In what may have significant implications for ATM deployment and other aspects of credit union operations, a study from Javelin Strategy and Research has found that debit and credit cards have overtaken cash for the bulk of sales volume at the retail point of sale.
Debit card volume passes that of cash at the point of sale. This preview article from next week's print edition examines the implications.
ATM deployersmay find that having the Consumer Financial Protection Bureau in charge of payments regulation to be more of a help than a hindrance, according to a CFPB official.
The issue of lawyers filing a growing number of lawsuits over ATMs missing disclosure signs has moved from being a mere nuisance to credit unions to meetings with federal lawmakers and President Obama’s administration seeking relief.
Credit unions, banks, independent ATM deployers and convenience store operators seek relief from congressional committees.
The ATM Industry Association wants ATM deployers to exercise more caution when discarding decommissioned ATMs.
The ATM Industry Association has issued a white paper on best practices for disposing of what could be both an environmental and security threat.
In March 2011 the Americans with Disabilities Act will require ATMs to offer voice-guided features making them easier to use for people who are blind.
John Shepherd-Baron, the Scotsman who has been recognized as the inventor of the Automated Teller Machine has died in Inverness, Scotland. He was 84.
NAFCU has written a letter to U.S. Senators about one of the amendments to the Restoring American Financial Stability Act of 2010 that has drawn little attention, a measure that would cap ATM fees at fifty cents per transaction.