article thumbnail

Credit Unions Embracing Biometric ATMs Post-COVID

PYMNTS

When the very first one appeared at a Barclays branch in London back in 1967, who could have imagined that the clever Automated Teller Machine (ATM) would emerge decades later as a hero of the great COVID-19 pandemic of 2020? Elevate the ATM experience’. What were your members not able to accomplish with your ATMs?

ATM 143
article thumbnail

To Counter ATM Fraud, Banks Need to Deal with Technology Debt

Bank Innovation

EXCLUSIVE— While banks are making strides to improve their cybersecurity, it might be time to give the security on their physical devices, such as ATMs, an upgrade too.

ATM 239
Insiders

Sign Up for our Newsletter

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

article thumbnail

Online/Digital Account Opening: A Bridge and A Moat

Abrigo

Offering Digital Consumer and Commercial Accounts Benefits Financial Institutions Banks and credit unions that enable online/digital account opening win new customers and members and retain existing ones. . Takeaway 1 Many financial institutions are adding or improving online or digital account opening capabilities. .

Online 195
article thumbnail

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

PYMNTS

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. The ATM may indeed become a “workhorse” piece of technology on site, with capabilities expanded well beyond the confines of just spitting out cash. Leveling The Playing Field.

ATM 307
article thumbnail

ATM Withdrawals Lead To Online Drug Ring Bust

PYMNTS

Now, an unsealed indictment shows how the Manhattan DA’s office was able to take down the vendor after receiving a tip in 2017 about suspicious ATM withdrawals. The defendants took out more than $1 million (in $700 increments) from ATMs for more than two years. via Dream Market, the dark web bazaar.

ATM 100
article thumbnail

FICO’s Take On Debit Security

PYMNTS

The data of 4 million breached debit and credit cards was even posted for sale in late 2019, stolen from four restaurant chains between April and September 2019, and recently made available for purchase on Joker’s Stash, an online black market. That delay appears to be intended to drive up the data’s prices.

Security 182
article thumbnail

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).

ATM 187