Atm

ATM cassette-swaps to start in June as cash refills go contactless

Move will align cash-handling business with global standards, clamp down on fakes, accounting discrepancies

Printed receipts from ATM or grocery store may be toxic, says report

The most common were grocery stores, restaurants, department stores, drugstores, and gas stations, among others. They found about 80 per cent receipts had the presence of bisphenol

Phasing out? Only 15-20% of ATMs dispense Rs 2,000 currency note

Cash dispensers reconfigure cassette with lower denominations

Three grain ATMs installed in UP to dispense monthly ration to card-holders

Standing in a long queue outside the ration shop to get the monthly ration has become a thing of the past, as the unique Annapurti grain ATM installed here at a fair price shop takes merely 30 seconds to dispense wheat and rice to the ration card holder. The grain ATM was installed in the Jankipuram area of the state capital on March 15, and so far, it has dispensed grains (rice and wheat) to nearly 100-150 ration card holders. Elaborating further about the grain ATM, which gives a real bank ATM-like feeling, Pankaj Giri at whose fair price shop the machine is installed, told PTI, "This grain ATM started on March 15. The government has provided it. Before installing the grain ATM, it took nearly 2-3 minutes to give the foodgrains. "But, now with the grain ATM, this time has come down to 30 seconds. So far, grains have been dispensed to 100-150 ration card holders through the new machine." He added that officials imparted training and the operational mechanism of the machine to him,

Interchange of Rs 17 at ATMs is not viable: Navroze Dastur of NCR Corp

In a Q&A, the country managing director of the world's largest ATM maker, says he sees a lot of banks come to firms such as his to run their ATM network for them in the future

RBI fines Vakrangee Rs 1.76 cr for violating order on ATM deployment goals

Central bank had first issued show-cause; latest action follows company's response to the notice

How to generate or reset your ATM Card's PIN? Check different ways

Forgot your ATM pin? Check out details to reset or regenerate your ATM pin and how to protect yourself from ATM fraud

RBI asks for option of interoperable card-less cash withdrawal at ATMs

NPCI advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.

RBI seeks option of interoperable card-less cash withdrawal at ATMs

NPCI has been advised to facilitate Unified Payments Interface integration with all banks and ATM networks, says RBI

Monetary policy review: Soon, withdraw cash from any ATM using UPI

This is expected to enhance ease of transactions and eliminate frauds at the same time

ATM service charges increase, to cost Rs 21 per transaction from Saturday

ATMs across banks are all set to increase service charges per transaction from Saturday, following an order from RBI and customers will have to Rs 1 more beyond permissible free transactions

ATM usage to become expensive from Jan 1: Here's why

Using ATMs beyond the permissible free transactions for cash as well as non-cash purposes will cost more from Saturday.

Cash will always grow, is linked to economic growth: CMS Info Systems chief

In a Q&A, executive vice chairman & CEO Rajiv Kaul dwells on the firm's business structure, growth plans and the future of the ATM industry

Starting October 1, RBI to levy penalty on ATMs that run out of cash

Penalty of Rs 10,000 per ATM will be levied in the event of a cash-out situation for more than 10 hours in a month

RBI hikes ATM interchange fee per transaction from Rs 15 to Rs 17

The increase comes after 9 years

Cash usage now at pre-demonetisation levels: CMS Info Systems report

The report stated that industries, such as logistics and jewellery, had seen the biggest increase in usage over the past two years

PhonePe to create world's biggest ATM network of 2 mn in India by year end

A week ago Sameer Nigam-led PhonePe launched its own ATM, a first of its kind service in India that enables neighbourhood stores to act as ATMs for PhonePe users

RBI, Home Ministry circulars on ATM security, logistics miss deadlines

Software upgrade of bank ATMs will be delayed

RBI asks banks not to count failed attempts in 'free ATM transactions'

Besides, use of ATMs for balance enquiry and fund transfers too should be not part of the free transactions facility given to a customer

Letter to BS: Banks, airlines are milking the consumer with one-sided laws

No one seems to worry about things that will make the life of an individual easier