Thursday , March 28, 2024

Search Results for: atms

Retail ATM Operator Cardtronics Expands Its Business With Walgreens and Citibank

Leading retail ATM network owner and operator Cardtronics plc announced expanded agreements Tuesday with the big drug-store chain Walgreens and banking giant Citigroup Inc. that will put Citi’s brand on more than 1,000 Cardtronics ATMs in Walgreens and Duane Reade stores in some key markets, including New York City and …

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Currency Or Investment Vehicle? Rising Bitcoin Value Outshines Its Payments Role

The price of Bitcoin, which soared to heady heights at the end of 2016 only to drop somewhat over the last two weeks, has been much on the minds of payments observers looking to the digital currency as an intriguing new way to pay. But is Bitcoin a medium of …

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Operation Choke Point Hard To Justify, Sessions Says, and other Digital Transactions News briefs

• More than 100 new merchants have signed a letter to U.S. House of Representatives leaders, bringing the total to 768 since the letter began circulating in November, urging them not to repeal the Dodd-Frank Act’s Durbin Amendment, which put a cap on debit card interchange and set debit transaction-routing requirements. Dodd-Frank is …

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Payment Alliance International Buys ATM Operator and other Digital Transactions News briefs

• Processor and retail ATM operator Payment Alliance International acquired Avery Scott LLC, operator of 400 ATMs in the Louisville, Ky., area. PAI, whose network has more than 74,000 ATMs, will retain Avery Scott’s employees and affiliates. Terms of the deal were not disclosed. • E-commerce marketplace Shop.com has contracted with processor World First USA …

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Could Consumers Finally Embrace Mobile Payments ‘In a Big Way’ in 2017?

It’s been said for years, but 2017 finally could be the year for mobile payments, according to Chetan Sharma, a prominent consultant in the mobile-technology space. “Fueled by demonetization in India and the rise of viable mobile-payment solutions worldwide, we expect mobile payments to enter the consumer consciousness in a …

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PayByPhone Acquired by Volkswagen and other Digital Transactions News briefs

• Automaker Volkswagen AG has acquired PayByPhone Technologies Inc., according to press reports. A unit of U.K.-based payments processor PayPoint plc, Vancouver-based PayByPhone offers a platform for mobile payments for parking and claims 12.5 million users in North America, Europe, and Australia. The company handles more than $300 million in parking payments annually, according …

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A Majority of Deployers Say ATM Crime Isn’t Rising, but Fraud Still Remains a Problem

ATM deployers reporting a “general increase” in physical and fraudulent attacks on their machines declined to 42% this year from 51% in 2015, according to new data from the ATM Industry Association. While that overall finding was good news, skimming, PIN compromises, malware, and other types of fraud-related attacks on ATMs remain …

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U.K. Agency Looks into ATM Maker Merger and other Digital Transactions News briefs

• The United Kingdom’s Competition and Markets Authority issued a provisional finding that the August acquisition of Germany’s Wincor Nixdorf AG by U.S.-based ATM manufacturer Diebold Inc. “risks a substantial lessening of competition … in the market for the supply of customer-operated ATMs in the U.K.” The new company name is Diebold Nixdorf. The CMA …

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1 Billion Yahoo Accounts Breached and other Digital Transactions News briefs

• Yahoo! Inc. disclosed Wednesday a breach of more than 1 billion user accounts in August 2013 that is separate from one involving 500 million accounts the Web giant announced in September. Yahoo said the new breach involved names, email addresses, birth dates, secure passwords, and security questions and answers, but did not …

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Bill Pay, Mobile Deposit Among the Most Popular Features of Banks’ Mobile Apps

Bill payment continues to reign as the most-used payments feature of banks’ mobile apps, but mobile deposit and person-to-person payments are coming on strong, according to new findings from research firm Celent and FI Navigator Corp. The “Mobile Banking Quantified” study by Celent, a division of New York City-based of Oliver …

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