We thought this was a nice graphic showing the various financial institutions. One question might be regarding this is where does Stripe fit in? US Financial Network From BusinessInsider The payment industry’s biggest trends in 2021—and the pandemic’s impact on digitization in the payments landscape The coronavirus pandemic accelerated payments industry digitization by two to three years.… Read More »
excellent writeup on cash dispensing, cash recycling. cash is 50% of transactions.
EMV Liability Shift Despite the October 1st liability shift deadline looming, only 10 per cent of Americans have received the new chip-enabled cards, and nearly a third don’t know how to use them. Source: www.paymenteye.com The survey, conducted by the GfK Public Affairs for Associated Press, found that out of 1004 Americans polled, only one in every ten… Read More »
A Star2 reader, who is a frequent traveller, shares her experiences on value added tax and the extremely tiring process of claiming it back.
In France, they have an automated kiosk called Pablo. Once Pablo approves your form, you don’t need to go to the customs counter at all; you can just line up and obtain your cash refund or put the form in the box and later get your refund credited into your nominated credit card.
The machine can do everything except give out cash.
FNB has launched a new kiosk that allows you to open an account with only your thumbprints as verification.
The bank has formed a partnership with the department of home affairs, and uses government records to verify your identity.
"The machines are directly linked to Home Affairs and because they use fingerprint technology on their side, we are able to quickly verify who you are," says Lee-Anne van Zyl, CEO of FNB Points of Presence.
The TouchPoint kiosk allows people to open an eWallet Extra account with their thumbprints. Existing FNB customers can also do all their general banking, except withdraw money.
RDM Corporation (TSX:RC), a leading provider of specialized hardware and software solutions for electronic payment processing, announced that it is now shipping its new EC9600i single feed (SF) network check scanner models. The new EC9600i SF models are an extension of the family of EC9600i auto-feed (AF) network scanners introduced last year.
New networked check scanners make it easy for thin client and other devices to access networked scanner. Checks are up to 20% of transactions?
RDM’s EC9600i series network scanners simplify the check scanning process through RDM’s “one-touch” setup. Unique to the EC9600i scanner family, embedded software and industry standard networking protocol enable users to easily access the scanners securely over a network using their PCs, MACs, mobile devices or payment terminals, regardless of the operating system or browser and without additional hardware. The EC9600i scanners also work seamlessly in Citrix and other thin client environments.
Beginners Guide to Developing Kiosk Software Pitfalls to avoid when developing payment kiosks This is my third and final article in a series titled “A Beginners Guide to Developing Kiosk Software.” In this article I’m not even going to attempt to delve into the specifics of developing support for accepting payments because there is a huge variation between… Read More »
October 13, 2015 ATM Kiosk embedded NFC device enables customers to conduct transactions using leading mobile wallet providers like Apple Pay CHARLOTTE, N.C. & LAS VEGAS – Oct. 13, 2015 – Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced at the 2015 BAI Retail Delivery Conference enhancements to… Read More »
Las Vegas, July 11, 2016 – Kiosk News – Rick Kobal has joined the SlabbKiosks’ sales team. The announcement was made today by the company’s President, Peter te Lintel Hekkert. He indicated the move was necessary as the company continues to expand its customer base and increase production. “We are very pleased to welcome Rick to our team,” said te… Read More »
In one visit to the QPAGOS kiosk, customers can also top up their mobile phone, pay their electric, gas, telephone and water bills, as well as pay for municipal services, entertainment services, transportation, and many more payment services.Click here to edit the content
40 of 56 kiosks have been deployed so far with the balance expected to be deployed by the end of August; while over 20 mobile tablets with printers were deployed with a potential of over 70 deployed by the end of the year.
While other central banks ruminate on ways to replace cash with digital currencies, Sweden’s Riksbank is kicking against the grain with calls fo
Signed by Stefan Ingves, the Riksbank Governor, the letter states that the banks have reduced their cash handling services too fast, resulting in a lack of cash services in less populated areas in particular, but for the public in general.
Mike Lee, CEO of the ATMIA, says: “This is a victory for common sense and for the future balance of the Swedish consumer economy and I’d like to congratulate the Swedish Riksbank for seeing through the mirage of anti-cash propaganda in the media to reveal the basic economic right of free citizens to choose their own payment methods at all times, whether cash or digital.”
NORTH CANTON, Ohio, Dec. 18, 2015 /PRNewswire/ — Diebold Forms New Joint Venture With Inspur, One Of China’s Leading IT Companies, To Provide ATMs And…
NORTH CANTON, Ohio, Dec. 18, 2015 /PRNewswire/ — Diebold, Incorporated (NYSE: DBD) today announced it is forming a new joint venture with a subsidiary of the Inspur Group, a Chinese cloud computing and data center company, to develop, manufacture and distribute financial self-service solutions in China. Inspur will hold a majority stake of 51 percent in the new joint venture, which will be named Inspur Financial Information Systems, Ltd. The joint venture will offer a complete range of self-service terminals within the Chinese market, including automated teller machines (ATMs). Also, Diebold will serve as the exclusive distributor outside of China for all products developed by the new joint venture, which will be sold under the Diebold brand.
In addition, to support Diebold’s services-led approach to the market, Inspur will acquire a minority share of Diebold’s current China joint venture. Moving forward, this business will be focused on providing a whole suite of services including installation, maintenance, professional and managed services related to ATMs and other automated transaction solutions.
Inspur Group is an $8 billion Chinese multinational information technology provider headquartered in Jinan, Shandong,China, with more than 70 years in business. The company specializes in IT hardware and software, and is a leading self-service kiosk manufacturer for major financial institutions in China. Inspur’s clients and business partners also include LG, IBM, Cisco, Microsoft, VMware and Micron.
“Partnering with Inspur enhances our competitive position and deepens the relationship with our customers in China,” saidAndy W. Mattes, Diebold president and chief executive officer. “Inspur’s strong reputation as a leading China IT company with a global footprint allows our new joint venture to bring more innovative solutions to China’s financial institutions and strengthens Diebold’s go-to-market strategy in this important market. We look forward to re-igniting growth in China and are excited to work with Inspur to sell a complete suite of self-service products and related services.”
“We are very happy to enter into this venture with Diebold, a well-respected global leader in financial self-service solutions, to continue growing our own presence in this market in China,” said SUN Pishu, president and CEO of Inspur Group. “Inspur is one of the fastest-growing self-service technology providers in China. Combining both company’s technology, sales expertise and existing presence in China will be of great value, both to our clients and our respective businesses.”
Upon closing the agreement, Diebold will appoint a chairman of the new joint venture, while Inspur will appoint a chief executive officer for the business to lead day-to-day operations. The agreement is anticipated to be finalized in mid-2016, pending regulatory and other approvals, with plans to begin manufacturing and distribution activity immediately after regulatory approvals.
More than 670,000 people have obtained the identification cards since the program began in January. One of the program’s goals is to help many of those people obtain bank accounts. But some of the biggest banks in the city — including JPMorgan Chase,Bank of America and Citigroup — will not accept the cards as a primary source of identification, even though their federal regulators and some smaller banks have approved their use.
Good article on unbanked in New York, Thanks Kirk at ARCA!
Thanks to Kirk at ARCA and also Innopay with original article Fintech is unbundling the universal banking model: three strategic questions to answer Mounaim Cortet, Douwe Lycklama Payments, Article 31-08-2015 In the ‘universal model’ banks typically offer a broad product portfolio in retail, private, commercial, investment and transaction banking, along with wealth and asset management and insurance. This… Read More »
When one of my credit cards expired this summer, my bank sent me a replacement with a microchip.
Press release issued by ARCA today. The addition of the cash recycler is big news plus the new Android support. At some point ARCA will abstract these devices into network appliances, and cash is still 50% and holding steady (and growing some). ARCA’S ENVOY™ PLATFORM NOW FULLY INTEGRATED WITH CRANE PAYMENT INNOVATION’S (CPI) MEI SCR AND SC ADVANCE… Read More »
In the US, cash in circulation grew 42% between 2007 and 2012 (Credit: Getty Images)
Read the entire article on bbc.com — It’s tempting to forecast the demise of cash. In fact, people have been predicting the end for physical money for nearly 60 years. With the rise of credit cards, contactless payments and cryptocurrencies like Bitcoin the death knells have only gotten louder.
The Netherlands is an interesting case study to look at more closely, because their retail sector has recently embraced card payments in a big way. There are now 1,400 supermarkets in the Netherlands with registers that don’t accept cash.
In the UK, half the transactions by consumers in 2013 were with cash
As a result, card payments in the Netherlands have been growing by about 7 to 8% annually over the past few years. And yet, cash is still king. In 2012, there were 2.7 billion card payments, but an estimated 3.5 to 4 billion payments were made with cash. “Even in supermarkets which all accept debit cards, cash is still used heavily,” Jonker says. “For the time being we think cash will keep on having an important role.”
Studies of other nations tie in with these finding
Premier Tax Free Shopping unveils self-service refund platform
The kiosk is connected to all till points in-store, and automatically recalls the purchase information as soon as the receipt is scanned.
Using inbuilt scanners, the tourist can simply scan their passport and sign the form using an inbuilt signature pad. Respecting all local and international regulations, the printed tax-free form is fully compliant, and in some countries, such as France, it is linked to Customs to synchronise with local systems.
The Cameron County Clerk’s office has installed self-service kiosks in Brownsville and San Benito .
The kiosks, which offer instruction in both English and Spanish, allow county residents to pay misdemeanor court fines quickly, easily and conveniently, officials said.
Learn more about ARCA here: www.arca.com Since 1998, ARCA has been helping people find better ways to automate financial transactions in bank branches, … Source: www.youtube.com ARCA is definitely one of the leaders in financial technology. The Alliance with HP only increases their spread. Another smart move by a smart company. ARCA Focus Banking – financial institutions.… Read More »
Activation and issuance of DubaiCard will take less than a minute Source: gulfnews.com Sallie Henry, contracts manager at National Pay, said that there will be 200 kiosks in Dubai in phase one and expansion to other emirates. To get a card, she said that a customer needs to have the passport or Emirates ID. The Emirates ID… Read More »
Bill jams are commonplace when your kiosk accepts cash payments. No matter how advanced the bill acceptor, there’s always that guy that inserts a bill covered in mud, or something worse, and gums up the device. Source: blog.kiosksimple.com Good pointer on EBDS and the Crane/MEI SC bill acceptors for kiosks. Bill Jam is a supported error code for sure. For multiple BAs… Read More »
NRF Highlights Here are the items we saw and read related to NRF 2015. ZDNet wrap — At the National Retail Federation trade show, tech vendors are displaying a mix of self-service devices designed to drive higher sales and create repeat shoppers. Source: www.zdnet.com NCR, Wincor, Microsoft, CKE Restaurants, Intel, TGI Fridays, Oracle, Dell, Beef-O-Bradys, Hardee’s, Carl Jr,… Read More »
KIOSK will feature MoneyGram’s new self-service money transfer and electronic payment kiosk solution at NRF’s 2015 Big Show (booth 4235). Source: www.businesswire.com
The ability to dispense cash from your kiosk can be invaluable for making change and reducing the need for human cashiers. Traditional bill acceptors only accept cash, but bill recyclers have the ability to both accept and dispense cash like a human cashier Source: blog.kiosksimple.com Your customers will appreciate your kiosks giving them change in bills, rather than dispensing a mountain of coins.… Read More »
Envoy™ platform simplifies communication between transaction software and devices Mebane, NC (January 6, 2015) — ARCA, a global leader in cash and payment automation technology, announced today the release of its latest software solution, Envoy™ to help accelerate the integration of self-service transaction software with kiosk hardware. Source: www.arcatechsystems.com Great stuff from ARCA who has always provided top tier… Read More »
Thanks to Andrew Savala with KioskSimple for this resource article. EMV Kiosk Capable Card Readers, PIN Pads and Contactless Readers for Self-Service Kiosks The following is a list of EMV capable card readers, PIN pads and contactless card readers that are designed specifically for self-service environments like a kiosk. As we’re beginning research and development on adding EMV capabilities to our US-based kiosk… Read More »
TurnKey Kiosks LLC announces that it has been selected by Robocoin to manufacture the world’s leading Bitcoin ATM Kiosks. The biometrically enabled kiosks let customers instantly buy, sell or transfer Bitcoins. What started with the world’s first Bitcoin ATM in Vancouver, Canada, Robocoins have now been deployed to 19 countries with 12 unique currencies and growing. From Coffee… Read More »
Customers can now remit money on a 24/7 basis with over 580 kiosks conveniently located across the UAE Source: www.marketwatch.com The company significantly expands its network in the UAE by activating the Western Union money transfer service on more than 580 kiosks – which are strategically placed in shopping malls, supermarkets, residential areas, banks, hospitals, government facilities, gas… Read More »
>PRWEB.COM Newswire Source: www.digitaljournal.com The company says their kiosk attendants are ready to help throughout the transaction process. That includes clearing up common misconceptions surrounding bitcoin, and explaining security risks; even sending a micro transaction to a new user’s wallet demonstrating the ease and speed of transactions on the bitcoin network. Also, according to Berger, “the opportunity to… Read More »
Fujitsu, a leading information communication technology (ICT) company, today announced an International Distribution and License Agreement with OnCue Technologies, a developer of in-aisle point-of-information solutions that are designed to enhance the consumer shopping experience. Source: online.wsj.com Fujitsu will resell OnCue Technologies’ InfoCue and Expert OnCue mini kiosk solutions to big-box, grocery, beverage and hardware retailers in the United… Read More »