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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 million, driven by […].

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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 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.

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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. 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

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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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PayPal, Mastercard Add 5 EU Countries To Debit Card Offering

PYMNTS

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.,

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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. million ATMs across India, per data from the Reserve Bank of India (RBI).

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

PYMNTS

The ability to bring new services to market, to pivot quickly, will be critical as states begin to reopen across the next few months. 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. Safely and hygienically, of course.

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