Payments News
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Security

CaixaBank, the world’s first bank to use facial recognition to withdraw cash at ATMs

“CaixaBank has become the world’s first financial institution to offer its customers the ability to use facial recognition to withdraw cash from ATMs, without having to enter their PIN. The company, with Jordi Gual as Chairman and Gonzalo Gortázar as CEO, presented the system today in Barcelona, in an act that entails the commercial launch of the service for […]

On The Web

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Companies

Eye on ATMs: Visa Will Lift Dynamic Currency Conversion Restriction at ATMs, Euronet Says; New PAI Leadership

“In what may be a boon for ATMs, Visa Inc. will allow dynamic currency conversion for consumers using international ATMs beginning April 13, 2019, says Euronet Worldwide Inc. The Leawood, Kan.-based processor, which operates more than 41,000 ATMs globally, says the rule change enables acquirers and ATM operators to offer the conversion service, which can convert the […]
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Tech

ATMs, Once the Future of Banking, Are Starting to Become More Scarce

“The number of ATMs around the world fell for the first time last year as banks closed branches and redirected resources toward digital payments, consulting firm RBR said in a study released Monday. Declines in four of the world’s five largest markets — China, the U.S., Japan and Brazil — drove the 1% drop in […]
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Risk & Fraud

ATM hacking report: Scenarios from 2018 ATM hacks

“The most important thing about ATM malware is not its inner workings, but the installation method. The first step for protecting banks and their clients is to identify potential infection vectors and vulnerable components. In this report, we will share the results of ATM security analysis performed by our company in 2017–2018, discuss different types […]
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Tech

Why Credit Card Acceptance Actually Spurs Cash Use at Vending Machines

“The most recent study found that contrary to some expectations, cashless acceptance not only does not cannibalize cash sales, but actually boosts them. In addition, cashless technology drove top line sales growth more for low-performing machines (generating less than $2,000 a year in sales) on a percentage basis than for higher-performing machines. The M.S.U. study […]
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Security

E Sun Bank fits face recognition to ATMs

“E Sun Commercial Bank has fitted face recognition security to its ATMs. The Taiwanese Bank is using NeoFace technology from NEC Corporation to authenticate uses at ATMs in five different locations. “These are the world’s first facial recognition automation ATMs with one-time password technology,” says the company.”

On The Wires

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Domains

Xoom Partners with OXXO to Add More Than 17,000 New Cash Pickup Locations in Mexico

“Xoom, PayPal’s international money transfer service, today announced a partnership with TransNetwork, an electronic payment processing platform, so Xoom customers in the United States can send money to loved ones for cash pickup at any OXXO location in Mexico. The first online-only remittance player to partner with Mexico’s largest chain of convenience stores, Xoom will […]
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Tech

Cardtronics Integrates FIS Cardless Cash Into Fleet of ATMs

“Cardtronics , the world’s largest ATM owner and operator, has completed integration with FIS Cardless Cash. Currently, 11,000 ATMs have been enabled and an additional 8,000 ATMs are to be readied for cardless withdrawals over the next several months. Cardless Cash leverages the FIS Mobile Banking app to allow consumers to withdraw funds without having […]
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Tech

Shop, Eat and Celebrate the Stress-Free Way with Cash This Holiday Season

“Withdraw Cash Wednesday is a nationwide movement encouraging consumers to get cash from ATMs on Wednesdays for weekly spending as a means of financial control. The Withdraw Cash Wednesday movement was spurred by widespread consumer interest in the initial Withdraw Cash Wednesday holiday held in 2017.”