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3 Ways Financial Institutions Can Step Up for Underserved Communities

Perficient

The financial services industry must consider its customer experience game while also grappling with a sense of distrust from many communities due to systematic barriers, maintaining utmost accessibility due to the essentiality of the business, and the lack of financial literacy across the country. Trust and Transparency. .

Community 275
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Convenience Stores Losing ATMs In UK Over Higher Fees

PYMNTS

A decline in ATM usage in the U.K. has left many people resorting to only using their local shops to withdraw cash, due to a declining number of bank branches and free-to-use ATMs. If not, access to cash will be in danger in many communities. He told the BBC that he had to make that choice to retain business.

ATM 131
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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. We understand how many financial institutions hard at work on their digital transformation strategies have pushed the ATM channel to the back burner.

ATM 154
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Virtual Tellers And Workhorse ATMs: Banking’s New (Digital-First) Normal

PYMNTS

back to some semblance of “normal” has challenges — and opportunities for banks, especially community banks and credit unions. Brown recounted that branch hours had been restricted if branches are operating at all. Reinventing The ATM. They’re still known, they’re still trusted entities, right in the community.”.

ATM 307
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What ATMs And Open Source Have To Do With Payments Innovation

PYMNTS

Furthermore, the lines between financial services, FinTech firms, payment providers and even open source “communities” continue to blur as collaboration takes shape. Making Old ATMs New(ish). Expanding upon the way open source can transform an “older” use case in payments (again, focusing on the ATM), Feldmann noted that the 3.5

ATM 194
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Lockdowns Drive Lower Revenues For ATM Owner Cardtronics

PYMNTS

Cardtronics , which calls itself the world’s largest ATM owner-operator, disclosed its first-quarter results on Friday (May 8), which reflected lower revenues due to lockdowns and some location closures. . Cardtronics’ ATM operating revenues dropped to $291.9 Cardtronics’ ATM operating revenues dropped to $291.9

ATM 131
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Operation Choke Point 2.0

Jeff For Banks

In 2012 the Obama administration launched "Operation Choke Point" ("OCP") which was designed to ensure banks considered the risk of banking payday lenders that were engaged in abusive practices. But in January 2021, the new OCC announced it would pause the "Fair Access" rule that was intended to prevent another Operation Choke Point.