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Diebold has unveiled an ATM that can be used for cardless withdrawals
USA | January 2013


Diebold, the American ATM manufacturer recently presented its new ATM at the Consumer Electronic Show (CES) in Las Vegas. This innovative machine, which will be tested by banks during 2013, enables users to make withdrawals without a card. Users scan the ATM’s QR code with their mobile phone which then syncs with the ATM via the cloud. After having selected the withdrawal amount on their phone, users then receive, via their smartphone, a one-time code which enables them to withdraw the required cash amount from the ATM. Users can also send money to third parties by transmitting the code to them. This type of machine could help banks save money by reducing the number of bank cards issued.




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Bank Mandiri is targeting unbanked mobile phone users

Indonesia - June 2014



In Indonesia, Bank Mandiri has recently launched Mandiri e-cash, a mobile app, compatible with Android, iOS, Nokia and Blackberry devices. This is the first such app to be launched in Indonesia and it enables users to make payments via their mobile phone. Bank Mandiri is targeting the millions of Indonesians who do not have a bank account, but have a mobile phone. The bank estimates that there are 240 million mobile phones in the country, whereas only 60 million people in Indonesia have a bank account.



News summary compiled by Efma Information Services

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Bitcoin ATMS are spreading across the world

World - February 2014



Robocoin, the Las Vegas based company, is continuing to roll out its Bitcoin ATMs. After a first ATM in Vancouver, Robocoin has installed ATMs in the United States (Austin, Seattle and Washington) and again in Canada (Calgary). Robocoin also intends to continue to install its ATMs abroad, by expanding into Asia and Europe. The Bitcoin ATMs enable users to exchange bitcoins for cash or to buy bitcoins with cash or via an electronic wallet.



News summary compiled by Efma Information Services

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CO-OP offers small credit unions access to a nationwide network of ATMs

USA - January 2014



In the United states, CO-OP Financial Services, a financial institution set up by credit unions has rolled out its Small Credit Union Program, which offers member credit unions access to a vast network of ATMs across the whole of the United States. By pooling their networks of ATMs, the credit unions can compete in a more cost-effective way with the large US banks. The nationwide network includes participating 7-Eleven, Cumberland Farms, Costco, Publix and Walgreens merchant locations.



News summary compiled by Efma Information Services

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