The Reserve Bank had then asked banks to recaliberate their ATMs in a very short duration to accommodate new Rs 500 and Rs 2,000 notes.

The company is expecting to supply around 17,000 machines this year.

“Our target is to help banks to reduce their branch size to one tenth of its present size and still be able to offer all the services a ful...

Most other banks charged Rs 20 per ATM transaction before the November 8 announcement.

V Balasubramanian, president (transaction processing and ATM service), FSS, said, "More than 60% of ATMs in the country operate on a per-tr...

Compared to the average of 10 withdrawals that banks mange through tellers in an hour, ATMs are able to manage twice the number.

ATM withdrawals are limited to Rs2,500 at a time from dispensers recalibrated to take new notes. Those that haven’t been reprogrammed will ...

A working group was formed which included of representatives of ATMs manufacturers like NCR, Diebold Nixdor, cash in transit companies.

Availability of the new Rs 500 notes will be a big relief as the Rs 2,000 notes won't help in everyday transactions, resulting in a higher ...

SBI Deputy Managing Director and Chief Information Officer Mrutyunjay Mahapatra said, "We are pleased to be associated with market leaders ...

There has been a gradual shift for banks to use self-service kiosks to help customers do all basic retail banking through machines.

NCR expects to grow at an average of 15-20% annually next few years as government's financial inclusion schemes such as Jan Dhan Yojna offe...

Govt's approval for 100 per cent FDI under the automatic route in White Label ATMs (WLAs) is the first of many steps to be taken.

Recyclers lower the cash handling costs for a bank. NCR Corporation new ATM machine are expected to be cost efficient as well as energy sav...

Sriram declined to comment on the impact of the recent review of the ATM fee policy, merely saying "we shall wait for the quarterly results...

In 2009, the central bank had asked lenders to ensure that one-third of their ATMs were talking ATMs.

Global technology company, NCR Corporation, has signed an agreement with the country's largest commercial bank State Bank of India and 15 o...