Payments News

On The Web

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Tech

JPMorgan Held Talks With Postal Service About Leasing Space for ATMs

“JPMorgan Chase & Co. approached the U.S. Postal Service earlier this year about a deal to place ATMs in some of its locations. The exploratory conversations are still preliminary and began before the coronavirus pandemic swept the nation, according to JPMorgan spokeswoman Trish Wexler. The talks were initiated by the bank’s real estate team as […]
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Tech

Crooks Have Acquired Proprietary Diebold Software to “jackpot” ATMs

“Diebold Nixdorf, which had sales of $3.3 billion from ATM sales and service last year, is warning stores, banks, and other customers of a new hardware-based form of “jackpotting,” the industry term for attacks that thieves use to quickly empty ATMs. The new variation uses a device that runs parts of the company’s proprietary software […]
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Global

CaixaBank Rolls Out Facial Recognition ATMs Across Spain

“Spain’s CaixaBank is to deploy ATMs equipped with facial recognition technology nationwide “with the goal of offering a better user experience and greater security in transactions, particularly in the context of Covid-19”. “The system is the first launched by a financial institution on a global level that allows users to withdraw money by simply recognising […]
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Deals

Brink’s Acquires Non-branch ATMs From AIB

“Brink’s has agreed to buy more than 500 remote ATMs from Allied Irish Bank. The agreement comes about a month after AIB and Bank of Ireland put their non-branch ATMs on the market.  “Expanding our offerings to include full-service management of ATM networks aligns with our strategic goals,” Doug Pertz, president and CEO of Brink’s, […]
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Systems

Consumers Make More On-Us ATM Cash Withdrawals, Fed Data Show

“Despite the decades-old rise of electronic payments at the expense of cash, the rate of decrease in ATM cash withdrawals has slowed down, and more consumers are avoiding fees by using their own financial institution’s ATMs, according to the Federal Reserve. The Fed’s latest triennial payments study released last month says ATM cash-withdrawal transactions declined […]
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Tech

Bank Fees: ATM Charges Hit Record High and Faster Hikes May Be Coming

“Those pesky ATM fees have climbed to a record high, and the pace of increases may soon accelerate. The average surcharge that ATM operators charge non-customers to withdraw cash rose 2% over the past year to $3.09, the 15th straight year of increases, according to a July survey by Bankrate.com. The good news is that […]
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Tech

The ATM at Age 50 Puts the Spotlight on the Future Role of Cash

“While no one today believes ATMs are going away, their future no longer resembles the clear path that opened in 1969. Virtually every bank and all but the smallest credit unions now have their own ATMs, and non-bank ATMs can be found in every high-traffic retail location. And the continued increase in credit and debit […]

On The Wires

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Companies

Cardtronics Allpoint+ ATMs Now Enabling Customers to Add Cash to Their Amazon Balance With Amazon Cash

“Cardtronics , the world’s largest ATM operator, today announced that Amazon customers can now complete Amazon Cash transactions at more than 400 cash-accepting Cardtronics ATMs in the U.S. The ATMs, part of the Allpoint+ Network of surcharge-free deposit-taking ATMs for Allpoint members, operate card-free, allowing Amazon customers to add cash to their Amazon Balance to […]
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Tech

Travelex Expands ATM Acceptance to Major Global Payment Schemes With Transaction Network Services

“Through the partnership, Travelex will expand the card schemes available across its 1,050-strong ATM network. The company will use TNS’ managed hosting service to maintain its Switch transactions and will now accept JCB, Discover, DCC, and UnionPay cards. TNS’ hosted managed service will support ATM transactions for local and foreign currencies as well as dynamic […]
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Tech

VocaLink Signs UK’s Largest Ever ATM Processing Deal With LINK

“Under the five year contract with LINK Scheme and its 38 Members, VocaLink will provide ATM switching and settlement services and will support the processing of over 70,000 ATMs connected to LINK in the UK and across Europe. The LINK ATM network allows people to easily access cash and other services, with over 97% of […]