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September 3, 2021

On the web

Toronto Blue Jays Stadium Introduces Reverse ATMs for Fans


“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.”

June 21, 2021

On the wires

NCR Completes Transaction With Cardtronics

“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.”

May 12, 2021

On the web

Asym Capital Raises $15MM for ATMs

Digital Journal

Asym Capital (Asym) , a private equity group in Los Angeles, CA recently announced that they had placed over $15,000,000 in the ATM business over the last few months. Asym’s founder, Hunter Thompson, is confident that the ATM business isn’t going anywhere anytime soon, despite the recent discussions surrounding government-issued digital currencies.Read more: https://www.getnews.info/1128294/asym-capital-raises-15mm-for-atms.html#ixzz6uepc3eoz

April 7, 2021

On the web

Brink’s Acquires Biggest Privately Held Provider of ATM Services in U.S. PAI Inc.


“The Brinks Co. BCO, -0.91% said Tuesday it has acquired PAI Inc., the biggest privately held provider of ATM services in the U.S., for $213 million…”A primary goal of Brink’s Strategy 2.3 is to offer ATM solutions integrated with other Brink’s solutions to provide complete, end-to-end cash management,” the company said. The deal brings the company a platform of ATM services and more than 100,000 ATM service locations in the U.S. In Europe, Brink’s will take full ownership and provide managed services to financial institutions for more than 11,000 ATMs.”

February 19, 2021

On the web

Covid-19: Contactless ATM Withdrawals Go Mainstream

Finextra Research

“Covid-19 has accelerated the trend towards contactless cash withdrawals in Switzerland, according to SIX, which says that more than a third of machines in the country are now equipped with QR code readers while another 20% have NFC readers. The number of ATMs that offer contactless cash withdrawals has been on the rise for some time, jumping 26% worldwide in 2019.”

January 11, 2021

On the web

WSJ News Exclusive | NCR in Talks to Buy Cardtronics

Wall Street Journal

“NCR Corp. is in talks to buy Cardtronics PLC , according to people familiar with the matter, seeking to snatch it away from a pair of investment firms including private-equity giant Apollo Global Management Inc . that earlier agreed to buy the ATM operator. Cardtronics said Thursday it had received an unsolicited bid worth $39 a share and that it had entered into discussions with the suitor, which it didn’t name. The new bidder is NCR, the people said.”

On the wires

Fiserv Expands Surcharge-free MoneyPass ATM Network to Capital One Customers

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.”

December 15, 2020

On the wires

Cardtronics Enters into Definitive Agreement to be Acquired for $35.00 per share by Funds Affiliated with Apollo Global Management and Hudson Executive Capital

“Cardtronics plc (Nasdaq: CATM) (“Cardtronics” or the “Company”), the world’s largest ATM owner/operator, today announced that it has entered into a definitive agreement with funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) and Hudson Executive Capital LP (“Hudson Executive”) to be acquired for $35.00 per share in cash.”

November 24, 2020

On the wires

Payment Alliance International Adds Bitcoin to Cash Capabilities

“Payment Alliance International ( PAI ), the U.S. leader in ATM portfolio management tools and services, today announced it has entered into a strategic partnership with B4U Financial to better serve liquidity needs of the fast-growing cryptocurrency market. PAI’s nationwide fleet of ATMs will be equipped with BitLoad4U (B4U) capabilities, including the ability to redeem bitcoin for cash at ATMs using any cryptocurrency mobile wallet. B4U Financial’s global processing network will be used to manage authorization, clearing and settlement, providing a safe, secure, convenient and reliable way to liquidate bitcoin into fiat currency and receive funds at ATMs.”

October 6, 2020

On the wires

August 19, 2020

On the web

JPMorgan Held Talks With Postal Service About Leasing Space for ATMs

Bloomberg (paywall)

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.”

July 20, 2020

On the web

Crooks Have Acquired Proprietary Diebold Software to “jackpot” ATMs

Ars Technica

“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.”

June 10, 2020

On the web

CaixaBank Rolls Out Facial Recognition ATMs Across Spain

NFC World

“Spain’s CaixaBank is to deploy ATMs equipped with facial recognition technology nationwide “with the goal of offering a better user experience and greater security in transactions, particularly in the context of Covid-19”. “The system is the first launched by a financial institution on a global level that allows users to withdraw money by simply recognising them from the image captured by the terminal’s camera, meaning they do not have to manually enter their PIN,” the bank says.”

February 28, 2020

On the web

Brink’s Acquires Non-branch ATMs From AIB

Mobile Payments Today

“Brink’s has agreed to buy more than 500 remote ATMs from Allied Irish Bank. The agreement comes about a month after AIB and Bank of Ireland put their non-branch ATMs on the market.  “Expanding our offerings to include full-service management of ATM networks aligns with our strategic goals,” Doug Pertz, president and CEO of Brink’s, in a release from the company. “I am confident we will deliver exceptional ATM services in the Republic of Ireland.”

February 18, 2020

On the wires

Cardtronics Allpoint+ ATMs Now Enabling Customers to Add Cash to Their Amazon Balance With Amazon Cash


Cardtronics , the world’s largest ATM operator, today announced that Amazon customers can now complete Amazon Cash transactions at more than 400 cash-accepting Cardtronics ATMs in the U.S. The ATMs, part of the Allpoint+ Network of surcharge-free deposit-taking ATMs for Allpoint members, operate card-free, allowing Amazon customers to add cash to their Amazon Balance to make future purchases on Amazon’s online store using only the phone number linked to their Amazon account with no added fees.”

January 10, 2020

On the web

Consumers Make More On-Us ATM Cash Withdrawals, Fed Data Show

Digital Transactions

“Despite the decades-old rise of electronic payments at the expense of cash, the rate of decrease in ATM cash withdrawals has slowed down, and more consumers are avoiding fees by using their own financial institution’s ATMs, according to the Federal Reserve. The Fed’s latest triennial payments study released last month says ATM cash-withdrawal transactions declined at a compounded annualized rate of 0.9% from 2015 to 2018, down from the 3.4% annualized decrease in the Fed’s previous study period of 2012 to 2015.”

November 26, 2019

On the wires

Travelex Expands ATM Acceptance to Major Global Payment Schemes With Transaction Network Services

“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

October 15, 2019

On the wires

VocaLink Signs UK’s Largest Ever ATM Processing Deal With LINK

“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.”

October 3, 2019

On the web

Bank Fees: ATM Charges Hit Record High and Faster Hikes May Be Coming


“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.”

September 3, 2019

On the web

The ATM at Age 50 Puts the Spotlight on the Future Role of Cash

Digital Transactions

“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.”

August 26, 2019

On the wires

Payment Alliance International Acquires Eclipse Cash Systems

“Payment Alliance International ( PAI ), a leader in ATM portfolio management tools and services, announced today that it has acquired Arizona-based ATM operator Eclipse Cash Systems . The acquisition adds more than 15,000 ATM terminals and brings an additional four financial institution partnerships to PAI’s existing nationwide network of over 75,000 ATMs. Eclipse’s strong mobile events portfolio and direct ATM placement business nicely augment PAI’s business”

July 8, 2019

On the web

Coinsquare, Just Cash Partnership Enables Non-Bank ATM Crypto Transactions


Coinsquare , a Canadian cryptocurrency trading platform, announced it has bought an eight figure controlling stake in fintech software producer, Just Cash. The acquisition will enable the firm to introduce crypto transactions on traditional, non-bank ATMs in the United States. Just Cash developed a software to retrofit ATMs to sell cryptocurrencies via a customer’s debit card without having to upgrade the machine’s hardware. Coinsquare CEO Cole Diamond confirmed that the technology has already been introduced to some ATM machines, a process that will continue until the end of next year.”

May 22, 2019

On the web

Why Credit Card Acceptance Actually Spurs Cash Use at Vending Machines

ATM Marketplace

“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.”

May 20, 2019

On the web

ATMs, Once the Future of Banking, Are Starting to Become More Scarce


“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.”

April 5, 2019

On the wires

Cardtronics Integrates FIS Cardless Cash Into Fleet of ATMs

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.”

February 25, 2019

On the web

February 14, 2019

November 19, 2018

On the web

ATM hacking report: Scenarios from 2018 ATM hacks

Payments Cards and Mobile

“The most important thing about ATM malware is not its inner workings, but the installation method. The first step for protecting banks and their clients is to identify potential infection vectors and vulnerable components. In this report, we will share the results of ATM security analysis performed by our company in 2017–2018, discuss different types of possible logic attacks identified during such work, and provide recommendations for securing ATMs.”

November 7, 2018

On the wires

October 5, 2018

On the web