PYMNTS

NOVEMBER 30, 2020

State mandates have also forced some businesses to close or limit on-premises operations, prompting such merchants to connect with consumers online instead. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.

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Cards Security ATM Data 151

PYMNTS

APRIL 2, 2020

The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.

Cards 164

Cards Capital Tools Fintech 164

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

PYMNTS

AUGUST 26, 2019

Pretty much everyone needs medicine at one or another, and that need is helping to drive retail innovation and attempts at disruption in the pharmacy business. Those moves come amid more pressure on brick-and-mortar pharmacy operations. But innovation efforts continue for retail pharmacy operations. Delivery Push.

Innovation 136

Innovation Retail United States ATM 136

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release. “In

ATM 100

ATM National New York City New York 100

PYMNTS

JUNE 15, 2016

Nautilus Hyosung America (Hyosung) announced the availability of its new mobile application that’s designed to help merchants and ATM operators manage Hyosung ATMs directly from a mobile device. The MoniMobile app is aimed at revamping the full management capabilities of Hyosung ATMs. ”

ATM 100

ATM Management Mobile Video 100

PYMNTS

FEBRUARY 3, 2020

Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.

Fraud 131

Fraud Cards Tools ATM 131

PYMNTS

NOVEMBER 1, 2018

Lower ATM operating revenue in the U.K. and Australia helped depress Q3 earnings revenue for Cardtronics , the world’s largest owner of ATMs. ATM operating revenue, meanwhile, declined 15 percent year over year to $329.8 ATM operating revenue, meanwhile, declined 15 percent year over year to $329.8

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ATM Cards Operations Regional 155

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. Innovating The ATM Beyond Cash. In a feature story, Uma Wilson, executive vice president and director of treasury management, card and bank product UMB Bank , discusses analyzing client behaviors throughout channels to find unusual activity.

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Maine ATM Innovation Millennials 130

PYMNTS

MARCH 25, 2020

To offer vending and laundry machine operators instant cash access, PayRange Inc. rolled out a feature that lets machine operators immediately move mobile payment settlements to a debit card. As a result, the unattended retail machine operator can receive settlements of their mobile transactions at any moment.

Capital 130

Capital ATM Cards Operations 130

TheGuardian

FEBRUARY 9, 2024

Britain’s biggest supermarket group has agreed to sell its credit card, loans and savings operations to Barclays but will retain profitable elements of Tesco Bank, including its insurance, ATM, travel money and gift card operations.

ATM 81

ATM Cards Operations Branding 81

PYMNTS

NOVEMBER 18, 2020

The November/December Smarter Payments Tracker ® examines how firms are putting payroll apps and prepaid cards to use to resolve frictions for their global workforces. The workers can then use these cards to make retail payments in-stores and online, as well as collect cash at the ATM. About The Tracker.

Mobile 220

Mobile Payments Cards Retail 220

NCR

FEBRUARY 21, 2017

It’s come a long way since 1967, when the very first ATM was installed in London. Today, the ATM is one of the most familiar features of the retail banking landscape. Let’s take a look at some of the key developments that have made the ATM what it is today. The ATM arrives. The introduction of the PIN.

ATM 85

ATM Innovation New York City New York 85

PYMNTS

MARCH 4, 2019

Amazon, of course, stands out as a marquee name in the move to make the retail experience wholly digital commerce. 1281), seeking to combat a trend — namely that more businesses are embracing card-only payment methods spanning debit and credit — the ban would also result in fines of hundreds of dollars per violation.

Retail 129

Retail New York City New York New Jersey 129

PYMNTS

MAY 4, 2017

“There’s an immediacy aspect of cash,” Bailey said, whether done at the teller in a branch or increasingly at the ATM. Cardtronics has recently struck partnerships with FIs for cardless cash services, and with attendant offerings such as ATM locators and fee alerts (for ATMs levying fees) via SMS.

ATM 192

ATM Millennials United States Study 192

NCR

FEBRUARY 24, 2017

The ATM is now 50 years old, having made its debut at Barclays’ branch in Enfield, North London in 1967. The ATM has become a vital component of the global banking system, offering just as many benefits for financial institutions (FIs) as it does for consumers. Useful extras. Brand exposure. ” New customer experiences.

ATM 85

ATM Customer Experience Examples Innovation 85

PYMNTS

FEBRUARY 26, 2020

The Sightline platform integrates with the i2c agile processing vehicle and APIs to deliver Play+, a cashless solution that gives gaming operators the ability to move money in real-time between tables, slots, and kiosks. A value card gives VIP guests immediate access to winnings.

Oregon 232

Oregon Pennsylvania Innovation Operations 232

NCR

JUNE 30, 2017

It’s a special time for the ATM industry right now, as this week marks the 50th anniversary of the world’s first-ever commercial ATM going into operation. Recent forecasts from Retail Banking Research highlight that over 3.1 million ATMs are currently installed around the globe. Beyond cards and PINs.

ATM 92

ATM Video Trends Cards 92

PYMNTS

JUNE 5, 2019

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. To get a sense of how the world of payments and cards has changed, Cregan told Webster a story about a conference he attended in Las Vegas in 2009. Take payroll cards.

Cards 158

Cards Las Vegas Innovation Mobile 158

PYMNTS

DECEMBER 20, 2016

Unattended retail will be a $275 billion-a-year industry in three years. Once the purview of soda machines and candy dispensers, the unattended environment now includes everything from non-bank ATMs to parking kiosks to coffee machines to fancy vending machines that dispense electronics and even cars. Data Point Number One: 61 percent.

Security 100

Security Retail Payments Data 100

PYMNTS

NOVEMBER 19, 2020

It will apply to everything including parking, concessions, retail, mobile ordering and other such things, the release says. And Visa pre-paid cards dispensed in the stadium will also work outside the stadium.

ATM 201

ATM America Cards Payments 201

NCR

SEPTEMBER 2, 2016

Last year, the EMV liability shift for payment terminals saw merchants become responsible for card present fraud conducted on their premises, and this is giving retailers the push they need to adopt tougher security protections. But what about the impact of EMV in other areas, such as the ATM. The impact of the shift.

ATM 75

ATM Fraud Illinois Cards 75

NCR

FEBRUARY 17, 2017

That includes growth areas like mobile banking, of course, but also covers traditional cornerstones of retail banking like the ATM. Why the ATM is key to omnichannel. According to Retail Banking Research , the number of ATMs worldwide rose by five percent to 3.2 million in 2015. Image: iStock/Piranka.

ATM 85

ATM Mobile Strategy Fraud 85

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

Fraud 131

Fraud Cards Retail Security 131

PYMNTS

NOVEMBER 13, 2020

Managing inventory, B2B payments and a plethora of food and beverage vendors can be a headache for any kind of restaurant, bar or retailer. Retailers that sell alcohol must be able to understand exactly which products they have in stock, and which products are generating the most revenue for the business.

Industry 219

Industry Payments Retail Regulation 219

PYMNTS

MARCH 8, 2019

And an initiative tied to a consortium of companies is looking to redefine how automated teller machine (ATM) applications are built and used. 579 million: The number of biometric cards that will be in use by 2023. million: The number of ATMs in the world that run on Windows operating systems.

ATM 189

ATM Regulation Fraud Data 189

PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. consumers now count themselves as “ debit-centric ” users, a sizable jump over the 33 percent who said the same about credit cards.

Fraud 155

Fraud Tools Mobile North Carolina 155

PYMNTS

OCTOBER 26, 2017

Those who travel to some of the wealthier parts of the world, however, will discover the well-to-do have much more expensive unattended retail tastes. In fact, in various global markets, high-end luxury items can be purchased from both ATMs and unattended machines. A few years ago, U.S. Hatching a new idea to dispense fish eggs.

Retail 106

Retail Los Angeles social media Policies 106

FICO

NOVEMBER 24, 2020

As many of us who have long been in the industry know, fraud remains a top challenge for debit cards. billion in gross (attempted) debit card fraud and ultimately incurred losses of over $1 billion on debit and ATM transactions; the need for an effective solution to this problem has never been greater. In 2019 issuers faced $4.2

Fraud 52

Fraud Cards ATM Case Study 52

PYMNTS

AUGUST 26, 2019

The frequency of state-sponsored attacks has intensified in recent years — with a level of sophistication and technical and financial backing to their operations that has never before been seen. Cash-out scams, he noted, used to be about harvesting thousands and perhaps even hundreds of thousands of gift and prepaid cards in a heist.

Tools 207

Tools Fraud ATM Cards 207

PYMNTS

NOVEMBER 21, 2016

are facing a class-action lawsuit by consumers that allege they colluded to raise the cost of ATM access fees in what they say is a violation of antitrust law. They want damages for both consumers and the operators of the ATMs. Atlanta-based Home Depot said new payment cards with “chip” technology remain less secure in the U.S.

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ATM Atlanta Security Fraud 100

Independent Banker

AUGUST 31, 2015

The rise of electronic transaction channels has transformed the banking industry, making smaller, less expensive branches a reality and sparking new opportunity for the ATM. Today’s advanced technology provides new ways for ATMs to deliver a secure, enhanced customer experience, lower costs and increased revenues.

ATM 70

ATM Branding Technology Retail 70

PYMNTS

JULY 10, 2020

“We are seeing more and more issuing banks championing virtual cards that feed directly into mobile wallets, doing away with plastic once and for all.”. For example, do we really need plastic cards anymore? In fact, some issuers really did find it hard to maintain these operations at the height of the COVID-19 pandemic.

Payments 201

Payments Cards Mobile Innovation 201

NCR

MARCH 27, 2017

One concept we can expect to become increasingly common is contactless withdrawal from ATMs. Developments in technology have made it possible for people to use ATMs without physically entering their card into the machine. However, it is only recently that this concept has started to make a real impact in the ATM channel.

ATM 40

ATM Cards Examples Technology 40

PYMNTS

JANUARY 11, 2021

At the same time, online card fraud was measured at $6 billion. In terms of mechanics, management said that retailers would work with Kount to develop specific transaction rules tied to their businesses. Read More On Acquisitions: NCR Looks To Buy ATM Operator Cardtronics For $1.7

Fraud 158

Fraud Online ATM United States 158

PYMNTS

MARCH 20, 2020

The coronavirus is changing retail compensation, operations, logistics and hiring. Here are the latest updates on the coronavirus focusing on retail. The bank has made known multiple relief measures for consumers as well as small businesses such as deferred credit card payments. In other news, U.K.

Phoenix 160

Phoenix Retail United States Report 160

PYMNTS

DECEMBER 30, 2019

RBI also recently set forth guidelines for “on tap” authorization for various payment systems, including the Bharat Bill Payment Operating Unit (BBPOU), Trade Receivables Discounting System (TReDS) and White Label ATMs (WLAs).

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Guidelines Payments System National 130