INDUSTRY INSIGHTS YOUR PEERS ARE READING
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. banks offering card-free ATM access — and it is just the latest innovation from the financial institution. Fifth Third currently operates around 2,500 ATMs in its 10-state retail footprint, all of which will offer card-free access. MORE
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 MORE
A new report from research firm RBR revealed a strong demand for ATM services in developing markets, most notably in Asia-Pacific and the Middle East and Africa (MEA). According to the company’s latest global ATM research, 99 billion cash withdrawals took place globally in 2015, marking a 10 percent jump in ATM cash withdrawal volumes at the fastest rate since 2011. LINK said £12 billion was withdrawn from 70,000 of its ATMs. MORE
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 MORE
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. MORE
Central National Bank, located in Wichita, is trying to get back money it lost when an ATM gave a customer $100 bills instead of $5 bills. The bank contends Ochoa realized the ATM was working incorrectly and made more withdrawals to get more money mistakenly dispensed. Ochoa’s mother, Christy Ochoa, is listed in the complaint because she gave her daughter a ride to the ATM. “The Banking ATM Central National Bank Lawsuit security & fraud What's Hot MORE
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 MORE
Coinsource, America’s largest bitcoin ATM provider, just announced proudly that the company now has 55 ATM kiosks, after adding six new ones in California — four in Los Angeles and two in San Francisco. The average rate of a new bitcoin ATM? By the end of the year, Coinsource said it will have more than 60 bitcoin ATMs across the U.S. But maybe ATMs won’t indeed be the way that people access bitcoin. Is there a run on bitcoin? MORE
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.”. MORE
The NYPD is fighting back against ATM tampering with a device called the “Skim Reaper.”. According to CBS News in New York , the device can detect if an ATM or gas pump has been compromised. Now, after three years of study, cybersecurity expert Patrick Traynor and two Florida graduate students invented the “Skim Reaper,” a credit-card thin gadget that slides into card reader slots and can easily and quickly detect if an ATM or gas pump has been tampered with. MORE
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 MORE
ATMs have been around for decades, along with the challenges they pose for financial institutions – including security of a machine that can hold hundreds of thousands of dollars; the financial burden of operating a fleet of such complex machinery; and management of the suppliers, solutions and technologies that go into making an ATM tick. According to Galvin, exploring the purpose of the ATM in today’s financial services climate touches on a deeper issue at work. MORE
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 MORE
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 MORE
This report provides guidance for ATM deployers considering the integration of their ATM and mobile channels MORE
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? MORE
NBC celebrated the 50th anniversary of the ATM by declaring it obsolete — and likely to be out of existence by the time today’s preschoolers are starting college. The Literally Mobile ATM (Powered By BMW). But, Idea Bank reasoned — what if the customer didn’t have to go to the bank to use an ATM? What if the ATM came to them? Thus, the mobile app connecting businesses to the Idea Bank Mobile ATM was born. MORE
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. Security & Fraud ATM authentication cybercriminals Cybersecurity FBI FI Hackers News scam security & fraud What's Hot MORE
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. In a press release announcing the news, FIS said the FIS Cardless Cash, which leverages the FIS Mobile Banking app, enables banking customers to withdraw funds from ATMs without having to use a plastic card. MORE
12) it inked a long-term agreement with United Pacific, making it the exclusive provider of ATM services. The newly formed relationship calls for Cardtronics to own and operate ATMs at more than 300 gas station and convenience store locations — operating under the We Got It! Cardtronics also has expansion rights to provide ATM services for United Pacific in potential future locations. Cardtronics operates four ATMs on the ships, which total 25 as of now. MORE
JPMC has capped ATM withdrawals at $1,000 per day for those who are not accountholders with the bank. Generally speaking, withdrawal limits are not set at the ATM and are instead the purview of card-issuing organizations. Digital Banking ATM withdrawal limit JPMC What's Trending MORE
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 MORE
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. MORE
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. MORE
James Chappell, CTO and cofounder of Digital Shadows , joined this week’s Hacker Tracker to shed light on how the latest trend of ATM jackpotting is just the tip of the iceberg for cybercriminals looking to steal larger sums of money with bigger attacks. The end of 2016 saw a spike in ATM jackpotting attacks, which involved hackers using a computer malware to infect ATM machines and force them to distribute significant quantities of cash. MORE
ATMs are critical self-service channels and it is imperative for banks to effectively monitor and manage these assets to ensure business continuity MORE
It was exactly 50 years ago today that the world’s first ATM was unveiled at a Barclays branch in Enfield, London. Today, more than half of UK adults use an ATM at least once a week. All did not go entirely to plan with the first ATMs. MORE
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 MORE
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 MORE
In an effort to help credit unions provide digital-first services to consumers, CO-OP Financial Services announced news on Thursday (April 12) that it is launching enhancements to its ATM Terminal Driving solution, including new personalization capabilities and upgraded hardware and software support. CO-OP Financial Services said it’s meeting that demand with more options for credit unions to configure preferences at the ATM. MORE
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. The mag stripe ATMs, the bank said , made them vulnerable to breaches. New ATMs, the bank said, shall necessarily be enabled for EMV Chip and PIN processing from inception. MORE
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. MORE
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. MORE
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. MORE
Fiserv , a financial services provider, has announced a partnership with FCTI , an ATM network company, to provide processing for about 8,000 ATMs at 7-Eleven stores across the nation and will also custom fit its self-service tool so that FCTI can do self-terminal setups. Next year, the ATM will celebrate its 50th anniversary,” Jayne Berthelsen, senior vice president of product and market development for card services at Fiserv, said in a statement. MORE
Getting cash out of an ATM can sometimes be a pain when people are not near one that’s associated with their bank. Surcharge fees can pile up and sometimes dissuade people from using ATMs. The company’s locations in the Northeast, Mid-Atlantic and Midwest will soon have surcharge-free ATMs installed. Currently, Allpoint’s ATMs are available at 3,000 Rite Aid stores across the United States. MORE
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 MORE
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. MORE
Through its wholly owned subsidiary, Allpoint Network, Cardtronics is growing its global ATM footprint. Allpoint Network , a surcharge-free ATM network with 43,000 ATMs in the United States, announced the latest bank to join its ATM channel — First Tennessee Bank. The move will also add more than 570 surcharge-free ATMs to the bank’s existing network in Tennessee. Cash ATM Cardtronics What's Trending MORE
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 MORE
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). “It is still not clear how the suspects stole such a large amount of money from the ATMs. Instead of putting skimmer devices on the ATM, this group makes the entire ATM a skimming device. MORE
According to news from CNBC , JPMorgan Chase , the largest bank in Houston with more than 200 branches in the area, will automatically waive or refund ATM fees on deposit accounts through September 10, 2017, for customers in the greater metropolitan area. Dallas-based bank Comerica said all its branches in the greater Houston area are closed, and that it is “waiving ATM fees for our customers who might need to use other ATMs and non-customers who use our ATMs. MORE
ATM Related Topics PYMNTS
NOVEMBER 12, 2018
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
Mobile Payments Today
NOVEMBER 14, 2018
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
PYMNTS
JUNE 29, 2018
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.”.
PYMNTS
MARCH 6, 2018
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.
Bank Innovation
JUNE 5, 2018
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.
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. 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?
PYMNTS
NOVEMBER 1, 2016
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.
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. 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.
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. Security & Fraud ATM authentication cybercriminals Cybersecurity FBI FI Hackers News scam security & fraud What's Hot
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. 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.
PYMNTS
NOVEMBER 21, 2016
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.
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. banks offering card-free ATM access — and it is just the latest innovation from the financial institution. Fifth Third currently operates around 2,500 ATMs in its 10-state retail footprint, all of which will offer card-free access.
Mobile Payments Today
NOVEMBER 7, 2016
This report provides guidance for ATM deployers considering the integration of their ATM and mobile channels
PYMNTS
JANUARY 31, 2017
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
PYMNTS
JULY 13, 2017
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
Bank Innovation
DECEMBER 1, 2017
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
PYMNTS
SEPTEMBER 14, 2016
Through its wholly owned subsidiary, Allpoint Network, Cardtronics is growing its global ATM footprint. Allpoint Network , a surcharge-free ATM network with 43,000 ATMs in the United States, announced the latest bank to join its ATM channel — First Tennessee Bank. The move will also add more than 570 surcharge-free ATMs to the bank’s existing network in Tennessee. Cash ATM Cardtronics What's Trending
PYMNTS
JANUARY 13, 2017
James Chappell, CTO and cofounder of Digital Shadows , joined this week’s Hacker Tracker to shed light on how the latest trend of ATM jackpotting is just the tip of the iceberg for cybercriminals looking to steal larger sums of money with bigger attacks. The end of 2016 saw a spike in ATM jackpotting attacks, which involved hackers using a computer malware to infect ATM machines and force them to distribute significant quantities of cash.
Mobile Payments Today
OCTOBER 10, 2017
To maximize transactions and improve bottom line for the ATM network, it is critical that ATMs are deployed in strategic locations
PYMNTS
FEBRUARY 6, 2017
A new report from research firm RBR revealed a strong demand for ATM services in developing markets, most notably in Asia-Pacific and the Middle East and Africa (MEA). According to the company’s latest global ATM research, 99 billion cash withdrawals took place globally in 2015, marking a 10 percent jump in ATM cash withdrawal volumes at the fastest rate since 2011. LINK said £12 billion was withdrawn from 70,000 of its ATMs.
PYMNTS
MAY 11, 2018
The NYPD is fighting back against ATM tampering with a device called the “Skim Reaper.”. According to CBS News in New York , the device can detect if an ATM or gas pump has been compromised. Now, after three years of study, cybersecurity expert Patrick Traynor and two Florida graduate students invented the “Skim Reaper,” a credit-card thin gadget that slides into card reader slots and can easily and quickly detect if an ATM or gas pump has been tampered with.
Bank Innovation
OCTOBER 26, 2018
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.
PYMNTS
APRIL 5, 2016
JPMC has capped ATM withdrawals at $1,000 per day for those who are not accountholders with the bank. Generally speaking, withdrawal limits are not set at the ATM and are instead the purview of card-issuing organizations. Digital Banking ATM withdrawal limit JPMC What's Trending
PYMNTS
OCTOBER 20, 2017
ATMs have been around for decades, along with the challenges they pose for financial institutions – including security of a machine that can hold hundreds of thousands of dollars; the financial burden of operating a fleet of such complex machinery; and management of the suppliers, solutions and technologies that go into making an ATM tick. According to Galvin, exploring the purpose of the ATM in today’s financial services climate touches on a deeper issue at work.
PYMNTS
AUGUST 29, 2017
According to news from CNBC , JPMorgan Chase , the largest bank in Houston with more than 200 branches in the area, will automatically waive or refund ATM fees on deposit accounts through September 10, 2017, for customers in the greater metropolitan area. Dallas-based bank Comerica said all its branches in the greater Houston area are closed, and that it is “waiving ATM fees for our customers who might need to use other ATMs and non-customers who use our ATMs.
PYMNTS
APRIL 12, 2018
In an effort to help credit unions provide digital-first services to consumers, CO-OP Financial Services announced news on Thursday (April 12) that it is launching enhancements to its ATM Terminal Driving solution, including new personalization capabilities and upgraded hardware and software support. CO-OP Financial Services said it’s meeting that demand with more options for credit unions to configure preferences at the ATM.
PYMNTS
SEPTEMBER 28, 2016
Fiserv , a financial services provider, has announced a partnership with FCTI , an ATM network company, to provide processing for about 8,000 ATMs at 7-Eleven stores across the nation and will also custom fit its self-service tool so that FCTI can do self-terminal setups. Next year, the ATM will celebrate its 50th anniversary,” Jayne Berthelsen, senior vice president of product and market development for card services at Fiserv, said in a statement.
Mobile Payments Today
OCTOBER 10, 2017
ATMs are critical self-service channels and it is imperative for banks to effectively monitor and manage these assets to ensure business continuity
Mobile Payments Today
OCTOBER 10, 2017
Banks are increasingly seeking to scale up their ATM network to extend reach to drive more business value and gain competitive advantage
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. The mag stripe ATMs, the bank said , made them vulnerable to breaches. New ATMs, the bank said, shall necessarily be enabled for EMV Chip and PIN processing from inception.
Bank Innovation
JUNE 2, 2017
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
PYMNTS
OCTOBER 28, 2016
Coinsource, America’s largest bitcoin ATM provider, just announced proudly that the company now has 55 ATM kiosks, after adding six new ones in California — four in Los Angeles and two in San Francisco. The average rate of a new bitcoin ATM? By the end of the year, Coinsource said it will have more than 60 bitcoin ATMs across the U.S. But maybe ATMs won’t indeed be the way that people access bitcoin. Is there a run on bitcoin?
Bank Innovation
SEPTEMBER 26, 2017
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
Bank Innovation
FEBRUARY 14, 2018
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
PYMNTS
FEBRUARY 26, 2018
Central National Bank, located in Wichita, is trying to get back money it lost when an ATM gave a customer $100 bills instead of $5 bills. The bank contends Ochoa realized the ATM was working incorrectly and made more withdrawals to get more money mistakenly dispensed. Ochoa’s mother, Christy Ochoa, is listed in the complaint because she gave her daughter a ride to the ATM. “The Banking ATM Central National Bank Lawsuit security & fraud What's Hot
PYMNTS
JULY 11, 2017
Getting cash out of an ATM can sometimes be a pain when people are not near one that’s associated with their bank. Surcharge fees can pile up and sometimes dissuade people from using ATMs. The company’s locations in the Northeast, Mid-Atlantic and Midwest will soon have surcharge-free ATMs installed. Currently, Allpoint’s ATMs are available at 3,000 Rite Aid stores across the United States.
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. In a press release announcing the news, FIS said the FIS Cardless Cash, which leverages the FIS Mobile Banking app, enables banking customers to withdraw funds from ATMs without having to use a plastic card.
PYMNTS
DECEMBER 13, 2016
12) it inked a long-term agreement with United Pacific, making it the exclusive provider of ATM services. The newly formed relationship calls for Cardtronics to own and operate ATMs at more than 300 gas station and convenience store locations — operating under the We Got It! Cardtronics also has expansion rights to provide ATM services for United Pacific in potential future locations. Cardtronics operates four ATMs on the ships, which total 25 as of now.
Bank Innovation
MAY 4, 2017
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
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). “It is still not clear how the suspects stole such a large amount of money from the ATMs. Instead of putting skimmer devices on the ATM, this group makes the entire ATM a skimming device.
PYMNTS
JULY 13, 2017
NBC celebrated the 50th anniversary of the ATM by declaring it obsolete — and likely to be out of existence by the time today’s preschoolers are starting college. The Literally Mobile ATM (Powered By BMW). But, Idea Bank reasoned — what if the customer didn’t have to go to the bank to use an ATM? What if the ATM came to them? Thus, the mobile app connecting businesses to the Idea Bank Mobile ATM was born.
Chris Skinner
JUNE 26, 2017
It was exactly 50 years ago today that the world’s first ATM was unveiled at a Barclays branch in Enfield, London. Today, more than half of UK adults use an ATM at least once a week. All did not go entirely to plan with the first ATMs.
Bank Innovation
AUGUST 10, 2016
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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