ATM Industry News

  • First Citizens Bank has partnered with NCR Atleos to expand its ATM access to more than 2,000 Target stores, according to a press release. Its customers can use their debit cards at NCR Atleos' Allpoint ATMs, which have more than 55,000 machines across the U.S. Customers can withdraw cash, check balances and transfer funds between […]
  • For years, cash management strategies have focused on a familiar set of objectives: ensuring availability, reducing transportation costs, optimizing branch networks and improving operational efficiency. While these priorities remain important, they may be causing financial institutions to overlook a far larger opportunity. Across the banking industry, millions of dollars remain locked in idle cash inventories […]
  • OneDosh, a stablecoin payments platform, is now offering ATM withdrawal for OneDosh Visa cardholders. The company provided this service to give its customers easy access to cash for tips or services as needed, according to a report by Techpoint.Africa. When using the ATM, customers should select credit rather than checking or savings. They can withdraw […]
  • Kurdistan has deployed close to 800 ATMs at more than 200 locations to allow employees, pensioners and others to receive cash via the Kurdistan Regional Government's My Account program, according to a report by Kurdistan 24. The strategic program, launched by Prime Minister Masrour Barzani to modernize banking services and reduce reliance on cash, has […]
  • The Ohio Bureau of Criminal Investigation recovered more than $15,000 for a victim of a bitcoin ATM fraud. This organization has assisted with 309 fraud cases with $5.6 million in losses from crypto ATM scams, according to a press release. The funds were returned to a 63-year old resident of Allen County who was asked […]
  • Vermont State Police are investigating an ATM theft at a Bristol County Store location, according to a report by WCAX. During the incident, a group of thieves broke into the store, damaging the doors. They stole vape products and used a vehicle to remove the ATM. The ATM was later found in a gravel pit. […]
  • Fibank has formed a strategic partnership agreement with Bitpanda to provide crypto asset services via the My Fibank mobile app, according to a press release. Based in Bulgaria, Fibank will become the first in the country to offer crypto asset trading. These assets have no guarantees or compensation schemes unlike traditional financial assets. Customers can […]
  • Bank of America appointed Jeff Crabtree as president of Sarasota/Manatee, Florida. He takes over for Stephanie Whitefield, who is relocating to Georgia for a different company role, according to a press release. He will continue to serve in his role as a Consumer Banking region executive, with a focus on growth and strategic financial solutions. […]
  • Part one looked at several key ATM attack vectors. These include physical attacks, jackpotting, skimming and shimming, cash trapping, and logical and cyber attacks. If one method doesn't work, criminal organizations can try out another one. They also pair extensive field research to uncover vulnerabilities, whether that be in surveillance, hardware or software. In order […]
  • Cash remains a critical component of the financial services landscape, and maximizing its efficiency requires a holistic understanding of the entire cash cycle. In this webinar, we will explore how financial institutions can optimize cash operations through the strategic deployment of cash recycling technology, effective cash management practices, and advanced cash management solutions. The session […]
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