Page 3 - Atms

White label ATMs: Safe to assume the business is a resounding flop?

The business dynamics are stacked against white label ATMs, which could impact the government's goal of financial inclusion

Coronavirus impact: SBI goes virtual to reach out to its customers

The country's largest bank kept about 22,000 branches and 60,000 ATMs running during the lockdown

RBI relaxes norms for the deployment of ATMs by white-label players

The total number of ATMs in the country has fluctuated at around 240,000 levels since demonetisation on the back of rising operational costs and the emergence of digital modes of payment

Top biz headlines: ATMs to become virtual bank branches, Airtel deal & more

Here are the top 10 headlines on Tuesday morning

Bank liable for unauthorised online transaction

The National Commission observed that there was a security breach of the bank's net banking system

Banks, insurance firms to work as usual in new guidelines for Lockdown 2.0

Bank branches are allowed to work as per normal working hours till disbursal of DBT cash transfers are complete

Ours is open-banking model of the times: PayNearby's founder & CEO Bajaj

PayNearby's managing director & chief executive officer plans to raise $50 million through equity dilution in what is inherently a 'people's business'

Keep banking channels up and running; maintain smooth cash withdrawals: FM

Banks are expected to witness a surge in transactions across channels next week, owing to salary payments to employees

The Ministry of Acronyms, Shlokas and Slogans

Whenever there's corona to be combatted, or banknotes to be withdrawn, this new ministry would come up with the necessary acronyms

Banks plan to shut down most branches during coronavirus lockdown: Report

India is still very much a cash society and banks have been exempted from a 21-day lockdown that began this week as they are considered an essential service

240,000 ATMs to be recalibrated, but consumers need not worry, says FIS

In case of recalibration the number of withdrawals would increase as only lower denomination notes were likely to be dispensed

Rs 500 notes to push Rs 2,000 out in mega ATM reboot: Things you must know

Biggest recalibration since demonetisation; Rs 2,000 notes to remain legal tender but to be pulled out of circulation

Soon, you will be charged even for failed transactions at Axis Bank ATMs

The proposed fee will be Rs 25 per transaction; the bank has uploaded a notice on its website listing this and three other charges coming into effect from 1 April 2020

Now, switch on/off your card for online payment, set transaction limits

Facilities can be activated only when the customer specifically requests for it

Financial inclusion in 'Maoist zone' a daunting task for bank authorities

Chhattisgarh has asked bankers to streamline financial inclusion in restive region

How vulnerable are bank ATMs?

Many customers are careless; they use overly simple and non-random PINs (such as date of birth), and do not change PINs periodically, compromising security

Transaction fees to safety: Why ATMs give customers a headache

Know your rights, follow good practices and use simple strategies to reduce charges

Cash in circulation rises, hindering Modi govt's digital economy push

Ratio of currency in circulation to GDP has risen to 11.23 per cent as of March 2019, putting question mark over demonetisation aim.

RBI tightens norms for banks, up penalties for failed ATM transactions

The financial compensation should be done suo motu by the bank, without waiting for a complaint or a claim by a customer, the RBI said

RBI asks banks to grout ATMs to wall, floor for security by September-end

As part of the security measures, all "ATMs shall be operated for cash replenishment only with digital One Time Combination (OTC) locks"