Digital Transactions Authoritative, insightful and timely information for payments professionals
The nascent market for electronic transactions in self-service machines should get a sizable boost from a Federal Reserve rule change set to go into effect Aug. 6, an industry observer notes. The rule change could also foster the development of contactless transactions at these machines, laying the groundwork for payments …
Read More »Visa Champions Fed Proposal on Receipts for Small-Ticket Transactions
Small-ticket electronic transactions, particularly those at unattended machines, may get a boost with a proposal that would relax a provision of Regulation E regarding receipts for consumers. The Federal Reserve Board this week requested public comment on the proposal, which would exempt transactions of $15 or less from Reg E's …
Read More »TIO Plans To Start Hybrid ATM-Kiosk Deployments by Start of ’07
The concept of an ATM that also serves as a kiosk for bill payment and other financial services may be getting closer to reality. TIO Networks Inc., a Burnaby, B.C.-based operator of bill-payment kiosks that serve primarily the underbanked, will begin deploying hybrid ATM-kiosk machines by the start of 2007, …
Read More »Networks Begin to Make a Case for Cards at Vending Machines
Transaction Network Services Inc., which is routing wireless card transactions for Pepsi Co. at 500 vending machines, plans to boost that count to 10,000 machines across the country in 2007. TNS executives tell Digital Transactions in a story for the upcoming July-August issue that higher transactions tickets are helping to …
Read More »Why Info Touch Sees Benefits in 40-ATM Pilot with Cardtronics
The idea of merging financial-services kiosks with ATMs will be tested this spring when Info Touch Technologies Corp., operator of the TIO kiosk network, and ATM deployer Cardtronics Inc. begin driving some 40 machines specially fitted to dispense cash withdrawals and perform kiosk functions such as bill payments. The machines …
Read More »Report: Transaction Kiosks Will More Than Double by 2009
The installed base of ATM-like machines that allow consumers to pay bills, cash checks, top up prepaid wireless cards, and perform other financial transactions is set to explode as retailers and banks seek ways to serve the population of unbanked and underbanked customers, a new research report says. Indeed, the …
Read More »A Trade Group for ATM Servicers Asks for Diebold Injunction
The Financial & Security Products Association, Albuquerque, N.M., has filed a motion for a preliminary injunction against Diebold Inc. as part of an antitrust suit the 307-member trade group filed in October against the North Canton, Ohio-based ATM manufacturer. The motion asks Judge William H. Alsup of the U.S. District …
Read More »TechTrans Begins Service to Deliver and Install ATMs for Makers
Technical Transportation Inc. announces it has added ATM support to its delivery service for high-value, heavy machines. The 15-year-old company, based in Dallas, says it will now deliver, install, and test ATMs, bringing them from manufacturer to location and working through a network of agents and technicians. The company says …
Read More »Vero Launches Network to Cut Risk of Cashing Checks for the Unbanked
There are 25 million people in the U.S. who have a regular income but don't have a bank account, says Vero Financial Group, Lake Oswego, Ore., and now the 2-year-old company has developed a card-based, biometric system to cash checks for this market that cuts transaction time and cost while …
Read More »Northwest Doubles Web-Based Ticket Sales in 2004
Northwest Airlines Inc. is enjoying a breakthrough year in electronic ticket sales. The St. Paul, Minn.-based air carrier, the fifth largest in the world, is booking between $4 million and $6 million a day in ticket sales through its Web site, twice the volume the airline's site accounted for a …
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