OKI has announced that the company has completed share purchase of the ATM business including banking, retail automation and services from Itautec S.A.- Grupo Itautec (Itautec). OKI has acquired 70% stake of the new company which has been established through Itautec’s company split. The new company, OKI Brasil S.A, has started operations effective January 10,
Automatia feels the time is ripe for automated cash recycling in Finland. The IT service company operates the nationwide ATM network of Finnish banks, consisting of 1,600 systems, and will install 150 Wincor Nixdorf CINEO cash recycling terminals next year. The aim of the interbank company in investing in the recycling ATM network is, on
A huge number of South Africans rely on the ATMs to withdraw money. However the increased usage of ATMs has also resulted in criminals devising various scams such as card skimming, swopping and the trapping of card inside ATMs. This is usually accompanied by shoulder surfing to steal PIN numbers. SABRIC’s research has revealed that
ATMIA has issued a position paper urging payment networks to work collaboratively with ATM deployers to retain open market flexibility in making routing choices. EMV migration is more complex in the United States where multiple networks exist and further confusion has resulted from court rulings on the Durbin Amendment. ATMIA retained Tremont Capital Group, Inc.
Barclays Bank of Kenya has unveiled a new cardless money transfer service that allows customers to send and receive money at any Barclays ATM. The service, named “CashSend”, will allow Barclays Bank of Kenya account holders to securely transfer money to mobile phone subscribers. Transactions will originate from Barclays ATMs, with recipients similarly withdrawing their
Currently, a majority of all the ATMs and account statement printers installed around the world runs on Windows XP. However, Microsoft is discontinuing support for this operating system as of April 8, 2014. From this point on, Microsoft will no longer provide security-related patches for Windows XP – and as a result, various security requirements,
ACG has inked its second reseller agreement with an African ATM firm. This most recent agreement was made with South Africa’s own TIM Trading. The deal grants TIM Trading with exclusive rights to sell and distribute ACG spare parts in several countries throughout the southern portion of Africa, including: Botswana, Namibia, Madagascar, Mozambique, South Africa,
The latest statistics released by the Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 200 Spark Automated Teller Machines (ATMs) throughout South Africa, showed a slight increase in ATM withdrawal levels for October 2013 and illustrates that consumers are bracing themselves for the upcoming festive season. The
Diebold, Incorporated is adding cash recycling capabilities to the automated teller machine (ATM) fleet of UniCredit Banca, part of UniCredit Group, one of Europe’s leading commercial banks operating in 20 countries. A three-year hardware and maintenance services agreement will add approximately 970 Diebold Opteva® ATMs across UniCredit’s network. More than half of the terminals will
One of the leading national banks and newest MasterCard licensee in Myanmar, Asia Green Development Bank Limited (AGDBank), began accepting MasterCard payments cards for cash withdrawals at its ATMs throughout the country. This announcement is timely given the upcoming 27th Southeast Asian Games (SEA Games) which will be held in Naypyidaw, Myanmar’s capital, from 11
