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In this age of mobile payments, online commerce, and millions of places to use plastic payment cards, cash remains highly relevant and popular with consumers, the nation’s leading retailer ATM network insists. Houston-based Cardtronics Inc. on Thursday released results of a survey showing that consumers use cash far more than …
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ATM Operators Prepare for the EMV Liability Shift
With the POS conversion in progress, the next step is to accommodate EMV chip cards in ATMs. That will require planning, money, and expertise. With the EMV liability shift for the point of sale well under way, the next big step in the transformation of the U.S. payment industry …
Read More »Why ATM Surcharges Defy Gravity
Bankrate Inc. is out with its latest survey of checking account fees, and once again the results show that increases in ATM surcharges are outpacing inflation, which is running at less than 2%. ATM surcharges rose 4% to an average of $2.88 this year from $2.77 in 2014, while foreign …
Read More »Diebold in Talks To By German ATM Maker Wincor Nixdorf for $1.8 Billion
Diebold Inc., the second-largest U.S.-based ATM manufacturer after NCR Corp., disclosed over the weekend that it is in discussions to buy Paderborn, Germany-based ATM maker Wincor Nixdorf AG. North Canton, Ohio-based Diebold issued a statement Saturday confirming that it has a non-binding agreement with Wincor Nixdorf “regarding the key parameters of …
Read More »ATM Surcharges and Foreign Fees Are Up 4% to New Records, Bankrate Survey Finds
ATM surcharges rose 4% to an average of $2.88 this year from $2.77 in 2014, while foreign fees increased 3.8% to $1.64 from last year’s $1.58, Bankrate Inc. found in its latest annual study of checking account fees. Together, the two fees total $4.52, another new record and up 3.9% …
Read More »Does a ‘Shimmer’ on a Mexican ATM Portend a Fraud Threat to U.S. EMV Chip Cards?
A variant of a skimming device called a “shimmer,” which steals EMV chip card data, has been found on an ATM in Mexico, raising security questions as the United States converts to the EMV standard. The shimmer incident was first disclosed Tuesday by security reporter Brian Krebs of the KrebsOnSecurity …
Read More »Appellate Court Reinstates ATM Fee Lawsuit Against Visa and MasterCard
A federal appellate court on Tuesday reinstated a proposed class-action lawsuit over ATM pricing rules that independent ATM operators and consumers filed against Visa Inc. and MasterCard Inc. in 2011 but a district court dismissed in 2013. The ruling originated with three lawsuits filed by the National ATM Council Inc., …
Read More »Cardtronics To Lose Its Biggest Customer as 7-Eleven Shifts ATM Operations to Affiliate
By Jim Daly Retail ATM network owner and manager Cardtronics Inc. reported Tuesday morning that its biggest merchant customer, Dallas-based 7-Eleven Inc., picked a corporate affiliate to run its U.S. ATM fleet when the leading convenience-store chain’s 10-year placement contract with Cardtronics expires in July 2017. 7-Eleven accounted for 17.5% …
Read More »Eye on Security: NCR Warns of New ATM Attack Method; Breach Suspected at Theme Park
Leading ATM manufacturer NCR Corp. this week issued a warning about a new variant of card skimming that gives an ATM user no clue that the machine’s card reader is stealing debit card information. Meanwhile, a report says payment cards used at a theme park in Hershey, Pa., may have …
Read More »Eye on ATMs: BMO Harris Bank’s New Cardless App; Diebold Buys Software Maker
Chicago-based BMO Harris Bank on Monday unveiled a mobile app for cardless ATM cash withdrawals and claimed it has the nation’s largest network of ATMs configured for smart-phone-based withdrawals. Meanwhile, ATM manufacturer Diebold Inc. said it bought a Canadian software company as part of a strategy to offer more software-based …
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