providers described current ATM lock systems in a study conducted last year by TMD Security.

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ATM physical attacks: Why armor isn't enough

ATM Marketplace

One approach to the problem of ATM physical attacks has been to harden the machine. According to Spinnaker, the best way to stop physical attacks on ATMs is simply to make the cash in them not worth the having

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ATM Marketplace: April Top 5

ATM Marketplace

The migration to Windows 10 continues to rank as a hot topic for ATM deployers, and was our No. 1 story in the month of April. Security, maintenance and the continued debate about the pros and cons of a cashless society also made the top five

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Bitcoin Daily: Bank Of America Mulls Blockchain ATMs; India Eyes Cryptocurrency Legalization

PYMNTS

In other news, Bank Of America may be looking into using blockchain technology for automated teller machines (ATMs), CoinDesk reported. The government of India is reportedly considering the legalization of digital currencies, with some restrictions, per CoinDesk.

UK Retailers Could Receive Refunds In ATM Business Rate Case

PYMNTS

s Court of Appeal ruled on Friday (November 9) that automated teller machines (ATMs) should not be separately assessed when it comes to business rates. Retail ATMs Court of Appeal Gerald Eve Jerry Schurder News

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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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Windows 10 ATM migration: The breaking point for banks?

ATM Marketplace

Faced with another Windows OS migration, financial institutions are seeking relief from what seems like perpetual ATM upgrade expense and pathetically short product life cycles. And disgruntled Windows ATM owners are discovering that they really do have options

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In Asia Pacific, Cash Usage Swell With Growth of ATMs

PYMNTS

The region is now home to more than half of ATMs worldwide, which is helping drive use of cash, according to RBR’s latest forecast. Just between 2015 and 2017, the number of ATMs in the Asia-Pacific region increased from 1.55

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ATM Withdrawals Lead To Online Drug Ring Bust

PYMNTS

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 defendants took out more than $1 million (in $700 increments) from ATMs for more than two years.

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Bank of the West Adds ATMs for Young Customers on the Move

Bank Innovation

Bank of the West recently added 143 ATMs across the Denver and Sacramento metro areas through an agreement with ATM operator Cardtronics. One target? Millennials, actually.

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Card Use Grows Fast as Check Payments, ATM Withdrawals Continue Decline

Bank Innovation

The Federal Reserve’s triennial report on payments released last week shows accelerated electronic payments growth, as well as signs that fewer people are paying by check or withdrawing cash from ATMs.

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The Role Of ATMs In Bank Omnichannel Strategy

PYMNTS

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. Yet because of customers’ attachment to the smartphone and all it can do, their expectations for the ATM experience are much higher than they once were — and keeping up can quickly grow more complicated and expensive than banks would like. The ATM Opportunity. The ATM Challenge.

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Bitcoin Daily: UnionBank Launches Bitcoin ATM; Coinbase Invests In Disappearing Blockchain Startup

PYMNTS

People who want to use UnionBank of the Philippines ‘s (UBP’s) new bitcoin ATM will need to have an account with the bank. According to The Next Web , UBP, the seventh-largest bank in the Philippines, launched its first cryptocurrency ATM this week.

Malware Tricks ATMs Into Skimming

PYMNTS

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. As part of its investigation, Kaspersky Lab found a new version of the malware on a bank’s ATM that had been planted by hackers.

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Ventus Branch ATM Network Isolation

ATM Marketplace

Isolating the in-branch ATM network from the branch network ensures customer access to services should branch network go down

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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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BITSTOP introduces Bitcoin ATM

ATM Marketplace

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

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A taller ladder: Secrets to thwarting ATM attacks

ATM Marketplace

As the ATM industry focuses on mitigating risks against black box and malware-based cyberattacks, criminals have reverted back to more low-tech attack methods to access cash — the latest being transaction reversal fraud

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ATMs Are Spontaneously Vending Cash (Thanks, Hackers)

PYMNTS

Why make one’s life hard hacking consumer accounts — or taking up armed robbery — when one can get the best of both worlds by directly attacking the banks’ computers and getting ATMs to do things like start spewing cash for no apparent reason? Taiwan and Thailand saw such attacks earlier this year when cyber criminals programmed bank ATMs to spew cash. In Taiwan, Taipei city police got reports of currency lying on a First Commercial Bank ATM in the city’s Da’an Precinct.

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McDonald’s Big Mac ATM

PYMNTS

Kenmore Square, Boston will activate what it calls a “customized digital Big Mac ATM.” the Big Mac ATM will dispense two new sizes of burger — the Mac Jr. But what the Big Mac ATM does do is offer McDonald’s a clever, relatively inexpensive and multifaceted marketing tactic. Who knows if the Big Mac ATM is more than a publicity stunt to get people engaged? Vending Machines Big Mac ATM McDonald's Restaurant Tech Retail Unattended Retail

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YB ATM

ATM Marketplace

Built to increase the channel’s profitability, YB ATM is the only end-to-end ATM software solution available incorporating a versatile switch, rich dynamic client, powerful card management system with real time operational and business tools

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Repair Man Locked Inside ATM And Rescued

PYMNTS

Working in the ATM business can be dangerous. From potentially getting robbed when reloading the ATM with money to installing the heavy machine, it’s possible to sustain severe injuries. However, it’s being reported out of Corpus Christi, Texas, that a repair man accidentally locked himself inside an ATM he was working on. Banking ATM banking Corpus Christi News repair man Security Texas

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Cardless ATMs and Disappointing Mobile Wallet Adoption

Celent Banking

A recent article in Digital Transactions makes my point in its opening statement, “The introduction of cardless ATMs, which rely on a financial institution’s mobile wallet instead of a debit card to make an ATM withdrawal, could help further the adoption of mobile wallets and mobile payments.”

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