ATM

AGS is the second largest ATM servicing and cash management in the country with presence across 2,200 cities and towns

The Supreme Court on Tuesday set aside a Gauhati High Court order for round-the-clock manning of ATMs to ensure one customer entry at a time. A bench of Justices B R Gavai and K Vinod Chandran took note of the submissions of solicitor general Tushar Mehta, appearing for some banks, that it was not practical to deploy security guards round the clock at all ATMs. "In Assam, we have around 4,000 ATMs. We cannot have one security guard at all the ATMs. The worldwide recognised system is to have CCTVs," he said. Mehta said the apex court in December 2016 stayed the high court's direction, which could be made absolute. He said the petitioner banks, including the State Bank of India, had no grievance in accepting the other directions issued by the high court in December 2013 concerning security protocols for proper functioning of ATMs. The bench allowed the petition and set aside the direction issued by the high court which read, "Place security guards round the clock at all ATMs so that

UPI Interoperable Cash Deposit lets customers add cash to their own or any bank account via UPI at ATMs run by banks and white-label ATM operators, simplifying cash deposits

The Annapurti Grain ATMs will be launched in all the districts of the state

The Confederation of ATM Industry has approached the RBI to hike the ATM interchange fees by Rs 2

The country's largest WLAO, India1, with a tad over 13,000 units, feels it can double deployments by FY28

Running out of cash but can't reach a bank or ATM? Fear not! India Post Payments Bank's Aadhaar ATM (AePS) service lets you withdraw cash using your Aadhaar number for verification

Going ahead, a customer can take a wad of notes to a CRM and use UPI to activate the process of depositing it rather than insert their debit card into the slot

Banks must move beyond being transaction platforms to act as facilitators guiding customers

State-owned Bank of Baroda (BoB) on Friday announced that it has enabled the UPI ATM facility at over 6,000 ATMs across the country. It is the first public sector bank to launch UPI ATMs, in coordination with the National Payments Corporation of India (NPCI) and powered by NCR Corporation, BoB said in a statement. Customers as well as customers of all participating issuer banks using any UPI-enabled Mobile app can withdraw cash from Bank of Baroda UPI ATMs without using their debit card, it said. Using the Interoperable Cardless Cash Withdrawal (ICCW) technology, which facilitates cardless cash withdrawals through ATMs, the UPI ATM enables seamless QR-based cash withdrawals, doing away with the need to carry a Card to withdraw cash, it said. One of the major benefits of the UPI ATM facility is that customers can withdraw cash from multiple accounts linked to UPI, it said. UPI ATM transactions are also quicker, convenient, and secured as they generate a single-use dynamic QR code f

The Hitachi Money Spot UPI ATM is built on Android OS and will allow cardless cash withdrawals

Move will align cash-handling business with global standards, clamp down on fakes, accounting discrepancies

The most common were grocery stores, restaurants, department stores, drugstores, and gas stations, among others. They found about 80 per cent receipts had the presence of bisphenol

Cash dispensers reconfigure cassette with lower denominations

Standing in a long queue outside the ration shop to get the monthly ration has become a thing of the past, as the unique Annapurti grain ATM installed here at a fair price shop takes merely 30 seconds to dispense wheat and rice to the ration card holder. The grain ATM was installed in the Jankipuram area of the state capital on March 15, and so far, it has dispensed grains (rice and wheat) to nearly 100-150 ration card holders. Elaborating further about the grain ATM, which gives a real bank ATM-like feeling, Pankaj Giri at whose fair price shop the machine is installed, told PTI, "This grain ATM started on March 15. The government has provided it. Before installing the grain ATM, it took nearly 2-3 minutes to give the foodgrains. "But, now with the grain ATM, this time has come down to 30 seconds. So far, grains have been dispensed to 100-150 ration card holders through the new machine." He added that officials imparted training and the operational mechanism of the machine to him,

In a Q&A, the country managing director of the world's largest ATM maker, says he sees a lot of banks come to firms such as his to run their ATM network for them in the future

Central bank had first issued show-cause; latest action follows company's response to the notice

Forgot your ATM pin? Check out details to reset or regenerate your ATM pin and how to protect yourself from ATM fraud

NPCI advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.