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INS Kolkata thwarts suspected piracy attack near merchant vessel MV Mashallah 1Indian Naval Ship INS Kolkata successfully thwarted a piracy attempt near merchant vessel MV Mashallah 1. The warship responded swiftly to ...- From Rs 20 chai transactions to Rs 285 lakh crore flows; UPI marks a decade of India's payments revolutionIn the last 10 years, UPI has registered a 12,000-fold surge in volume and over 4,000 times increase in value — that's 17.86 million transa...
- FBI warns of ‘ATM Jackpotting’ scam — what it is and how to protect your moneyThe FBI has warned about a rise in ATM jackpotting scams. In this crime, hackers install malware in ATM machines to make them release cash ...
- Axis in talks to change ATM vendor amid service issuesAxis Bank is negotiating to acquire between 3,500 and 4,000 ATMs from AGS Transact Technologies due to deteriorating service quality. The b...
- Banks draw attention of Govt, RBI to ATM shortageBanks have alerted the government and the banking regulator Reserve Bank of India about shortages in automated teller machines (ATMs). They...
- Banks urge RBI to relax rules on ATM cash-outsBanks have requested the Reserve Bank of India to give relaxation on its recent guidelines on ATM cash replenishment whereby the regulator ...
- Banks under taxman scanner for GST refund on ATM transactionsThe scrutiny started after banks claimed 100% input tax credit on the amount paid to ATM vendors who are responsible for maintenance and ca...
- Open ATMs only after software update: RBIAlmost all of them run on Windows software. Also over 60% of the 2.25 lakh ATMs in the country run on the outdated Windows.
- Banks taking steps to upgrade ATM software: GovernmentRBI has informed that banks have been taking steps to upgrade the software based on the agreements/contracts with their vendors.
- Demonetisation: It may take six weeks for ATMs to dispense new notes smoothlyMore than four lakh trays or cassettes at the ATMs need to be replaced and software needs to be rewritten at 2,02,000 ATMs in the country, ...
- Banks may soon provide personal loan through ATM machineBanks are using big data analysis capturing facts such as the customer’s work profile, income, personal details, payment capacities to deci...
- Now, get a personal loan from your ATMInterestingly , banks are using the ATM machine --a touch point that attracts all kinds of customers throughout the day -to push their fina...
- India to see hi-tech ATM machines in the next 2-3 yearsIndia will be see world class ATMs in the next two to three years as banks would install new hi-tech machines. Further, since the life span...
- PNB to roll out e-surveillance system to thwart ATM theftWith over Rs 41 lakh cash looted from its four ATMs within a week in Punjab, PNB said the bank will launch e-surveillance system to prevent...
- SBI plans to add 26,500 ATMs in five monthsA bank executive said SBI will, by March 2014, set up 7,800 ATMs under its own brand, while 17,200 will be brown-label ATMs that will be ma...
- Government banks like SBI, UCO Bank, Allahabad Bank join hands to open ATMs, cut costsThe move will help banks reduce transaction cost as the number of ATMs in a particular region will increase substantially, giving more barg...
- State-run banks led by State Bank of India to install 40,000 ATMsState-run banks led by State Bank of India plan to install 40,000 automated teller machines, or ATMs, across the country to widen their rea...
- Hit by slow credit offtake and thin margins, banks will outsource 50% ATMs by 2015Banks, which hold the ATM licence, will be only responsible for the cash and its clearing and settlement.
- Banks use outsourcing route to scale up ATM networkBanks are increasingly using the outsourcing route to scale up their ATM networks without wearing out their resources.
- German ATM maker launches new machinesGerman maker of ATMs Wincor Nixdorf is launching advanced ATM ProCash 4000 in India.
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