Posts Tagged ‘ATM’
Fintechist India Biometrics ATM

India Will Experiment With Biometric-based ATM Services Soon

by JP Buntinxon January 8, 2018
Slowly but surely, biometrics make inroads in the financial sector. Some banks want to experiment with this authentication method for card payments. YES BANK in India wants to use biometrics for ATM withdrawals. It is an interesting take on things, although there are still some concerns. Financial innovation always comes at a cost in one […]
Fintechist UAE Bitcoin ATM

NCR Lets UAE Residents Withdraw Bitcoin Earnings Through Regular Bank ATMs

by JP Buntinxon December 18, 2017
The United Arab Emirates is not a region one would associate with cryptocurrency. In fact, the Middle East doesn’t seem too welcoming to Bitcoin. Things are changing behind the scenes, though. ConHub and NCR are teaming up to bring Bitcoin-enabled ATMs to the UAE. It seems there will not be two-way devices as users are […]

Fintechist Europe ATM Black Box Attacks

Mounting Number of ATM Black Box Attacks in Europe is Worrisome

by JP Buntinxon October 6, 2017
It is no secret automated teller machines are of great interest to criminals and gangs. Especially in Europe, attacks against these devices are on the rise. The so-called black box attacks are definitely on the rise throughout 2017 in spectacular fashion. This attack revolves around attaching a device to ATMS as a way to force […]
Fintechist Bitcoin ATM Alphavend West London

West London Receives its First Bitcoin ATM Courtesy of Alphavend

by JP Buntinxon August 26, 2017
Bitcoin ATMs have become somewhat common in the world today. With over 1,000 of these machines in operation around the world, they are not all that widespread, though. Most of the ATMs are located in the United States and Canada these days. Alphavend, a UK-based digital currency ATM operator, installed their first device in West […]

Fintechist Commonwealth Bank Coding Error AML

Commonwealth Bank of Australia Blames AML Violations on a Coding Error

by JP Buntinxon August 8, 2017
Commonwealth Bank of Australia is not taking their money laundering charges lying down.That is only be expected, considering this was facilitated by their intelligent ATMs. It turns out the group is blaming the laundering on ATM coding errors. An interesting turn of events, to say the least. It remains to be seen if this explanation […]
UK Bank Holiday Cash Withdrawals

August Bank Holiday Sets New UK ATM Cash Withdrawal Record

by JP Buntinxon September 3, 2016
Bank holidays in the United Kingdom are always an enjoyable time for consumers. Throughout the years, these days have been subject to a lot of problems. Banks facing technical issues would not be able to dispense money to its users. But this 2016 Bank Holiday was a big one for ATM cash withdrawals, and no […]