State Bank of India has awarded a significant Rs 1000 crore, 10-year contract to CMS Info Systems. This deal covers cash outsourcing for 5,...

CMS Info Systems share price: CMS Info Systems has secured a key contract from India Post Payments Bank (IPPB) to replace 1,000 ATMs and ca...

"CMS has received mandate from SBI for a deployment of 3,000 ATMs. As a part of the term sheet, CMS will select the site, deploy ATMs, prov...

The company has partnered with Morocco-based m2m and Dubai-headquartered Ascent Business Group to use their products for these segments, sa...

Banks must enforce minimum eligibility standards as part of their Request for Proposal (RFP) process, IBA said in a report submitted to RBI.

Robberies involving cash vans has made the Indian Banks Association come out with minimum eligibility criteria for cash replenishment agenc...

The modus operandi included hacking in computer systems of payment processing cos to compromise account details of prepaid card a/c custome...

CX Partners is negotiating an investment of around Rs 150 cr in Transaction Solutions International, an ATM outsourcing company.

Private equity firm Actis is investing over Rs 200 crore in AGS Transact Technologies, a firm that runs and manages ATMs for banks.

Under the multi-year agreement, FIS will provide end-to -end outsourcing services including supply, setup and ongoing ATM operation, the Ja...

"Actis, the pan-emerging markets private equity firm, today announced an investment of Rs 220 crore in AGS Transact Technologies Ltd (AGS),...

Although access is free for customers, banks pay each other a transaction fee every time their depositors access ATMs of other banks.

Banks, which hold the ATM licence, will be only responsible for the cash and its clearing and settlement.

Banks are increasingly using the outsourcing route to scale up their ATM networks without wearing out their resources.

ICICI Bank, is looking at setting up a new entity to house its ATMs and point-of sale terminals, which accept credit and debit card payment...

You may soon be able to withdraw money or carry out other transactions from an Automated Teller Machine.

You will soon find more ATMs at your neighbourhood as banks & outsourced cos team up for a major push.