ATMs

With ATM transaction volumes in bank branches returning to near pre-Covid-19 levels, the ATM Industry Association Tuesday issued a statement decrying media coverage regarding the risk of infection from ATM use. The issue centers on a study by the Commonwealth Scientific and Industrial Research Organisation and the Australian Centre for …

With cash on the outs with many pandemic-wary consumers and merchants these days, payments firms are looking for alternatives. One such option is a so-called reverse ATM, a machine that takes in cash instead of dispensing it to allow users to convert paper money into an electronic payment instrument. An …

Consumers are replacing cash with payment cards during the Covid-19 pandemic, according to the “Purchasing in a Pandemic” report issued by Visa Inc. and consultancy The Strawhecker Group. Among the findings is that 26% of respondents expect to use less cash following the pandemic when compared to before. That, coupled …

NCR Corp. on Monday announced the release of its next-generation ATM software platform. The new platform, called NCR Activate Enterprise NextGen, is intended to remake the ATM user experience to reflect similar applications in other digital-banking channels, according to the company. The idea, NCR adds, is to create a more …

Cash ATM withdrawals were down 14.6% for the week ending Sept. 6 among credit unions serviced by PSCU. The credit union service organization’s weekly transaction trends report found that while down, the rate is better than the 21.8% average decrease for the past four weeks.Co-Op Financial Services said an alliance with debit …

With the economy still reeling from the Covid-19 pandemic, the ATM Industry Association is betting that offering a new Start Up membership category at a reduced cost will attract new members and entice back into the fold former members that dropped out during the pandemic for financial reasons. The new …

Under an expanded agreement, cross-border payments specialist TransferWise Ltd. will issue Mastercard debit cards in any market globally where Mastercard is accepted and TransferWise is licensed. TransferWise has issued more than 1 million cards globally since the agreement commenced in Europe in 2018.Consumer satisfaction with credit card issuers is plummeting as the Covid-19 pandemic …

Self-service banking has long had a strong reputation as a safe, trusted, and convenient channel. This is a key part of its value proposition to both financial institutions and their customers. While Covid-19 has temporarily reduced cash use and impacted transaction volumes based on the many restrictions large parts of …

American Express Co. announced it has agreed to acquire digital lender Kabbage Inc. in a deal expected to close later this year. Kabbage’s existing loan portfolio is not included in the transaction, for which terms were not announced. Eleven-year-old Kabbage entered the payment processing business in 2018.Restaurants and other businesses in Pasadena, Calif., …

Payments providers Fortis Payment Systems LLC and Blue Dog Business Services LLC announced they have merged. Terms of the transaction were not disclosed.ATM portfolio manager Payment Alliance International Inc. said it has acquired the Cash-N-Go ATM portfolio of Cash N Go ATM Network Inc. The deal adds almost 400 machines to Payment Alliance’s portfolio, …