Automated teller machines and network services

1031 articles tagged with this keyword

/retail

Russia's VTB uses AI and Big Data to locate branches and ATMs

VTB, Russia’s second largest bank, has begun using artificial intelligence to determine the ideal locations for branches and ATMs.

/payments

FCA/PSR: Pockets of vulnerability remain but most UK consumers have reasonable access to cash

Research commissioned by the Financial Conduct Authority and the UK's Payment Systems Regulator finds that - contrary to popular belief - most people have reasonable access to cash through a combination of bank, building society, or Post Office branches and ATMs.

/startups

Payments startup Monavate raises £5m

UK startup Monavate has raised £5 million for its technology-enabled, compliance and card scheme sponsorship platform.

/security

OCBC rolls out facial verification for ATM transactions

OCBC Bank is rolling out facial verification technology to its network of ATMs, enabling users to check their balances and ultimately make cash withdrawals via a scan of their faces.

/retail

As cash use falls, banks look to ATM pooling

With the Covid-19 pandemic accelerating the long-term decline in cash usage, banks are increasingly looking to pool or share their ATMs as a way to save money, according to RBR.

/payments

Which?: Free-to-use ATMs disappearing from UK high streets

UK consumer group Which? is pushing for the government to take immediate action to protect the future of cash for those who need it, as its latest analysis shows a spike in the number of people forced to pay to withdraw their own money from cash machines.

/retail

Covid-19: Contactless ATM withdrawals go mainstream

Covid-19 has accelerated the trend towards contactless cash withdrawals in Switzerland, according to SIX, which says that more than a third of machines in the country are now equipped with QR code readers while another 20% have NFC readers.

/payments

Which? ramps up campaign to protect cash network

Which? is urging the UK’s eight largest retail banks to publicly commit to maintaining cash access for the millions of people who still rely on it.

/payments

UK cash machine withdrawals drop by over a third in 2020

Successive Coronavirus lockdowns led to a 37% drop in UK ATM withdrawals in 2020, according to figures published by cash machine network Link.

/inclusion

HSBC to close 82 UK branches; revamps network for digital age

HSBC will close 82 branches in the UK this year as the Covid-19 pandemic accelerates the trend away from in-person banking and towards digital channels.

/crypto

Agricultural Bank of China tests digital currency at ATMs

The Agricultural Bank of China has equipped a number of ATMs with the means for customers to deposit and withdraw the central bank's new digital currency.

/payments

Unexploded bomb in Dutch cash collection machine forces lockdown of entire network

Dutch banks have shut down all sealbag machines - ATMs used for depositing cash by small businesses - after the discovery of an undetonated bomb in a machine located in the West-Frisian harbour town of Enkhuizen.

/retail

NCR makes $1.7bn offer for Cardtronics

NCR has made a cash offer worth more than $1.7 billion to buy Cardtronics, trumping a bid made late last year for the ATM operator by Apollo Global Management and Hudson Executive Capital.

/crypto

Bitcoin cash outs arrive at 16,000 ATMs in the UK

Cryptocurrency holders can now cash out their bitcoin at 16,000 ATMs across the UK thanks to a collaboration between East London-based Cryptocurrency company BitcoinPoint and independent cash machine operator Cashzone.

/inclusion

OneBanks bids to bring human banking back to Scottish town

OneBanks, a UK startup that is working to put fully-staffed banking kiosks in places that high street lenders have left, is gearing up to open its first location in the Scottish town of Denny.

/retail

Belgian banks enlist Auriga for shared ATM network

Belgium's big four banks have called in vendor Auriga to manage their new network of bank-neutral ATMs.

/payments

Coronavirus transmission risk from cash is low - BofE

The rush to abandon cash during the pandemic may be unnecessary, according to a scientific study from the Bank of England, which finds that the risk of Covid-19 transmission by banknotes is low.

/startups

Green Dot invests in Gig Wage

Californian bank Green Dot is investing in and partnering with startup Gig Wage to bring banking and financial tools to gig workers.

/retail

Post Office to close 600 ATMs

The UK's Post Office is set to shut 600 of its 2000 ATMs over the next 18 months as it takes ownership of a network of machines currently operated by Bank of Ireland.

/security

European ATM losses from Black Box fraud pass the €1 million mark

The European Association for Secure Transactions (East) is reporting a sharp rise in 'jackpotting' Black Box attacks on European ATMs in the first six months of 20202.