A US trade group is asking the payment-card industry to delay the October EMV transition plan that will leave the retail food stores and pharmacies it represents liable for fraudulent transactions if they are unable to meet the deadline. Source: www.paymenteye.com FMI sent letter to VISA/MC asking for 2016. Retail food stores and pharmacies will not be able… Read More »
CBD recognized for its Digital Banking innovations at the BME UAE Product Awards Source: cpifinancial.net Posts 2025: 1,112
In the financial services industry, the term “cash handling” is commonplace. Everyone – from the C-suite down to each individual worker, knows the value of quality cash handling and money management. However, in the retail industry, the importance of cash handling can slip through the cracks. Source: arca.com The mobile phone crowd likes to dismiss cash but, not… 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
Dual devices provide redundancy that comes in very handy, especially when collecting money. Nice writeup Andrew!
Payment Kiosks The rise of the internet, social media and smartphone devices, has radically changed consumers’ shopping habits, according to a new report by Deloitte. Source: www.paymenteye.com good data on higher conversion and higher spend. Posts 2025: 1,082
The 2015 Payments Power list has been revealed – find out who has made it into the top ten. Source: www.paymenteye.com Posts 2025: 1,139
Finextra: The Western Union Company (WU), a leader in global payment services, today announced that it has signed an agreement to activate Western Union Money Transfer services within WHSmith high street stores via Western Union’s innovative…
Source: www.finextra.com
money transfer kiosks by western union going into 300 sites
If you’ve been sifting through your wallet and counting the increasing number of chip-enabled cards you can find in there, you’re probably becoming more and more confident that EMV is finally happening in the U.S.
Source: www.paymentssource.com
Key basis — According to a DDPR survey of 26 ISOs and acquirers in the first quarter, only 30% had an interest in pursuing a partnership or a vendor relationship for EMV. That compares to 72% for mobile point of sale, 68% for digital loyalty, 62% for semi-integrated payments solutions, 58% for integrated payments and 46% for e-commerce gateway.
Announcing newest Bill Pay Kiosk Outdoor thru wall JACK in a small city market. JACK Flash Update: The city of Winnsboro has a population of around 3400 & about 1000 water accounts. Winnsboro JACK went live Sunday, July 19th, & during only the first three days of operation JACK completed over 60 successful transactions (payment times range from… Read More »
Premier Tax Free Shopping unveils self-service refund platform
Source: www.moodiereport.com
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.
In the US, cash in circulation grew 42% between 2007 and 2012 (Credit: Getty Images)
Source: www.bbc.com
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
excellent writeup on cash dispensing, cash recycling. cash is 50% of transactions.
Source: blog.kiosksimple.com
31st August 2015 to 03rd September 2015 NPA’s 64th Annual Convention & Expo is the one event of the year that brings together the foremost experts and resources in the parking industry Source: www.cranepi.com SCR 2-denomination recycler CPI will be demonstrating our SCR 2-denomination recycler with multi-bill escrow at the expo. Offering unique value the SCR creates new… Read More »
Despite recent figures suggesting people expect to use less cash in the next decade, the ATM is still going strong. In fact, as Link’s figures showed last week, they are actually on the rise in the UK, and if one looks at the recent crop of machines, it becomes clear that they are doing all they can to… Read More »
Global Tel*Link (GTL), the leading provider of correctional technology solutions, today announced that it has begun to include key-injected credit card scanners in all of its new payment kiosk deployments, as well as to perform quarterly inspections and audits of all payment kiosks. With this move, GTL is emphasizing its commitment to the protection of customer data by complying with and going beyond industry standards for customer data security.
Source: www.ciodive.com
The Western Union Company, a leader in global payment services, has announced that its Western Union Money Transfer services have opened within the Alnwick WHSmith store via its self-service kiosks.
Source: www.northumberlandgazette.co.uk
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.
Source: mobile.nytimes.com
Good article on unbanked in New York, Thanks Kirk at ARCA!
While other central banks ruminate on ways to replace cash with digital currencies, Sweden’s Riksbank is kicking against the grain with calls fo
Source: www.finextra.com
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.”
A speedy way to pay your speeding ticket When General Payment Systems, Inc. (GPSI) made the move into courthouse payment systems, they needed a compact solution that focused on a number of criteria including efficiency and reliability. The company found the perfect product thanks to an innovative cash recycler from Crane Payment Innovations. “We were moving into the court space and ultimately… Read More »
Self-service bill pay kiosks throughout the county are now accepting county real estate tax payments.
Source: www.indeonline.com
Three new locations for taxes can be paid at the kiosks by check, credit/debit card or ACH check
Source Technologies, a provider of integrated solutions for managing financial transactions, is introducing its 8-Series counter top kiosk. The new kiosk was designed to fill several organizational needs, ranging from automatic queuing to handling banking transactions traditionally performed b
Source: www.atmmarketplace.com
MLGW will begin receiving payments at self-pay kiosks again later this week after a system error caused mass confusion Saturday.
Source: www.commercialappeal.com
TIO in the news
Global Payments to Acquire SICOM Systems, a Leading Provider of Enterprise Technology Solutions to Restaurants September 27, 2018 04:05 PM Eastern Daylight Time ATLANTA–(BUSINESS WIRE)–Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, announced today an agreement to acquire SICOM Systems, Inc. from LLR Partners. SICOM provides enterprise, cloud-based software as a… Read More »
The Cameron County Clerk’s office has installed self-service kiosks in Brownsville and San Benito .
Source: www.brownsvilleherald.com
The kiosks, which offer instruction in both English and Spanish, allow county residents to pay misdemeanor court fines quickly, easily and conveniently, officials said.