19 October 2017
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Latest automated teller machines and network services news

ATM jackpotting for dummies; Yours for just £3,788
Retail banking

ATM jackpotting for dummies; Yours for just £3,788

18 October 2017  |  3413 views  |  0 comments | 2 tweets | 5 linkedin

Kaspersky Lab has discovered an ATM jackpotting kit for sale on the Dark Web which provides step-by-step instructions for non-techies to crack open a cash machine.

ATM overdraft hack helps crooks steal millions from ex-Soviet banks
Security

ATM overdraft hack helps crooks steal millions from ex-Soviet banks

10 October 2017  |  4503 views  |  0 comments | 6 tweets | 8 linkedin

Hackers have stolen millions of dollars from banks in former Soviet states by breaking into their IT networks to increase overdraft limits on fraudulently opened accounts and then making ATM withdrawals.

Former Westpac exec fights fraudsters with Da Vinci card
Payments

Former Westpac exec fights fraudsters with Da Vinci card

10 October 2017  |  6849 views  |  9 comments | 11 tweets | 18 linkedin

A former senior security executive at Westpac has founded a firm that lets people put all of their cards on a single piece of plastic that generates one-time PINs for transactions.

ATM black box attacks soar in Europe
Cards

ATM black box attacks soar in Europe

06 October 2017  |  7019 views  |  0 comments | 5 tweets | 8 linkedin

Europe saw a surge in the number of ATM black box attacks - where devices are attached to machines and command cash outs - in the first half of 2017.

Aussie banks scrap ATM fees
Retail banking

Aussie banks scrap ATM fees

26 September 2017  |  3661 views  |  1 comments | 3 tweets | 8 linkedin

Australia's big four banks are ditching the fees they charge non-customers for using their cash machines.

Monzo launches poll on overseas ATM fee levels
Retail banking

Monzo launches poll on overseas ATM fee levels

13 September 2017  |  8069 views  |  0 comments | 10 tweets | 8 linkedin

Monzo is ditching free overseas ATM withdrawals after concluding that the feature is costing it too much. However, rather than simply imposing a fee, the UK digital bank is now asking customers to vote on how it should charge them.

Satellite problem shuts down Indonesian ATMs
Retail banking

Satellite problem shuts down Indonesian ATMs

28 August 2017  |  4006 views  |  0 comments | 1 tweets | 7 linkedin

A problem with a telco-owned satellite knocked out thousands of cash machines in Indonesia over the weekend.

CBA blames money laundering reporting failures on ATM coding error
Payments

CBA blames money laundering reporting failures on ATM coding error

07 August 2017  |  9579 views  |  1 comments | 4 tweets | 6 linkedin

Commonwealth Bank of Australia has blamed a three-year coding error in its intelligent deposit machines (IDM) for breaches of anti-money regulations.

EBA reviews regulatory regime in light of fintech
Retail banking

EBA reviews regulatory regime in light of fintech

07 August 2017  |  12158 views  |  0 comments | 13 tweets | 13 linkedin

The European Banking Authority is stepping up its scrutiny of new fintech-related advances in financial services provision, promising to identity and close gaps in supervision.

NatWest celeberates 50th anniversary of its first ATM with cash rewards
Cards

NatWest celeberates 50th anniversary of its first ATM with cash rewards

02 August 2017  |  7210 views  |  0 comments | 3 tweets | 4 linkedin

NatWest is celebrating the 50th anniversary of its first ATM by doling out £171 to randomly selected customers, the cash equivalent of what £10 would have been worth back in 1967.

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