Automated teller machines and network services

1028 articles tagged with this keyword

/Automated teller machines and network services

$3 million ATM heist tied to Russian-speaking cyber-gang

A brazen $3 million heist from the ATMs of Bangladesh's Dutch-Bangla Bank has been traced to Russian-speaking cybergang Silence, a sure sign that the criminal network is branching out from its home country.

/retail

Dutch banks begin transition to joint ATM network

ABN Amro, ING and Rabobank have begun the process of transferring their ATMs to a new operator as they seek to adjust to a world where cash use is declining but customers still demand easy access to paper money.

/inclusion

UK banks commit to free access to cash

The UK banking industry is promising to work with local communities to ensure that Brits continue to have free access to cash as the country drifts towards a digital economy.

/Automated teller machines and network services

China UnionPay to offer European credit cards

The world's biggest card issuer, China UnionPay, has stepped up its European ambitions after striking a deal with a UK back-office startup, Tribe Payments, that will see it offer debit and credit cards in Europe.

/regulation

Raphaels Bank fined £1.89m for outsourcing failures

The UK's Raphaels Bank has been fined £1.89 million for outsourcing failures which left thousands of customers unable to use their payment cards on Christmas Eve 2015.

/Automated teller machines and network services

Which? raises alarm over ATM network charges

Britain’s free to use ATM network is on course to be "decimated" in the coming months unless urgent action is taken to protect access to cash, new research from Which? reveals.

/security

Physical ATM attacks show explosive growth

The number of physical attacks on ATMs in Europe has risen for the fourth consecutive year, although this was partially offset by a fall in the number of malware and logical attacks, according to industry association East.

/inclusion

Visa backs Branch for mobile-based lending in developing markets

Branch International, a San Francisco-based startup that uses mobile phones to offer loans to people without bank accounts in developing countries, has closed a $170 million Series C funding round led by Foundation Capital and Visa, which is also backing the firm through a strategic partnership.

/retail

JPMorgan Chase to open 90 branches this year

JPMorgan Chase will open up to 90 branches, employing 700 people, this year as its puts its faith in the ability of bricks-and-mortar and the human touch to win over new business.

/security

Taiwan's E SUN Bank deploys facial recognition ATMs

Taiwan's E SUN Bank has teamed up with NEC Corporation to roll out ATMs featuring facial recognition technology.

/payments

Lloyds looks to unlock access to cash

In the wake of fierce criticism from politicians and consumer groups over the disappearance of ATMs and bank branches from the high street, Lloyds Banking Group is to run a pilot scheme which will offer retailers a fee for processing cashback transactions over the counter.

/security

CaixaBank rolls out facial recognition at the ATM

CaixaBank is offering customers the opportunity to use facial recognition technology rather than PIN codes to withdraw cash from ATMs.

/Automated teller machines and network services

IBM scores $260m deal with Bank of the Philippine Islands

The Bank of the Philippine Islands (BPI) is looking to boost its digital transformation through a $260 million, multi-year services agreement with IBM.

/payments

Advent buys majority stake in Argentinian bank-owned payments firm

Private equity giant Advent International is buying a 51% stake in Argentinian payments firm Prisma Medios de Pago from a consortium of local banks and Visa International in a deal valuing the company at $1.42 billion.

/security

Fake job interview dupes Chilean ATM network employee into downloading malware

North Korean hackers tricked a staffer at Chilean interbank network Redbanc into a fake Skype job interview and then duped him into downloading malware onto his work computer, according to local press reports.

/security

Criminal gangs use Fuze to store multiple stolen cards on one card

Cash-out crooks have a new weapon in their armoury: the Fuze Card, which lets users store all of their (stolen) credit and debit cards on a single piece of plastic, the US Secret Service is warning.

/retail

Japan's Seven Bank taps facial recognition tech for ATM-based account opening

Japan's Seven Bank is planning to add facial recognition technology to its ATMs, enabling users to open accounts through the machines, according to local press reports.

/payments

Global ATM market on the wane as China migrates to digital payments

Global ATM installations are set to fall for the time as the mega Chinese market switches away from cash to digital payments.

/payments

Dispute with IT provider sees Mozambique interbank system knocked out

A dispute between Mozambique's interbank payments system operator and its IT provider which has led to accusations of "blackmail" has left millions of people unable to use their cards at the point-of-sale or ATMs.

/Automated teller machines and network services

Most ATMs vulnerable to hackers - report

Many ATMs from some of the world's biggest manufacturers are vulnerable to a host of attacks and can be hacked in minutes, according to a report from Positive Technologies.