“Azimut, a self-service solutions provider specializing in kiosks for banks and telecoms, recently debuted its Reverse ATM, a self service kiosk that helps customers convert cash into an active EMV card that they can start using right away, according to a press release.”

“NCR Corporation (NYSE: NCR), a global enterprise technology provider, today announced that it has closed its transaction with Cardtronics (NASDAQ: CATM)…Cardtronics is now a wholly owned subsidiary of NCR. NCR can begin integration after regulatory approval from the Competition and Markets Authority of the United Kingdom.”

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced today a new agreement with Capital One that will offer customers secure, convenient, surcharge-free access to their funds at thousands of ATMs across the nation. The agreement will add more than 1,500 Capital One ATMs at Capital One branches, Cafés and select off-site locations to the MoneyPass® ATM network from Fiserv, one of the largest surcharge-free networks in the country.”

“NCR Corporation (NYSE: NCR), a banking software and services leader, announced today the release of NCR’s next-generation ATM software platform, NCR Activate Enterprise NextGen. Available now in the United States, the Activate Enterprise NextGen ATM platform makes it easier and faster to offer new digital services through the ATM by integrating physical and digital for a consistent customer experience.”

“JPMorgan Chase & Co. approached the U.S. Postal Service earlier this year about a deal to place ATMs in some of its locations. The exploratory conversations are still preliminary and began before the coronavirus pandemic swept the nation, according to JPMorgan spokeswoman Trish Wexler. The talks were initiated by the bank’s real estate team as part of a broader effort to find space for automated teller machines in locations across the country, according to a person briefed on the plans. JPMorgan for the past two years has been pursuing the biggest expansion of its consumer bank in a decade, opening hundreds of branches in new states to attract customers and boost lending.”

“Diebold Nixdorf, which had sales of $3.3 billion from ATM sales and service last year, is warning stores, banks, and other customers of a new hardware-based form of “jackpotting,” the industry term for attacks that thieves use to quickly empty ATMs. The new variation uses a device that runs parts of the company’s proprietary software stack. Attackers then connect the device to the ATM internals and issue commands. Successful attacks can result in a stream of cash, sometimes dispensed as fast as 40 bills every 23 seconds. The devices are attached either by gaining access to a key that unlocks the ATM chassis or by drilling holes or otherwise breaking the physical locks to gain access to the machine internals.”

“Through the partnership, Travelex will expand the card schemes available across its 1,050-strong ATM network. The company will use TNS’ managed hosting service to maintain its Switch transactions and will now accept JCB, Discover, DCC, and UnionPay cards. TNS’ hosted managed service will support ATM transactions for local and foreign currencies as well as dynamic currency conversion. Prior to this new agreement, Travelex used an in-house service to handle transactions, combined with TNSLink ATM communications for ATM“

“Under the five year contract with LINK Scheme and its 38 Members, VocaLink will provide ATM switching and settlement services and will support the processing of over 70,000 ATMs connected to LINK in the UK and across Europe. The LINK ATM network allows people to easily access cash and other services, with over 97% of all LINK transactions being free. Over the past 12 months, LINK ATM transactions have risen to over 3.2 billion, the highest levels seen so far in the UK.”

“Those pesky ATM fees have climbed to a record high, and the pace of increases may soon accelerate. The average surcharge that ATM operators charge non-customers to withdraw cash rose 2% over the past year to $3.09, the 15th straight year of increases, according to a July survey by Bankrate.com. The good news is that the average fee charged by the customer’s own bank for using a foreign ATM dipped 2% to $1.63, the second straight annual decline. All told, the average total cost for an ATM withdrawal still hit a record $4.72, up 3.3% over the past three years and 33% the past decade, the Bankrate survey shows.”

“While no one today believes ATMs are going away, their future no longer resembles the clear path that opened in 1969. Virtually every bank and all but the smallest credit unions now have their own ATMs, and non-bank ATMs can be found in every high-traffic retail location. And the continued increase in credit and debit card payments along with new mobile-payment services has cut into the use of cash.”

“The most recent study found that contrary to some expectations, cashless acceptance not only does not cannibalize cash sales, but actually boosts them. In addition, cashless technology drove top line sales growth more for low-performing machines (generating less than $2,000 a year in sales) on a percentage basis than for higher-performing machines. The M.S.U. study measured performance in 250,000 machines over an 18-month period following cashless deployment and found cashless sales increased by 131% in low-performing machines compared to 78% of all machines studied. Cash sales improved by an average of 97% in the low-performing machines during that period, compared to 17% for all the machines.”

“The number of ATMs around the world fell for the first time last year as banks closed branches and redirected resources toward digital payments, consulting firm RBR said in a study released Monday. Declines in four of the world’s five largest markets — China, the U.S., Japan and Brazil — drove the 1% drop in ATMs in 2018. In the fifth, India, “growth slowed considerably,” London-based RBR said.    Bank customers are increasingly turning to their mobile phones for routine financial services, forcing banks to rethink the balance between physical and digital strategies. JPMorgan Chase & Co. , the biggest U.S. bank, cut back its branches by 2% last year while earmarking $10.8 billion for technology. The lender saw a 5% increase in active digital customers, and an 11% gain in active mobile customers.”

“Cardtronics , the world’s largest ATM owner and operator, has completed integration with FIS Cardless Cash. Currently, 11,000 ATMs have been enabled and an additional 8,000 ATMs are to be readied for cardless withdrawals over the next several months. Cardless Cash leverages the FIS Mobile Banking app to allow consumers to withdraw funds without having to use a plastic card.”

“Withdraw Cash Wednesday is a nationwide movement encouraging consumers to get cash from ATMs on Wednesdays for weekly spending as a means of financial control. The Withdraw Cash Wednesday movement was spurred by widespread consumer interest in the initial Withdraw Cash Wednesday holiday held in 2017.”