Cennox acquires Diebold UK & Ireland business
Following the ruling of the UK’s Competitions and Markets Authority (CMA), Diebold Nixdorf has shed some of its business. Diebold UK & Ireland has been sold to Cennox.
ATM
Case study: Valley National Bank – cloud atlas
Valley National Bank, a $23 billion regional bank holding company headquartered in northern New Jersey, is undertaking a widespread technology refresh to improve customer experience and profitability.
ABN Amro and ING lead charge for Dutch ATM survival
ABN Amro, ING, Rabobank and Geldservice Nederland (GSN) have teamed up to explore a potential initiative to ensure the availability of ATMs in the Netherlands. These discussions are being conducted in consultation with the nation’s central bank, De Nederlandsche Bank (DNB), and draw upon “successful initiatives” in Sweden and Finland. With the rise of digital […]
NCR makes it nice and Eazy for Bahrain’s biometric payments
Bahrain-based Eazy Financial Services will launch the region’s “first” biometric payment network powered by NCR. Consumers will be able to register their fingerprint through any bank linked to Eazy’s network and then use that at any device (ATM or POS) to start a transaction rather than using a card. In the first phase, NCR will […]
SIX and Credit Suisse play same game with ATM software launch
SIX and Credit Suisse have unveiled ATMfutura – a cash dispenser which displays the same user interface and guidance on all ATMs in Switzerland. SIX and its partners were commissioned by Swiss banks to develop the centralised multivendor software and it is planned to function on all bank ATMs in the alpine nation from 2018. […]
India seeks to avoid ATM tears from WannaCry ransomware
The Reserve Bank of India (RBI) is telling the nation’s banks to operate their ATM networks only after the machines receive a Windows update to protect them from the WannaCry ransomware affecting systems across the globe. The computer malware has spread across 150 countries and takes over users’ files with a demand of $300 to […]
Executive profile: one on one with Joan Herman, Sunrise Banks
She witnessed the rise of electronic transactions and worked on the first shared ATM network card. Now this self-proclaimed pioneer woman has her sights set on prepaid and a mobile future.
Comedy comes to cash machines for Comic Relief
A man walks into an ATM. It sounds like the beginning of a joke, and well it could be as Comic Relief, one of the UK’s biggest charity fundraisers, is getting help via interactive comedy on cash machines. ATM marketing firm i-design and Cardtronics UK are donating advertising space on cash machine screens to promote […]
Diebold Nixdorf in major deal with Russia’s Post Bank
Russia-based Post Bank, a joint venture of VTB Group and Russian Post, has purchased 3,200 self-service cash recycling systems (plus software and services) from Diebold Nixdorf.
DirectCash Bank to overhaul core banking tech with Smartsolution’s Universa
Canadian banking tech vendor Smartsolution has gained a new taker for its Universa core banking suite, DirectCash Bank (DCBank).
Barclays’ banking takes weekend off
Customers at Barclays Bank suffered a worrying weekend due to problems with cash machines, debit cards and phone banking. At 2pm (UK time) on 25 February, Barclays become aware of the issues and advised customers to use other banks’ cash machines. The customers would probably have worked that out for themselves. Technical issues are affecting […]
Clean sweep for NCR Interactive Teller tech in US
Alaska-based Matanuska Valley Federal Credit Union (MVFCU) has begun deploying NCR Corporation’s Interactive Tellers at its branch locations – meaning its machines are being used in every US state. The ATM lets users interact with their financial institution’s remotely located video teller via video and audio. NCR says this tech is of “particular value to […]
Global ATM hacker gets eight years in prison
The ringleader of three highly organised, global cyberattacks on ATMs resulting in $55 million in losses has been sentenced to eight years in prison and ordered to pay more than $55 million in restitution, reports Banking Technology‘s sister publication Paybefore. Turkish citizen Ercan Findikoglu had pleaded guilty last March to computer intrusion conspiracy, access device […]
Global ATM Hacker Sentenced to 8 Years in Prison
The ringleader of three highly organized, global cyberattacks on ATMs resulting in $55 million in losses was sentenced Feb. 10 to eight years in prison and ordered to pay more than $55 million in restitution.
Blockchain and Bitcoin round-up: 13 February 2017
Being quick does the trick. A round-up of key blockchain and Bitcoin events. Berlin-based blockchain start-up, Bit Trust Services, has opened its Bitcoin-Bank in Vienna, Austria. The bank’s ATMs exchange Bitcoin for euro, and vice versa. Vienna is no stranger to the virtual currency as three years ago it got its first bitcoin ATM and […]
Blockchain incubator Adel unveils P2P retail banking network
Blockchain incubator Adel has unveiled its project framework for people to create a peer-to-peer (P2P) network in retail banking. The firm says it will work in the “same way as Airbnb and Uber revolutionised the hospitality and taxi industries”. “Anyone with a car can be a taxi. Anyone with accommodations can be a hotel. Anyone […]
It’s time to talk ATM 2.0
The ATM is one of the most recognised and trusted pieces of technology on the high-street, but as it too has come under pressure from the wave of digitalisation sweeping almost every aspect of our everyday lives. The humble ATM is no longer a single physical touch point…
Top fintech stories this week – 28 October 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! HSBC Private Bank live with Avaloq Banking Suite EXCLUSIVE. It’s on in Switzerland and Luxembourg. European Association for Biometrics conference Eyes down for our event review. New challenger bank to launch in UK Hampshire Community Bank wants a […]
Co-op turns cop in ATM crime coup
The UK-based Co-op has teamed up with forensic technology company SmartWater to roll-out a new deterrent linking criminals back to the scene of an ATM crime. In a “first of its kind”, SmartWater have adapted their dispersal technology to ensure that both the criminals and the stolen cash are marked, regardless of how the ATM […]
Top fintech stories this week – 21 October 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Bank of Ireland in major tech revamp EXCLUSIVE. Accenture and Capgemini working on Project Omega. Trouble in the R3 paradise? Thinking about time and money. Millions at risk from India ATM hack Debit cards in danger due to […]
Millions at risk from India ATM hack
ATMs at some of India’s biggest banks have suffered a malware attack, with around 3.2 million debit cards now at risk. Most of the affected cards belong to HDFC Bank, ICICI Bank, State Bank of India (SBI) and Yes Bank. The malware potentially means unauthorised individuals can get access to the data on debit cards […]
Ujjivan converts into small finance bank; picks FSS for “payments in a box”
India-based microfinance entity Ujjivan Financial Services is converting into a small finance bank (SFB), and has signed for Financial Software and Systems’ (FSS) end-to-end payments solution.
Deloitte launches its first Bitcoin ATM
Deloitte has unveiled its first Bitcoin ATM in its Toronto office in Canada – as it looks to promote cryptocurrency technology. The Toronto office, home to its Rubix blockchain division, initially offered the bitcoin ATM to employees only. But this was quickly followed by a public launch. Deloitte’s Rubix strategy director, Iliana Oris Valiente, says […]
Top fintech stories this week – 19 August 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! New core banking project for Temenos in Canada Exclusive. Credit union in British Columbia goes for T24. Swift slow on strong security say execs “Took their eye off the ball.” Volksbank pioneers NCR Innovation Experience Room An “experimental […]
Volksbank eG pioneers NCR Innovation Experience Room
NCR Corporation has introduced “a completely new concept” – NCR Innovation Experience Room – an “experimental playground” for financial institutions to “build digital literacy among employees and customers”. Germany-based Volksbank eG Schwarzwald Baar Hegau has become the first taker. It has introduced an experiential room where customers and employees can discover and experience new technologies. […]
NCR Interactive Teller tech passes 300 milestone
NCR Corporation has revealed US-based Bank of Oak Ridge and Gorham Savings Bank are the latest financial institutions (FIs) to deploy its Interactive Teller technology – taking the total number of customers beyond 300. With the tech, consumers can interact via video and audio with their banks’ remote-based video teller. NCR says its software gives […]
Diebold completes Wincor Nixdorf acquisition
ATM maker Diebold has completed its $1.8-billion acquisition of Wincor Nixdorf. As Banking Technology reported in March, US-based Diebold announced it had met the tender condition for its German rival Wincor Nixdorf. The combined organisation will begin operating as Diebold Nixdorf tomorrow (16 August). The market share of the combined company will be about 35%. […]
Fexco and Encash partner for Philippines “first-ever” mobile cash withdrawal
Ireland-based Fexco has teamed with Electronic Network Cash Tellers (Encash) to launch the “first-ever” mobile cash withdrawal solution in the Philippines. Through Encash’s customer network, Fexco says its EasyDebit solution will be able to serve 75 million BancNet cardholders, allowing them “easier access” to cash across the Philippines. Fexco says the Philippines is a cash-centric […]
Wells Fargo and NCR partner for retail banking innovation
NCR Corporation and Wells Fargo have established a team focused on research and development in ATM and retail banking customer experience. Over the past eight years, NCR and Wells Fargo have worked together on other projects. These range from cash- and check-processing to self-service devices. The latest agreement expands the relationship to a “more strategic […]
FIS and PAI eye cardless cash expansion in US
FIS and Payment Alliance International (PAI) have teamed up to offer cardless cash services across the US. The partnership connects mobile solution FIS Cardless Cash to PAI – the nation’s “largest”, privately-held provider of ATM processing and maintenance services. FIS says the deal will “ultimately” expand to 70,000 ATMs in the PAI ATM network. Anthony […]
Japan raises security after ¥1.8bn taken from ATMs
Japan’s Seven Bank has improved security for ATM withdrawals following Japanese banks losing JPY 1.8 billion ($16.8 million) through fake overseas cards. Banks across the island nation are rushing to deal with the fraud, and Seven Bank which operates ATMs in the 7-Eleven convenience store chain, has cut its withdrawal limit to JPY 50,000 ($468) […]
Amazon Web Services outage causes digital banking problems in Australia
A technical outage of the Amazon Web Services (AWS) cloud this weekend left many customers of Australian banks unable to use cards, ATMs and Eftpos terminals. The banks affected include Westpac, ME Bank and Commonwealth Bank of Australia (CBA). Some also pointed the finger of blame at payment providers such as First Data. Just a […]
Oman Arab Bank opts for BPC’s SmartVista for payments
Oman Arab Bank (OAB) has selected BPC Banking Technologies’ SmartVista suite for its payment business. SmartVista will replace the existing legacy platform, ACI Worldwide’s Open2. BPC says following a review and bid process, OAB selected its suite over ACI Worldwide and HPS. Fahd Amjad, GM retail banking at Oman Arab Bank, says the partnership with […]
Reserve Bank of India pushes for ATM revamp
The Reserve Bank of India (RBI) plans an overhaul of the country’s ATMs to enable the processing of EMV chip and PIN cards by 2017. The RBI says while India’s POS infrastructure accepts and processes EMV chip and PIN cards, the ATM infrastructure, “on the whole”, continues to process card transactions based on data from […]
VocaLink signs ATM deal with UnionPay
VocaLink, the payment systems provider, has signed a five-year deal with China’s UnionPay International, which will enable UnionPay cardholders to access ATMs in the UK and continental Europe. Under the deal, VocaLink will provide ATM transaction processing and UnionPay sponsored access. VocaLink says on average, the value of UnionPay card withdrawals from UK ATMs are […]
NCR and Huntington Technology Finance team up for ATM lease financing
NCR Corporation (NCR) has signed a strategic alliance agreement with US-based Huntington Technology Finance to provide lease financing for NCR ATMs, including “ATM-as-a-Service” type options, for financial institutions (FIs). The new relationship gives FIs a single, monthly (or quarterly) payment for their NCR equipment, deployment, service, administration and software. Gordon Fraser, remote services management director, […]
Turkey launches new card payment system, TROY
Turkey has introduced its own card payment system, called TROY, and the nation is setting its sights on becoming a cashless society by 2023. Speaking at the launch, Dr Soner Canko, general manager of the Interbank Card Center (BKM) in Turkey, said: “Many countries around the world, from Canada and Italy to South Korea and […]
VocaLink signs UK’s largest ever ATM processing deal with LINK
VocaLink, the payment systems provider, has signed a five-year deal to provide “exclusive” processing for the LINK ATM network. The deal is the UK’s largest ever ATM processing deal and is expected to deliver over 16 billion transactions. Under the five-year contract with LINK Scheme and its 38 members, VocaLink will provide ATM switching and […]
Diebold and Wincor Nixdorf merger on track, creates world’s largest ATM maker
ATM maker Diebold says it has met the tender condition for Wincor Nixdorf shares as part of a $1.8-billion acquisition. Last year, US-based Diebold agreed to buy out its German rival. The deal will see the creation of an ATM titan worth about $5 billion in sales and give Diebold a stronger presence in Europe. […]
Sberbank Kazakhstan opens way to cardless cash withdrawals
Sberbank Kazakhstan and OpenWay have launched a cardless cash withdrawal service on the Way4 platform. The bank’s customers can now get cash at more than 900 ATMs without a card. Instead, a “secret” code is entered at the ATM. The new “cash by code” functionality was developed by OpenWay together with an unnamed third party […]
