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Euronet Services India

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E-wallets fast becoming the cards of choice

In the excitement over the allocation of bank licences for the private sector, a new category of licence offered by the Reserve Bank of India (RBI) last year went almost unnoticed. Illustration:......

RBI's diktat for ATMS will be a costly affair

The new requirements include a shift to cassette swap system, mandate armed guards while transferring money as well as a host of other measures that would require huge investments. Illustration:......

DeMo aftermath: Cash crunch hobbles White Label ATMs

The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling. Illustration: Uttam Ghosh/Rediff.com White label ATMs......

Industry awaits clarity on white-label ATMs

There are about 87,000 ATMs in the country, all owned by banks. According to market players, 10,000-15,000 of these are outsourced to companies for maintenance. This model is known as the......

What if our ATM network is hacked?

Very often we all have used Automated Teller Machines (ATMs) to withdraw money. But only a few of us think about the repercussions of an attack on a national centralised server which manages the......

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