Amex to expand ATM cash access
Payments Dive
FEBRUARY 20, 2024
The card issuer has partnered with ATM operator NCR Atleos to provide cash access for its checking account clients at 40,000 more machines.
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Payments Dive
FEBRUARY 20, 2024
The card issuer has partnered with ATM operator NCR Atleos to provide cash access for its checking account clients at 40,000 more machines.
PYMNTS
JULY 30, 2020
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. The days of the ATM serving as just a quick cash dispensary are numbered, Sonia Sedler , Diebold Nixdorf ’s global head of managed services and banking strategy, told PYMNTS in a recent discussion.
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Bank Innovation
DECEMBER 24, 2018
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. Card payments increased 10.1% by number and 8.4% by value from 2016 to 2017. For comparison, these payments had increased 7.8%
PYMNTS
DECEMBER 13, 2019
Well, that means trips to the ATM. For fraudsters, armed with new technologies, the ATM is fertile ground for fraud. They are, well, razor-thin inserts that fit within the card acceptance slot, and read the data housed within the magnetic stripe of cards inserted into the hacked ATM.
Payments Dive
NOVEMBER 15, 2023
The buy now, pay later provider’s account will offer savings-level interest, ATM access and direct deposit, Affirm executives said.
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.
Payments Dive
NOVEMBER 19, 2019
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.
PYMNTS
MARCH 6, 2018
A new report has revealed that there was a 10 percent increase in the number of payment cards compromised at U.S. ATMs and merchants in 2017. The number of compromises and the number of card members impacted set a new record last year,” said TJ Horan, vice president of fraud solutions at FICO.
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.
ATM Marketplace
FEBRUARY 18, 2022
Physical threats are not the only security concerns for ATMs. Outdated key standards and card skimming are also major issues in the ATM industry. Let's take a closer look at some of these security issues and what causes them.
ATM Marketplace
AUGUST 22, 2023
New ATM standards for Payment Card Industry (PCI) compliance will also take effect beginning Dec. Here's how to ensure you're prepared.
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.
PYMNTS
JULY 1, 2020
During the pandemic’s early days, ATM runs by panicked consumers got a fair amount of media attention. However, CO-OP’s overall data from its network of 30,000 ATMs didn’t show a lot of people loading up on cash. As Calcanes noted, that means switching many ATMs to “ITMs,” or “interactive teller machines.”. A Data-Driven Future.
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.
BankBazaar
APRIL 19, 2024
Confused by Credit Card jargon? This blog post is your saviour, translating complex Credit Card terminology into plain English. Dive in and learn to speak the language of Credit Cards – without getting lost in translation! Payment Due The date by which the payment must be received by the Credit Card issuer to avoid late fees.
Bank Innovation
MAY 20, 2019
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 million, driven by […].
PYMNTS
FEBRUARY 3, 2020
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. A convergence of factors is at the root of the ATM makeover now underway. It helps explain why the value of the ATM market was $18.44
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.
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?
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.
PYMNTS
AUGUST 14, 2019
As credit card skimmers have gotten smarter, they have also gotten easier to detect, thanks to Bluetooth broadcasting that announces the presence of enabled devices. Created by a team of computer engineers, the new app, nicknamed Bluetana, can detect even the most discreet skimmers on gas pumps and bank ATMs. states, the report noted.
Payments Dive
MARCH 10, 2017
This year, the buzz was about cardless ATM transactions, a subject addressed in a well-attended 1-hour roundtable discussion among executives leading the charge to a card-free future. Every ATMIA conference has its trending topic du jour.
PYMNTS
SEPTEMBER 23, 2020
23) announcement that the card is now available in France, Austria, Italy, Ireland and Spain beyond its current availability in the United Kingdom, Germany and the United States. percent cash back on all of their eligible spending with the debit card. The companies said in a Wednesday (Sept. In the U.S.,
BankBazaar
APRIL 13, 2023
B ig wad of cash or a sl eek Credit Card ? Let’s help you figure out the pros and cons of both when travelling abroad , along with a few pro tips on using Credit Card s overseas. However, when faced with the conundrum of whether to carry cash or card while visiting a foreign country, we’ve got all the answers for you in this article.
ATM Marketplace
AUGUST 16, 2019
Card skimmers at ATMs and gas pumps are common ways for cyberthieves to steal credit and debit card numbers. Cybersecurity expert Scott Schober spoke to ATM Marketplace about some of the latest trends in credit card skimming. Here's what he had to say.
PYMNTS
MAY 7, 2020
Reinventing The ATM. Banking in the post-pandemic age, and with a “digital-first” mindset may also see a reinvention of the ATM, said Brown. The ATM may indeed become a “workhorse” piece of technology on site, with capabilities expanded well beyond the confines of just spitting out cash. Safely and hygienically, of course.
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. 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. […].
ATM Marketplace
NOVEMBER 20, 2020
ATM Marketplace spoke with John Clatworthy, SVP, chief customer and strategy officer for Cash Connect on mobile cash technology and how customers can access their cash without using their debit card.
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).
Payments Dive
SEPTEMBER 15, 2023
The incursion is part of a spate of recent attacks against hospitality companies, including at Caesars Entertainment, that have affected card transactions, ATMs and reward programs.
PYMNTS
SEPTEMBER 30, 2020
The corporate card can have a home in the digital wallet thanks to collaborations and technology platforms designed for card issuers. FinTech firm Nium has teamed with Southeast Asia neo-bank Aspire to enable a mobile payments feature with its cards. The collaboration will make every Aspire card available through Google Pay.
PYMNTS
SEPTEMBER 23, 2020
That left FIs scrambling to “rapidly figure out how to get that same emotional and engagement outcome when the possibility of face-to-face is virtually nonexistent,” Randy Piatt , head of product solutions at card technology firm Ondot Systems , told PYMNTS in a recent conversation. Simple: Start with the cards.
ATM Marketplace
JULY 16, 2019
Contactless cards offer a convenient, easy solution to cash. Most major card issuers are already adopting the idea. But what does this mean for ATMs, the hulking dinosaurs of our cash-strapped world?
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.
Payments Dive
OCTOBER 31, 2019
s network of ATMs, believes that contactless cards are behind the globe's shrinking reliance on cash. Graham Mott, head of strategy at Link, which oversees the U.K.'s
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.
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. United Airlines, Chase Card Services Launch No-Fee Credit Card.
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.
Gonzobanker
AUGUST 3, 2023
The time has come for some truth on the world of payment card flips. disrupted banks’ income on debit cards. had in 2011, they’re likely to see an 18% to 25% volume shift from signature to PIN card transactions by the end of 2025. And the threat of disruption on credit cards looms large. Why start that all over again?
Payments Dive
MAY 23, 2017
What’s at Stake for ATM Security - The primary security risk[1] for ATMs is skimming, where a criminal attaches or inserts tiny devices used to secretly steal payment card and authentication data from transactions by legitimate customers.
PYMNTS
JANUARY 23, 2020
The partnership starts with the SoFi Money debit card, an offering that will exist exclusively on the Mastercard network. SoFi’s card will provide an additional way for customers to spend with their SoFi Money cash management accounts. Mastercard will serve as the exclusive card network for SoFi’s soon-to-be-released credit card.
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. Credit card skimmers steal more than $1 billion from U.S. It’s definitely an asset we can use to combat ATM skimming.”.
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.
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? But maybe ATMs won’t indeed be the way that people access bitcoin.
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