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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. 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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Increasing Digital Banking Options Put Pressure On Big Lenders To Adapt

PYMNTS

Dimon’s comments come at a time of aggressive growth and gains by numerous digitally native startups that have modernized and streamlined online banking and payments for the masses. Of course, the pandemic has forced banks – like all businesses – to rethink their priorities and make adjustments to how they interface with customers.

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ATM-as-a-Service – A Strategic Step on the Transformation Journey?

Gonzobanker

Moving from a traditional CAPEX model to an “as-a-service” OPEX model could be the key to transforming banksATM/ITM channel. ATMs have changed a bit in the last few years. Banks whose fleets resemble more of the latter are probably past due for an upgrade. Maybe it’s time to let ATMs be someone else’s problem.

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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. on Monday (Oct.

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Virtual Tellers And Workhorse ATMs: Banking’s New (Digital-First) Normal

PYMNTS

The challenge lies with serving the needs of the individual who may be hesitant to go back to the old ways of banking — of walking up to teller windows, of handling cash in envelopes. 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.

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Moving Beyond The Limits Of ‘Cash And Dash’ ATMs

PYMNTS

ATM , as you likely know, is an acronym for automated teller machine. It’s also shorthand for, perhaps, a simple function — colloquially known in financial services as “cash and dash,” an ancillary, physical part of the brick-and-mortar bank branch. We should not forget why we have ATMs in the first place,” said Knievel. “So

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Teen-Focused Digital Bank Pixpay Raises $3.4M

PYMNTS

Challenger banks are typically marketed to adults. Pixpay offers users a customized PIN code to lock and unlock the card, and users are notified with each transaction. There are limits on ATM withdrawals and online payments. per month per card; payments and ATM withdrawals in the Eurozone are free.