Page 2 - Atms

ATM cash withdrawals are coming back steadily, and so is deployment

ATMs to touch 365,000 by 2027, more in semi-urban, rural areas

Reviewing scheme to penalise banks for dry ATMs, says RBI

The scheme, which is aimed at ensuring availability of sufficient cash for the public through ATMs, has come into effect from October 1, 2021.

Dwindling business model: Can ATM industry continue in its present avatar?

ATM deployment has crossed 250,000 units, after hovering between 225,000 and 235,500 for almost five years

430 million Jan Dhan accounts have Rs 1.46 trillion, shows data

Seven years after the initiative was launched, the average deposit per account is Rs 3,398, which has increased 2.7 times over August 2015

El Salvador readies Bitcoin rollout with 200 ATMs for conversion

The government will install 200 of the teller machines to initially accompany its digital wallet called Chivo, a local slang term for 'cool,' President Nayib Bukele said on Twitter

CMS Info Systems files draft papers with Sebi to garner Rs 2,000-cr via IPO

The company's initial public offer (IPO) is a pure offer for sale by promoter Sion Investment Holdings Pte Limited, as per the DRHP

Top headlines today: RBI policy, ATM network, NSE's IPO, and more

Here are the top headlines on Monday morning

ATM networks will have to be reinvented to face the onslaught of technology

Demonetisation provided the first serious wake-up call that cash will not be king for long, and the business of vending it will have to be reworked

Bank officers' union proposes guards for unmanned ATMs to check frauds

Bank officers' union AIBOC on Wednesday made a case for deployment of guards at all ATMs to check frauds.

HDFC Bank deploys mobile ATMs across 50 cities in India amid Covid-19

These ATMs have been deployed in various metros and non-metros in view of the restrictions imposed by Covid-19, the bank said.

Amid Covid, HDFC Bank deploys mobile ATMs across 50 cities in India

These ATMs have been deployed in various metros and non-metros in view of the restrictions imposed by Covid-19

Cyptocurrency trading frenzy fuels boom of Bitcoin ATMs in parts of US

Bitcoin's growing popularity has been the primary driver for new installations

Cash logistics business is on the cusp of change as digital payments soar

Deregulation of the currency chest system will act as the game changer

Migration from cash-based economy to digital is a work in progress: RBI

Still a long road ahead, especially across Tier III-VI) and societal cross-sections (senior citizens, migrant workers), apex bank in booklet on Payment Systems

RBI imposes Rs 1 cr penalty on PNB for unauthorised ATM operations

The Reserve Bank of India (RBI) imposed the Rs 1 crore penalty for "contravention of the nature referred to in Section 26 (6) of the Payment and Settlement Systems Act, 2007 (PSS Act)", it added

CMS Info Systems acquires ATM business of Logicash Solutions in India

Apart from ATM and cash management, CMS does maintenance and card personalisation services

Re-validation of details may be needed for cheques above Rs 50K from Jan 1

Availing of this facility would be at the discretion of the account holder

RBL Bank launches cardless cash withdrawal facility through ATMs

RBL Bank on Thursday said it has launched cardless cash withdrawal facility from ATMs, leveraging the Instant Money Transfer (IMT) system

Many ATMs in West Bengal running short of cash due to Covid-19 restrictions

Several ATMs in West Bengal are running short of currency as private entities entrusted with the cash-filling task are operating with skeletal staff

Point-of-sale terminals yet to fire despite repeated nudges by RBI

It's important to note that unlike ATMs, the scheme is not advertised or visible to the general public