Remove ATM Remove Digital Banking Remove Retail Remove Security
article thumbnail

ATMs Are Ahead Of Their Time — Again

PYMNTS

The automated teller machine (ATM) debuted 51 years ago in the U.S., They quickly faded into the décor of banks and street corners, becoming a prosaic feature of everyday life. And while some imagined there’d be banks on Mars by 2020, few guessed that dull ATMs would one day reinvent retail banking.

ATM 165
article thumbnail

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.

ATM 158
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Powering Retail Livestreaming, Banking With Digital Technology

PYMNTS

50%: Decline in automated teller machine (ATM) use since the beginning of the COVID-19 pandemic. 40%: Share of ATMs that run on Windows XP, which no longer receives security upgrades from Microsoft. All this, Today in Data. 72%: Increase in FinTech app usage in Q1 2020.

article thumbnail

Citizens Debuts Digital Bank

PYMNTS

Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank. Citizens Access safely and securely offers Member FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States.

article thumbnail

The Role Of ATMs In Bank Omnichannel Strategy

PYMNTS

Pundits prophesy a cashless society — and indeed, vast swaths of consumers are migrating to digital and mobile channels for many of their banking needs, as shown by a decline in the number of brick-and-mortar retail bank branches. In fact, the number of ATMs in the U.S. The ATM Opportunity.

ATM 126
article thumbnail

Main Street?s Digital Shift, ATM Innovation, PPP Loans Top This Week?s News

PYMNTS

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. Innovating The ATM Beyond Cash. How To Keep Fraudsters From Scamming Banks Across Every Nook And Channel . Consumers expect secure and fast access to digital tools. Retailing 2020: Five Things To Watch.

Maine 130
article thumbnail

Not Down For The Count, Cash Still Counts For Plenty

PYMNTS

Among the core reasons for this: The perception that the use of cash was more secure. There’s an immediacy aspect of cash,” Bailey said, whether done at the teller in a branch or increasingly at the ATM. Another lure, according to Pierce: “Being able to budget their money.”. Cash as a Budgeting Tool.

ATM 192