Tagged: atms

September 9, 2020 @ 10:30 pm By Omar Faridi  |  

Fintech firm RapiPay, a subsidiary of Capital India Finance, revealed on September 8, 2020, that it’s planning to install 500,000 micro ATMs (mATMs) in the country during the next two years. RapiPay uses a franchised retail network to offer banking business correspondents (BCs) services. The… Read More

July 16, 2020 @ 10:09 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published draft guidance on their expectations for banks and availability to cash in a market that is seeing a growing number of bank branches closing and ATMs going away. The regulator states that it wants to ensure that… Read More

June 10, 2020 @ 8:42 pm By Omar Faridi  |  

Caixabank, a retail banking group in Spain, will be introducing facial recognition technology at 100 ATM locations across the country. The bank’s customers will be able to make withdrawals without having to enter their PIN codes. Facial recognition tech is also being used at the… Read More

May 17, 2020 @ 11:49 pm By Omar Faridi  |  

Ripple company partner and investor, SBI Holdings, is planning to integrate the Fintech firm’s technology, in order to process transactions via ATMs throughout Japan. SBI’s management noted in its recent financial report that it will integrate the Ripple technology-based settlements solution, MoneyTap, with ATMs operated… Read More

May 3, 2020 @ 8:40 am By Omar Faridi  |  

The Coronavirus (COVID-19) outbreak has dramatically affected cash transactions in the United Kingdom, as ATM withdrawals dropped by 60% during the lockdown period. Approximately 75% of UK residents confirmed that they’re not handling physical currency notes nearly as much as they were before the ongoing… Read More

March 8, 2020 @ 6:57 pm By Omar Faridi  |  

Branch, a banking challenger that works cooperatively with employers to assist Americans in growing financially, has partnered with Cardtronics (CATM) and its Allpoint Network, in order to give Branch’s clients surcharge-free access to cash at Allpoint ATMs based in the US. According to a press… Read More

November 17, 2019 @ 11:33 pm By Omar Faridi  |  

Cashless or digital payments have become increasingly popular, however, cash still remains a widely-used payment method in most nations, especially in rural communities and jurisdictions with a large unbanked population. Following many years of steady growth, the total number of cash withdrawals made via ATMs… Read More

December 27, 2018 @ 2:05 pm By Samantha Hurst  |  

Bank of America (BoA) has officially filed a new patent for its blockchain-powered ATMs. According to the patent, which was notably filed on December 25th (Christmas Day), the cash handling device will be able to utilize blockchain technology and/or other secure communications technology to facilitate operations. It was… Read More

July 10, 2017 @ 3:34 pm By Samantha Hurst  |  

Coinsource, a bitcoin ATM network, announced on Monday it launched five new machines in Phoenix Metropolitan Area, marking its first venture into Arizona. According to the company, the bulk installation caps off a strong first and second quarter, with it installing 50 machines so far… Read More