1660 articles tagged with this keyword
News/Automated teller machines and network services
Cash has seen its position as king of payments challenged in the UK over the last 10 years by alternatives such as debit and contactless cards and the Internet, says the Payments Council, which predicts the trend will continue, leaving notes and coins all but redundant by 2050.
14 April 2010
The UK's Nationwide Building Society is to ban small value cash withdrawals at its branch counters in an effort to reduce queuing times and move more routine transactions to the ATM.
12 April 2010
A Bank of America IT worker has been charged with hacking the firm's cash machine systems, enabling him to make withdrawals at ATMs without the transactions getting logged, according to IDG.
09 April 2010
European ATM-related fraud losses fell from EUR485 million in 2008 to EUR312 million last year, a 36% drop, despite a rise in attacks, according to figures from industry group East.
08 April 2010
PayPal claims that its new iPhone app has been downloaded over a million times since launching three weeks ago.
07 April 2010
With around 10% of US fraud victims having their details used to make withdrawals at ATMs, banks need to beef up their machines' security, according to a report from Javelin Strategy & Research.
Fire and flooding at a BT building near Paddington station has blacked out Internet and telephone connections at over 400 exchanges around the UK and disrupted card transactions processed over the Sage Pay gateway for Lloyds Banking Group.
31 March 2010
Visa says all credit cards issued in New Zealand will be Chip and PIN from next month, with signature-based transactions at the point-of-sale phased out by 2012.
24 March 2010
Russian authorities have arrested the alleged mastermind behind the 2008 cyber-attack on RBS WorldPay's computer network, which lead to the theft of over $9 million, according to the Financial Times.
23 March 2010
China has overtaken Japan to become the world's second biggest market for ATMs, with over 200,000 machines scattered around the country, according to a report from Retail Banking Research (RBR).
A gang of three London men have been jailed for a total of 14 years following a foiled attempt to steal an ATM machine containing a substantial sum of cash.
19 March 2010
State Bank of India (SBI) is rolling out over 300 solar-powered ATMs from local vendor Vortex Engineering at rural and semi-urban sites across the country.
12 March 2010
A bank in Colorado has begun blocking point of sale purchases over concerns debit cards may have been compromised by the massive data breach that hit Heartland Payment Systems in 2008.
08 March 2010
Surgeons in New York had to be called in to remove a flash drive from the stomach of a man who swallowed it in an apparent bid to hide incriminating evidence following his arrest in connection with an ATM skimming scam.
03 March 2010
The debit cards of hundreds of people in the Canadian city of Windsor have been compromised after crooks tampered with payment terminals in fast food joints, installing Bluetooth technology into the PIN Pads and wirelessly downloading account information.
18 February 2010
The president of a US cash management company has been arrested on charges of defrauding a bank for which it replenishes ATMs of around $12 million.
17 February 2010
Norwegian women are catching their male compatriots up fast in the Internet banking stakes, according to figures from EDB Business Partners.
12 February 2010
Santander's UK customers were unable to use the bank's cash machines and online services for over six hours yesterday after a power cut.
08 February 2010
Banking automation vendor Diebold is to cut 350 jobs from its North American operations as it reports continuing weaknesses in the market for bank branch construction and a sharp dip in full-year revenues and income.
03 February 2010
Kenyan wireless operator Safaricom has struck a deal with Equity Bank that enables M-Pesa mobile money transfer customers to access their funds at ATMs around the country.
18 January 2010
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