Doing Battle With Holiday Fraudsters At The ATM

PYMNTS

Well, that means trips to the ATM. For fraudsters, armed with new technologies, the ATM is fertile ground for fraud. They are, well, razor-thin inserts that fit within the card acceptance slot, and read the data housed within the magnetic stripe of cards inserted into the hacked ATM.

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Top Australian Banks Kill ATM Fees

Bank Innovation

Four major Australian banks have dropped fees for cash withdrawals at their domestic ATMs, in a move that could save Australian ATM users millions annually. Exclusive Payments Retail ATMs Australian fintech banking fees Financial Regulation

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Indian Fintech Nearby Technologies Teams with Yes Bank to Provide Cardless ATMs

Bank Innovation

Indian fintech Nearby Technologies has partnered with one of the country’s largest private sector banks, YES Bank, to launch a cardless and PIN-less Aadhaar ATM service.

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).

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Bitcoin Daily: UnionBank Launches Bitcoin ATM; Coinbase Invests In Disappearing Blockchain Startup

PYMNTS

People who want to use UnionBank of the Philippines ‘s (UBP’s) new bitcoin ATM will need to have an account with the bank. According to The Next Web , UBP, the seventh-largest bank in the Philippines, launched its first cryptocurrency ATM this week.

Innovative Ecosystem Draws FinTech Firms To Toronto

PYMNTS

Toronto is a powerhouse for financial innovation in Canada: The city has the most sizable ecosystem for FinTech in the country, with 185 startups per one count. NorthOne , a FinTech firm that focuses on small business owners, is one of the companies that call the city home.

Diebold Nixdorf Debuts ‘Extreme’ ATM — Tiny and Contactless

Bank Innovation

LAS VEGAS — Contactless payments are not new — card-free ATM transactions have been seen at fintech conference for years now — but they are getting more buzz lately, especially as the industry continues to debate the possibility of a cashless society.

Debit, ATMs And The New Age Of Bank Branches

PYMNTS

That brings up some questions for banks: What are the opportunities for banks with debit, and with branches, and even with ATMs? One way that smaller banks are competing in the market for consumers’ attention is through ATMs, where fleet placement can bring a firm to top of mind and cement loyalty. Beyond mere placement of the machines, according to Elan and to Cullen, FIs must grapple with the cost of owning and running those ATMs.

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ATM Turns 50, Cash Still Ageless

PYMNTS

The space changed when Barclays Bank announced the launch of the world’s first ATM machine which could dispense up to ten £1 pound notes in exchange for a bank-issued voucher. Fast track to today and the United Kingdom is home to more than 70,000 ATM machines used by 94 percent of the adult population. More than half of that percentage uses an ATM at least once a week to withdraw cash. While the use of cash and ATMs has climbed in the U.K.

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Importance of ATM Testing Lab Services

Let's Talk Payments

For most companies, the increasing demand to test more and more sophisticated ATM functionality is countered by reduced personnel resources or reduced bandwidth. Authentication Banking cloud Fintech Payments insights US

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FinTech Firms Make Inroads In Switzerland

PYMNTS

In any number of countries spanning the globe, FinTech firms continue to make inroads into financial services, with at least some encroachment onto traditional players’ turf. B2B Payments africa B2B Branch International credit FinServ FinTech funding loans News Switzerland traditional bankin

Credit Unions Find Friendly Ground With FinTech Firms

PYMNTS

The customer isn’t just looking for a slick app on mobile devices, over the phone, at a branch on a desktop or at an ATM. Finding Friendly Ground With FinTech Firms.

12 Companies Merging Virtual Currencies and the ATM Business

Let's Talk Payments

LocalBitcoins ATM is an affordable and robust machine for automatizing bitcoin exchange businesses. The LocalBitcoins ATM is unique because it does not require an Internet connection, but the exchanging happens. Banking Biometrics Bitcoin blockchain Fintech Innovation Insights Mobile QR Code / Bar-Code Virtual Currency Asia Bitaccess BitOcean BitXatm Coinoutlet CoinVault ATM Europe General Bytes Genesis Coin Iberobit insights Lamassu LocalBitcoins Planet Capital Project Skyhook US

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CashCodes®: Send and Receive Cash From Your Phone to an ATM

Let's Talk Payments

A Dublin-based startup has recently received €300,000 in seed funding for its potentially explosive new ATM-based international P2P cash payment platform. CashCodes® utilizes recent advances in “Emergency Cash” ATM technology. Fintech News P2P Europe news

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U.K. election, trade progress give B2B payments welcome visibility

Payments Source

Fintech U.S. B-to-B payments Brexit ATMs ChinaPayment companies looking for relief from international political chaos got a moment of clarity in the form of a decisive U.K. election and nominal progress in the trade war.

How a fintech bank would tackle fraud

BankNXT

How a fintech bank would tackle fraud on BankNXT. Banking Fintech Security ATM cybercrime EMV cards fraud Jessica EllermFollowing a bad experience of criminal activity on her debit card, Jessica Ellerm outlines how her own bank would tackle fraud.

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Banks rise to the FinTech challenge—Bringing disruption in-house

Insights on Business

In the banking world, that means the “FinTechs,” companies that exist at the intersection between technology providers and financial service providers. As FinTechs multiplied however, the cherry picking became more aggressive.

How U.S.'s Poni Card built a remittance network on Mexican ATMs

Payments Source

fintech hopes its service will help encourage financial inclusion in Mexico, where 65 percent of the population is in the informal economy. Cross border payments ATMs Mexico U.S.The U.S.

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Bitcoin Daily: Cuba Considers Using Crypto To Boost Economy; France Sees Spike In Complaints From Crypto Investors

PYMNTS

And Canadian crypto trading platform Coinsquare has announced that it has taken a controlling investment position in Just Cash, a FinTech software provider. Just Cash’s software enables customers to purchase cryptocurrency through the traditional ATM process without disrupting the ATM network.

Banking, fintech innovators recognized with Bank Customer Experience awards

Mobile Payments Today

Networld Media Group, publisher of ATM Marketplace, Mobile Payments Today and World of Money, presented four awards on the evening of Thursday, Sept. 13, during a banquet held as part of the 6th annual Bank Customer Experience Summit in Chicago

Why The Bank-FinTech Relationship Is More Complicated Than Conflicted

PYMNTS

The ongoing struggle, supposedly existential in nature, that pits upstart, relatively young FinTech firms against arrogantly complacent banks for supremacy in this new and growing world of digital payments and commerce. Pick your metaphor: David vs. Goliath.

Financial inclusion and demand for cash boosts Asian ATM base

NCR

Indeed, new figures from RBR revealed the number of cash withdrawals globally at the ATM grew by ten percent in 2015 to almost 100 billion transactions a year, with the value of cash withdrawn totaling just under $14 trillion. Potential for growth in ATM numbers.

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The payments M&A wave could hit debit networks next

Payments Source

As major payments M&A deals mount, some free agents are awaiting deals of their own — and one area where that’s most apparent is in debit and ATM networks. Debit cards ATMs M&A Payment processing Fintech FIS Fiserv

What The UAE Is Teaching Global FinTechs About SMB Banking

PYMNTS

The story he told PYMNTS was one of FinTech’s global impact, and how the contributions of SMBs are being recognized for their importance. Customers will have access to checkbooks and debit cards as well, and be able to use Emirates NBD ATMs for daily banking needs.

Opinion: Top 9 Fintech Platforms for 2018

ABA Community Banking

Global fintech investment has been on the rise over the past several years and 2018 was no exception Feature Technology Branch Technology/ATMs Tech Management Feature3 Fintech. 1Technology

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Accelerating Atlanta: How the South's Fintech Hub Attracts New Talent

Payments Source

These players now plan to expand their reach even further, hoping to make the southern city a fintech hub to rival Silicon Valley and New York. disruptors mobile online debit-prepaid retail-acquiring global digital-currency processing atms technology

How AML Regulations Are Pulling Credit Unions Into Law Enforcement

PYMNTS

In Rapid City, South Dakota, for example, MED5 Federal Credit Union (MED5 FCU) launched an upgraded website after collaborating with the FinTech OMNICOMMANDER , which works to provide CUs with a variety of online tools, including web design, social media and marketing services.

Customer Experience as a Competitive Advantage: How FinTech Startups Forever Changed User Attitudes in Banking

Let's Talk Payments

One of the milestones in that matter was probably the invention of the ATM. Banking Fintech Insights Acorns Asia Digit Empower Europe insights Looma Qapital Robinhood Stripe USThe evolution of the customer service in traditional banking was very slow during the past few decades.

Evolve Taps i2c To Power Custom Banking Products For FinTechs

PYMNTS

Through its partnership with Silicon Valley firm i2c, Evolve will allow the FinTechs it works with across the country to custom-build unique banking and payment products across a variety of form factors. i2c Inc.

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How a fintech bank would tackle fraud

Jessica Ellerm

This time the fraudsters managed to get hold of my debit card details, duplicate the physical card and withdraw my hard earned cash from an ATM, cleaning out my everyday account completely. Banking Fintech

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NCR, Diebold Nixdorf need more than new bosses in the fintech era

Payments Source

For NCR and Diebold Nixdorf's leadership, spotting the fintechs nipping at its heels is the easy part. ATMs Payment processing Fintech M&A Diebold Nixdorf NCRCharting a path as a half-century old market changes into something entirely new will be much harder.

Real Innovation Solves Today’s Problems, Not Tomorrow’s

PYMNTS

If not, you probably will soon, since it just teamed up with 7-Eleven to bring surcharge-free ATM access to 8,000 of the convenience chain’s retail locations. MoneyPass, a network of Elan Financial Services , provides ATM and debit card processing solutions for financial institutions, Independent Sales Organizations (ISOs) and retailers. But its innovation legacy is ATM access without the fees — a concept Miraglia came up with, never expecting it to grow as big as it did.

The Daily Fintech Top 10 Consumer Fintech Predictions for 2017

Daily Fintech

A few challenger banks (aka neobanks or full stack Fintech) will do well based on great execution (Nubank in Brasil is an example), but we will see high profile blowups as many fail to get follow-on financing. #2 9 Next generation ATMs. #1 Challenger Banks challenged.

View From the UK: Fintech Startups Are Eating Banks’ Lunch

ABA Community Banking

Fintechs pose an enormous threat to banks globally, the fortress of traditional financial services has been breached Feature Retail Banking Technology Compliance Customers Branch Technology/ATMs Tech Management Compliance/Regulatory Feature3 Fintech.

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NEW REPORT: For UN Workers, A Credit Union Crosses Borders

PYMNTS

Many are tapping into their cooperative natures to pursue innovations, so as to compete aggressively and keep up with larger financial institutions (FIs) and FinTech challengers. ATM solutions provider FCTI Inc. Credit unions (CUs), by default, are cooperative in nature.

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Wealth & Brokerage Fintechs stars from the Fintech100 report

Daily Fintech

KPMG by now has a classic Fintech ranking publication – The Fintech100 Report which is in its 5 th year. Half of the wealth & brokerage FinTechs are in the Top 50 and the rest are in the Emerging 50. The UK has given birth to 3 out of these 4 Fintechs.

Cardtronics Q3 Earnings Show Revenues, Cash Flow Up

PYMNTS

Global ATM owner and operator Cardtronics released its third quarter earnings report, and the company’s total revenues were up 3 percent, from $340.2 ATM operating revenues were up as well — to $333.4 Earnings ATM Cardtronics cash flow News Q3 revenue What's Hot

Look Beyond Technology for Better Digital Banking, Fiserv Says

Bank Innovation

EXCLUSIVE—With mobile banking services offered at the majority of financial institutions, innovating the digital space is becoming more important in the fintech ecosystem, especially for smaller players like regional banks or credit unions.

Fintech Firm Partners with Latino Group to Expand Financial Services

ABA Community Banking

Members of NHCLC Receive Digital Wallet & Direct Deposit Solutions Linked To Banks Consumer Credit Feature Financial Trends Lines of Business Retail Banking Technology Customers Branch Technology/ATMs Tech Management Community Banking Feature3 Fintech.

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7 FIs and fintech providers recognized as Best in Bank Customer Experience for 2017

Mobile Payments Today

Networld Media Group handed out awards to honor seven innovators in the ATM and mobile technology industries. The awards gala took place on Sept. 19 in conjunction with the Bank Customer Experience Summit

Say Hello to Our Spring 2016 Class of Startups

Bank Innovation

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class.

Bitcoin Daily: BitGrail CEO Owes $170M; $1B In Digital Currency Hacks Stolen

PYMNTS

million) onto another cryptocurrency exchange and tried to withdraw the money through a bitcoin ATM. Bitcoin AML bankruptcy bitcoin bitcoin ATM bitcoin daily Crypto Exchange cryptocurrency cybercriminals digital currency digital wallets Hackers News scams What's Hot

Banking, fintech innovators recognized with Bank Customer Experience awards

ATM Marketplace

Networld Media Group, publisher of ATM Marketplace, Mobile Payments Today and World of Money, presented four awards on the evening of Thursday, Sept. 13, during a banquet held as part of the 6th annual Bank Customer Experience Summit in Chicago