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Rejigging ATMs for new Rs 100 notes will cost Rs 1 bn

A representative of the Confederation of ATM Industry said ATM players were not consulted about the move and they received the news via media platforms. The new Rs 100 notes will require a......

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......

How 3.2 million debit cards were compromised

Report holds Hitachi responsible for debit card data theft.When the data theft came to light, Hitachi had denied that its systems were compromised.Nupur Anand reports from Mumbai. An interim......

Banks recall over 32 lakh debit cards; govt seeks details

The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM network of Yes Bank Hit by an unprecedented ATM security breach, several......

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......

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Loney Antony

News for Loney Antony

Rejigging ATMs for new Rs 100 notes will cost Rs 1 bn

DeMo aftermath: Cash crunch hobbles White Label ATMs

How 3.2 million debit cards were compromised

Banks recall over 32 lakh debit cards; govt seeks details

Industry awaits clarity on white-label ATMs

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