Page 4 - Atms

Bank officers' union proposes guards for unmanned ATMs to check frauds

Bank officers' union AIBOC on Wednesday made a case for deployment of guards at all ATMs to check frauds.

HDFC Bank deploys mobile ATMs across 50 cities in India amid Covid-19

These ATMs have been deployed in various metros and non-metros in view of the restrictions imposed by Covid-19, the bank said.

Amid Covid, HDFC Bank deploys mobile ATMs across 50 cities in India

These ATMs have been deployed in various metros and non-metros in view of the restrictions imposed by Covid-19

Cyptocurrency trading frenzy fuels boom of Bitcoin ATMs in parts of US

Bitcoin's growing popularity has been the primary driver for new installations

Cash logistics business is on the cusp of change as digital payments soar

Deregulation of the currency chest system will act as the game changer

Migration from cash-based economy to digital is a work in progress: RBI

Still a long road ahead, especially across Tier III-VI) and societal cross-sections (senior citizens, migrant workers), apex bank in booklet on Payment Systems

RBI imposes Rs 1 cr penalty on PNB for unauthorised ATM operations

The Reserve Bank of India (RBI) imposed the Rs 1 crore penalty for "contravention of the nature referred to in Section 26 (6) of the Payment and Settlement Systems Act, 2007 (PSS Act)", it added

CMS Info Systems acquires ATM business of Logicash Solutions in India

Apart from ATM and cash management, CMS does maintenance and card personalisation services

Re-validation of details may be needed for cheques above Rs 50K from Jan 1

Availing of this facility would be at the discretion of the account holder

RBL Bank launches cardless cash withdrawal facility through ATMs

RBL Bank on Thursday said it has launched cardless cash withdrawal facility from ATMs, leveraging the Instant Money Transfer (IMT) system

Many ATMs in West Bengal running short of cash due to Covid-19 restrictions

Several ATMs in West Bengal are running short of currency as private entities entrusted with the cash-filling task are operating with skeletal staff

Point-of-sale terminals yet to fire despite repeated nudges by RBI

It's important to note that unlike ATMs, the scheme is not advertised or visible to the general public

White label ATMs: Safe to assume the business is a resounding flop?

The business dynamics are stacked against white label ATMs, which could impact the government's goal of financial inclusion

Coronavirus impact: SBI goes virtual to reach out to its customers

The country's largest bank kept about 22,000 branches and 60,000 ATMs running during the lockdown

RBI relaxes norms for the deployment of ATMs by white-label players

The total number of ATMs in the country has fluctuated at around 240,000 levels since demonetisation on the back of rising operational costs and the emergence of digital modes of payment

Top biz headlines: ATMs to become virtual bank branches, Airtel deal & more

Here are the top 10 headlines on Tuesday morning

Bank liable for unauthorised online transaction

The National Commission observed that there was a security breach of the bank's net banking system

Banks, insurance firms to work as usual in new guidelines for Lockdown 2.0

Bank branches are allowed to work as per normal working hours till disbursal of DBT cash transfers are complete

Ours is open-banking model of the times: PayNearby's founder & CEO Bajaj

PayNearby's managing director & chief executive officer plans to raise $50 million through equity dilution in what is inherently a 'people's business'

Keep banking channels up and running; maintain smooth cash withdrawals: FM

Banks are expected to witness a surge in transactions across channels next week, owing to salary payments to employees