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Leading retail ATM network owner Cardtronics Inc. has already found banks ready to put their brands on 40% of the Cardtronics ATMs that until recently bore the JPMorgan Chase & Co. brand, chief executive Steve Rathgaber told analysts Wednesday. Chase informed Houston-based Cardtronics about three months ago that it planned …
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Most ATM ISOs Moving To Upgrade Their Machines Before 2016 Liability Shift
Sixty-one percent of respondents to a recent ATM Industry Association survey said that 76% to 100% of the ATMs they operate will be ready for the Europay-MasterCard-Visa (EMV) chip card liability shift that takes effect in October 2016, the trade group of ATM independent sales organizations and retail ATM operators …
Read More »Multiple Waves of Upgrades Keep ATM ISO Dolphin Debit Busy As Growth Sizzles
The expense of managing multiple upgrades to fleets of ATMs has small banks and credit unions turning to companies like Houston-based Dolphin Debit for help. Dolphin Debit, which manages more than 1,000 ATMs for more than 200 financial institutions and at several Murphy USA locations in 10 states, says its …
Read More »Security Firm Predicts Hackers Will Target Apple Pay and ATMs in 2015
What’s that big, juicy new target out there for cyber-hackers? Apple Pay, of course. And don’t forget ATMs, either, since many deployers have yet to upgrade machines running old, increasingly vulnerable versions of Microsoft Corp.’s Windows XP operating system. Apple Pay and ATMs are included on Woburn, Mass.-based data-security services …
Read More »ATM And Overdraft Fees Set Records—Again
Driven mostly by higher surcharges, average out-of-network ATM fees set a record in 2014 for the eighth straight year. Plus, the average overdraft fee, now $32.74, set a record for the 16th consecutive year, according to Bankrate Inc.’s annual study of checking-account pricing. Total out-of-network ATM fees are up 5.3% …
Read More »Here Come the Bitcoin ATMs
Enthusiasts are betting Bitcoin ATMs will be the next step in taking the digital currency from monetary curiosity to mainstream acceptance. Since the first Bitcoins were mined in 2008, evangelists for the fledgling digital currency have dreamed of making Bitcoin as ubiquitous as dollar bills. To say the least, the …
Read More »Cardtronics’ New Skyscraper ATMs Link a Mobile App With Merchant Rewards
Retail ATM network owner and operator Cardtronics Inc. is testing ATMs as tall as nine feet that offer discounts to consumers when they withdraw cash at stores with Cardtronics machines and then make a purchase using a smart-phone app to access the reward. The ATMs and rewards are part of …
Read More »Banks’ Out-of-Network ATM Fees and Overdraft Fees Again Set Records
By Jim Daly Average out-of-network ATM fees set a record in 2014 for the eighth straight year by rising 5.3% to $4.35 per transaction, well above a 1.5% increase in 2013 but close to their 17-year average, according to Bankrate Inc.’s annual study of checking-account fees. Overdraft fees set a …
Read More »Durbin Routing Rules Should Apply to ATMs, ATMIA Urges in Meeting with Fed
The ATM Industry Association met today with members of the Federal Reserve staff to discuss making ATM debit transactions subject to the routing requirements of the Durbin Amendment to the 2010 Dodd-Frank Act. The association, which represents ATM independent sales organizations and other retail deployers, wants the provision because it …
Read More »Making a Decent Profit Gets Tougher for Retail ATM Deployers
Non-bank ATM operators, which run an estimated 52% of the nation’s approximately 412,000 ATMs, are struggling to maintain profitability as revenues come under pressure and costs continue to rise, according to a recent study of U.S. ATM deployers by Tremont Capital Group Inc. and the ATM Industry Association. On the …
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