Post Tagged with: "ATMs"

Invest in ‘Everything’ to Stand Out, Wells COO Says

Invest in ‘Everything’ to Stand Out, Wells COO Says

by June 7, 2016 at 12:06 pm 1 comment

In a sluggish, low-rate economic environment, banks find it increasingly harder to differentiate from the competition. For Wells Fargo, addressing that challenge involves continuous investments, as much in mobile as in bank branches, according to COO Timothy Sloan. “To be able to differentiate yourself, we have to be able to provide ourRead More

Say Hello to Our Spring 2016 Class of Startups

Say Hello to Our Spring 2016 Class of Startups

by April 28, 2016 at 11:00 am 0 comments

Bank Innovation INV, this blog’s fintech accelerator, is pleased to today to announce the six extraordinary startups that have been admitted to its inaugural class. The companies selected from applications received from startups around the world are: CrossCues Dyme GoldBean Hermetic Security Spare We Are Briqs The companies, chosen after aRead More

Genuine Introvert's Nest

In Chase’s New Digital Lobby, Teller Windows Are Out of Sight (Literally)

by February 26, 2016 at 4:55 pm 1 comment

Want a peek at the bank of the near future? At JPMorgan Chase’s Manhattan headquarters, digital technology and interior design came together in a model branch that Bank Innovation toured last week.  As with many branch-of-the-future models, self-service via tablets and enhanced ATMs, as well as fluid movement around the space, areRead More

Chase Pay Demo [VIDEO]

Chase Pay Demo [VIDEO]

by February 26, 2016 at 10:00 am 2 comments

Bank Innovation’s own Brad Bergan — our newest editor — visited JPMorgan Chase’s model branch yesterday, checking out several new flavors of ATMs, as well as demoing the bank’s forthcoming digital wallet, Chase Pay. The bank plans to release Chase Pay widely in mid-2016. Earlier this week, Chase struck aRead More

Shocking Security Failure Uncovered in NCR, Diebold ATMs

Shocking Security Failure Uncovered in NCR, Diebold ATMs

by February 10, 2016 at 11:18 am 0 comments

Traditionally, skimming seems like the most low-brow of security breaches in banking. Until Monday. That’s when what can only be described as a shockingly sophisticated skimming scheme was uncovered by KrebsOnSecurity, a leading security blog. What’s more, the scheme exposes what can only be described as an eyepoppingly idiotic security protocolRead More

Everyone Can Become an ATM with MoolahMe

Everyone Can Become an ATM with MoolahMe

by May 4, 2015 at 11:07 am 3 comments

MoolahMe, which was a runner-up at this weekend’s TechCrunch Disrupt hackathon, wants everyone to be an ATM. Here’s how it works: Let’s say you need some cash. You put a query out for someone to give you, say, $20. Someone who has $20 of cash nearby will indicate that sheRead More

Wells Fargo Leaks Its Ambitious Mobile Skunk Works

Wells Fargo Leaks Its Ambitious Mobile Skunk Works

by January 15, 2015 at 10:18 am 1 comment

What’s next from Wells Fargo & Co.’s mobile channel? Here are the internal projects Wells is investing in now, courtesy of none other than John Shewsberry, the megabank’s chief financial officer: Wells is building an appointment application that will allow its customers to set up meetings with Wells bankers usingRead More

Everything You Need to Know About Prepaid

Everything You Need to Know About Prepaid

by August 14, 2014 at 5:38 pm 0 comments

Prepaid cards offer a significant opportunity to broaden product lines and modernize customer‐facing applications without massive changes to core processing systems. How should financial institutions grapple with, take advantage of, or succumb to prepaid in the coming decades?

Ignore the Banking Studies?

Ignore the Banking Studies?

by March 25, 2014 at 10:22 am 1 comment

You can find data to tell you just about anything about banking these days. That’s not a good thing. This morning I came across two banking studies that, while not exactly contradictory, seem to be implying two opposing trends. On the one hand, there is the Bankrate.com study released today thatRead More

Don’t Be Too Impressed with Diebold’s Mobile ATM Authentication Pilot

Don’t Be Too Impressed with Diebold’s Mobile ATM Authentication Pilot

by March 24, 2014 at 12:04 pm 0 comments

Last Thursday, Diebold, the ATM company, began piloting mobile authentication for its cash machines. Rival NCR had the technology in the summer of 2012. Not that you could immediately tell from all the chest-thumping from the North Canton, Ohio, ATM company. In a little-watched video interview with American Banker (see below),Read More