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RBI bats for cardless cash withdrawal at ATMs of all banks

The Reserve Bank on Thursday asked banks to provide the option of Interoperable Card-less Cash Withdrawal (ICCW) at their ATMs, a move aimed at curbing frauds like skimming, card cloning and device......

ATM fees get costlier

Customers can no longer hope to pay just a small fee for ATM usage. The Reserve Bank-promoted National Financial Switchhas given in to demand from large banks for a withdrawal of the 50 per cent......

National ATM platform still a dream

The Reserve Bank of India promoted National Financial Switch has remained unsuccessful in its mission to become the central platform for shared ATMs. Shared ATM networks set up by groups of banks -......

All ATMs under one umbrella soon

Automated Teller Machines of all public and private sector banks in the country will be brought under the National Financial Switch umbrella of the Reserve Bank of India by July, 2005.The project,......

ICICI Bank withdraws from common ATM platform

The Reserve Bank of India-sponsored National Financial Switch, a common platform to ensure inter-connectivity of ATM networks and to provide for funds settlement across various banks, has run into......

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