When will ATM fraud end?

Here is some analysis from a site in the Phillipines. 

First, automated teller machine (ATM) users will just have to be keener about where their mother bank’s cash dispensers are if they want to avoid the higher charges to be imposed for using other banks’ ATMs.
The country’s major banks made this announcement last month citing higher ATM costs. They also said that the last increase in ATM fees for internetwork withdrawals had been in 2005, and were no longer enough to maintain security and service levels.

Don't forget to check out ATMs for Amateurs by Josef Toth.

Nanumba District gets first ATM

An impoverished area of Ghana just got its first ATM. 

Ghana Commercial Bank Ltd. (GCB) has brought modern banking services to the Nanumba district and surrounding communities with the provision of ATM services at the new branch of the Bank in Bimbilla.
GCB Bimbilla branch has been relocated to more spacious environs in view of the level of business being handled by the Bank in the district. From three teller points, the branch now has five -- and these are to be complemented by services of the ATM.

Don't forget to buy ATMs for Amateurs by Josef Toth. 

Do you know how to keep safe from ATM hackers?

Don't forget to check out ATMs for Amateurs by Josef Toth.

A Working Bitcoin ATM Is in San Diego, But Its Most Vocal Backer Is Gone

Bitcoin ATMs may soon be all the fad. One in San Diego is up and running.

 Behold: The world's first bitcoin ATM was set up for a press day in a ballroom at some hotel in San Diego. Local San Diego news outlet ABC10 wouldn't allow video embedding from YouTube, but you can watch the report here. The story of how it came to be is about as strange as you'd expect from the cryptocurrency world.About a month ago, amidst Cyprus's bank crisis, Jeff Berwick, an anarcho-capitalist from Canada, did what any entrepreneurial opportunist does. He announced his plans to set up an ATM based around bitcoin. Terminal access to the decentralized currency, Berwick thought, would be irresistible to citizens trapped by a dwindling national banking system. Berwick's ATM, a "bi-lateral" machine, would allow customers to both deposit and withdraw cash in exchange for bitcoins.

Don't forget to buy ATMs for Amateurs by Josef Toth. 

Skimmer used in Montgomery County ATM thefts

Here's another example of skimmers used in an ATM theft. 

Technology has a way of making things so impersonal.

Police say two men in Montgomery County didn't commit armed robbery or even mug a late night walker but instead used a basic looking piece of plastic to rob dozens from afar.

The device is called a skimmer. It comes in a variation of shapes and sizes and fits perfectly over the card slot of an ATM machine. The problem is that it's nearly impossible to detect.

Don't forget to buy ATMs for Amateurs by Josef Toth. 

Major Bank Pact Signed

This news comes from China. 

NCR Corp. has announced a 5-year technology services agreement with China Resources Bank of Zhuhai. The manufacturer will provide hardware maintenance for more than 200 NCR-branded ATMs owned by the bank.
China Resources Bank of Zhuhai operates four branches and 50 sub-branches in Zhuhai, Shenzhen, Zhongshan and Foshan, under which there are 50 sub-branches. The bank aims to increase its ATM availability with improved support services, and has decided to shift to original ATM hardware vendors for service maintenance to drive higher availability.

Don't forget to check out ATMs for Amateurs by Josef Toth. 

Users complain of ATM malfunctions

In the Middle East, there's an epidemic of ATM malfunctions. 

Saudis and expats have complained of technical malfunctions in ATM machines, which authorities say have occurred as a result of high withdrawal rates during the four-day weekend.Talaat Hafiz, secretary-general of the Media and Banking Awareness Committee for Saudi Banks, said that banks have established operation rooms to monitor ATMs.“There are action teams that monitor and conduct inspection of machines,” he said

Don't forget to check out ATMs for Amateurs by Josef Toth. 

The Consequences of Living in a Cashless Society

According to this story, there's a shortage of ATMs in Sweden.

Living in a cashless society is fine — unless you want cash, as citizens of Sweden have discovered. Then just try and find an ATM.
Ice News reports that Sweden now has the second-lowest ATM:population ratio in the EU, with an averate of 3.2 machines per 10,000 people.
On the other hand, the company is one of the highest ranking countries for non-cash payments. A recent report said the country potentially could be entirely cash-free by 2030.

Don't forget to check out ATMs for Amateurs by Josef Toth. 

Sweden Has ATM Shortage

Here's a story of supply of ATMs not meeting demand coming from Europe. 

Sweden has the second lowest density of cash machines in the EU, with 645 of them being made obsolete in the past two years alone.
The ATM density has now fallen to its lowest since 1994, with an average of 3.2 per 10,000 people, according to the Svenska Dagbladet newspaper. The worst affected regions in the country are Östergotland and Uppsala.

Don't forget to buy ATMs for Amateurs by Josef Toth. 

Two arrested following ATM 'cash trap' device warning

Here's another story of ATM theft.

Cleveland Police said a number of people had reported using a cash machine but not receiving any money.

Police stopped and searched a car on the A19 on Saturday and found a large amount of money and a device thought to be used on ATMs to collect cash.

Two men aged 24 and 26, from Manchester have been arrested on suspicion of theft in connection with the incident.

Don't forget to buy ATMs for Amateurs by Josef Toth. 

ATM Purchases Question

One state is cracking down on ATM withdrawals by welfare recipients.

Arizona’s cash-assistance welfare program is intended to help the poorest of the poor feed and clothe their children, and for the most part, it does.
But a small percentage of recipients, who must earn no more than $4,164 a year for a family of three, are using the money to pay for booze, cigarettes, poker games, strippers and travel to places like Times Square, Disneyland and Hawaii, according to Arizona Department of Economic Security records obtained by The Arizona Republic.

Don't forget to buy ATMs for Amateurs by Josef Toth.

Bitcoin ATMs in the USA by the End of 2013?

According to this article in Time Magazine, Bitcoin ATMs will hit the US by the end of 2013.

Bitcoins, the online currency built on cryptography and beloved by libertarians, could be available for purchase through specialized ATMs in the United States this year.

At least two firms have plans to ship out Bitcoin ATMs to American cities in the coming months. Robocoin, the Las Vegas-based firm rolling out the world’s first Bitcoin ATMs in Canada this fall, plans to ship 12 to 15 of the units by the end of the year. “We are working on deals right now in the U.S. that should deliver in December or January.Los Angeles, Florida, NYC, Austin, to name a few,” Robocoin CEO Jordan Kelley told TIME in an email.

Don't forget to check out ATMs for Amateurs by Josef Toth.

Police Search for ATM Skimmer in New Hampshire

An ATM skimmer is being sought. Here's the details of this story. 

Police are enlisting the public's help in identifying a suspect who obtained account information of Bank of America customers by placing a "skimming device" on the bank's downtown ATM.

Detective Sgt. John Peracchi said police are investigating the discovery of the skimming device that was placed on the ATM near Market Square between the dates of July 14 and July 18. The device was discovered by a customer using the ATM and was reported to police in late July, he said.

Don't forget to check out ATMs for Amateurs by Josef Toth.

Australian Criminals Go High Tech

ATMs in Australia are having to deal with all sorts of high tech thievery. Here's the story.

The winner was pretty pleased, and although it hasn't arrived yet, he's already emailed us with some ideas of what he's thinking of using it for. (Nothing controversial, honest!)

3D printers work by building up an object layer by layer, typically out of some kind of polymer, accumulating material in the desired pattern until you have a finished product.

The trendy term for this is additive manufacturing, unlike a milling machine, which cuts away the parts you don't want until what's left behind is the finished product.

Don't forget to buy ATMs for Amateurs by Josef Toth. 

Punjab Nat'l Bank intros reloadable debit card

Check out this new ATM technology from an Indian bank. 

Punjab National Bankhas launched a branded prepaid ATM debit card that can be used to make withdrawals at ATMs, transact purchases on- or offline and pay utility bills.

According to a report by India Times, the card is the first such instrument to be launched by a nationalized bank in India. The card may be recharged at any PNB branch in the country.

India Times cited a release that said that rather than carry cash, citizens can use the prepaid ATM debit

 Don't forget to check out ATMs for Amateurs by Josef Toth. 

Indian villagers to get 'water ATM' network

Here's an example of where ATM technology may be headed.

For the equivalent of one penny a time, thousands villagers whose own supplies have been contaminated by sewage will be provided with 10 litres of drinking water that is guaranteed to be clean.

The water will be dispensed via a system similar to cashpoints, with self-service kiosks that supply the water in return for a single Indian rupee.

A leading Congress Party MP and his brother have already set up a pilot scheme to bring affordable clean water to his constituents in Kanakapura, a rural suburb of India's high-tech capital Bangalore.

Don't forget to check out ATMs for Amateurs by Josef Toth.

Detroit Man Gambled Away Over $1.5M After ATM Error

Electronic errors can cost lots of money when they occur at an ATM. 

A Detroit man is facing 15 months in prison after he was able to withdraw unlimited ATM cash from his Bank of America account that only held a few dollars.
Ronald Page, 55, took advantage of a bank mistake that placed his account into a "pay all' status that allowed him to withdraw unlimited overdrafts, the U.S. Attorney's Office in Detroit said. And withdraw he allegedly did: From August 1 to 18 in 2009, Page hit the ATMs, mostly at casinos, and cashiers --for $1,543,104.

Don't forget to buy ATMs for Amateurs by Josef Toth. 

Suspect in attempted armed ATM robbery arrested

Another thief gets arrested in attempted ATM heist. 

A judge set bail at $25,000 cash Tuesday for a Somersworth man who allegedly tried to steal cash from someone at an ATM after discovering the bank he wanted to rob was closed for Labor Day.
Court officials said Eric W. Rouleau, 33, of Prospect Street, was ordered held on the high cash bail following a video arraignment in the 7th Circuit Court, District Division in Dover. Bail conditions mandate that Rouleau have no contact with the alleged victim and stay at least 50 feet away from the Rollinsford TD Bank branch if he posts bail.

Don't forget to buy ATMs for Amateurs by Josef Toth. 

HSBC cards no longer work in many overseas ATMs

Here's an article of note for anyone with an ATM card with HSBC. 

HSBC customers have complained the bank has made it more difficult to draw out money abroad.
Many on business trips or holidays have said they were unable to get their hands on their cash from ATM machines.
That's because the bank has switched to chip-embedded cards that connect to a single global payment network.

Don't forget to buy ATMs for Amateurs by Josef Toth. 

Attempted ATM theft at Wanneroo Markets

Here's another story about an ATM under threat.

Would-be thieves have attempted an unauthorised cash withdrawal by trying to remove an ATM from the Wanneroo Markets on Monday morning.

Police are investigating the burglary and attempted stealing of the ATM after offenders forced their way into the market's grounds on Prendiville Drive about 4.15am.

Don't forget to buy ATMs for Amateurs by Josef Toth.

Police plan control room to monitor ATMs

Police are taking extra measures to control ATM thefts. Here's a story from the Middle East. 

Jeddah security authorities are studying the possibility of linking ATMs in the city with a security operation room for further surveillance around the clock.Police spokesman 1st Lt. Nawaf Al-Bouq said the study also includes monitoring money-transfer vehicles via a tracking system.Al-Bouq explained that prior coordination is in place between money-transfer vehicle firms and the security operation room to ensure no suspicious activity takes place during the replenishing of ATM machines with cash or to intercept other money-laundering activity.

Don't forget to buy ATMs for Amateurs by Josef Toth. 

Warning issued on ATM scam theft

ATMs also provide for an inviting target for scams. Irish authorities recently issued this alert on an ATM scam.

The Irish Payments Services Organisation has issued a warning to ATM users against a new type of distraction scam, reports of which are becoming more and more prevalent across the country.

Targeting in particular, vulnerable groups such as the elderly, the scheme involves the criminals placing a device on the ATM which holds the user’s card, and observes them applying their pin.
When the ATM user becomes frustrated at their card being trapped, the scammer is on hand to help. Having placed the device in the machine, the thief know exactly how to retrieve the card safely. Returned to the customer however is a ‘dummy’ card.

Don't forget to check out ATMs for Amateurs by Josef Toth.

Minn. man pleads guilty to stealing from ATMs

ATMs continue to be lucrative targets for thieves. Here's a story that is about to serve his punishment for trying to steal from several ATMS in Minnesota and North Dakota. 

A former armored truck driver has pleaded guilty to stealing more than $182,000 from ATMs in Minnesota and North Dakota.
Thirty-one-year-old Christopher James Diestler of Fergus Falls pleaded guilty Thursday to one count of bank larceny.

Don't forget to check out ATMs for Amateurs by Josef Toth. 

The History of the ATM

Ever want to know the history behind the invention now known as the ATM. Check out this site. 

In 1939, Luther Simjian patented an early and not-so-successful prototype of an ATM.
However, some experts have the opinion that James Goodfellow of Scotland holds the earliest patent date of 1966 for a modern ATM, and John D White (also of Docutel) in the US is often credited with inventing the first free-standing ATM design. In 1967, John Shepherd-Barron invented and installed an ATM in a Barclays Bank in London. Don Wetzel invented an American made ATM in 1968.

Don't forget to check out ATMs for Amateurs by Josef Toth.

How Would a Bitcoin ATM Work?

Anyone want know how a bitcoin ATM would work, check out this story. 

The digital currency Bitcoin is heading to the physical world. Lamassu has begun production on a Bitcoin ATM and plans to ship 15 preliminary units in September.
The Bitcoin Machine would allow people unfamiliar with Bitcoin exchanges to convert cash into the digital currency without having to sign up with an online exchange. When Lamassu, which is based in Porta, Portugal, began taking preorders on Monday, the company received enough interest to fund the preliminary production units. The new batch of preorders are expected to ship by the end of the year.

Don't forget to check out ATMs for Amateurs by Josef Toth. 

The World's First Bitcoin ATM May End Up in Cash-Strapped Cyprus

Bitcoin ATMs seem to be the new fad, and according to this article, one may wind up in Cyprus.

  Charging ahead of the bitcoin start-up stampede, Jeff Berwick (Founder of Stockhouse.com and TDV Media), has announced the debut of Bitcoin ATM, with hope to launch its first machine in Cyprus. This couldn't be more timely, as Antreas Artemis, head of the island nation's largest bank, has suddenly resigned amidst a banking crisis in the small Mediterranean country.
To try to quell the crisis, which has led some to speculate that Cyprus might make a disastrous exit from the eurozone, the country will now enforce weekly withdrawal limits. Banks, meanwhile, are closed until Thursday, and Cyprus's finance minister has said that bank accounts with 100,000 euros or more may see up to 40 percent of those funds converted into bank shares.

Don't forget to check out ATMs for Amateurs by Josef Toth.

ATM users warned about latest scam

Check out this site for some defenses against ATM scams.

The Irish Payment Services Organisation is warning ATM users about a new scam, in which criminals are distracting cardholders in order to steal their bank cards.
The IPSO has said that fraudsters are targeting elderly and vulnerable bank customers.
In the past week, at least six cases of this latest ATM scam have resulted in losses of €30,000, according to the organisation.

Don't forget to buy ATMs for Amateurs by Josef Toth.  Today the book is available for free.

Wichita Police Investigate Another Attempted ATM Theft

ATM thefts have been covered in-depth by the media. Here's one from Wichita. 

Wichita Police say they're concerned about several recent cases of ATM break-ins and thefts, with another incident reported overnight.
Around 1:30 this morning, officers were dispatched to Meritrust Bank near 135th Street West and Maple in west Wichita.
Someone had pried the door into the bank's foyer, then tried to get cash out of the ATM by prying off the cover. The attempt was unsuccessful and set off an alarm, alerting police. The suspect was not on scene when officers arrived.

Don't forget to buy ATMs for Amateurs by Josef Toth. 

Shoppers Cry When ATM breaks in Nigeria

Here's a humorous story involving an ATM mishap in Nigeria. 

Adeola Akinremi writes that shoppers in Lagos are finding it difficult to access cash through the Automated Teller Machines (ATM), as most banks in the country are neglecting their responsibilities towards providing quality service through the ATMs.

There is a growing discontent among bank customers in Lagos and perhaps in other big cities across the country. Nowadays, frequent long queues are seen at the different locations of Automated Teller Machines (ATMs) and customers are worried and frustrated that they spend more time than necessary trying to withdraw cash from the ATMs for their shopping.

Don't forget to check out ATMs for Amateurs by Josef Toth.

Need Bitcoins? This ATM takes dollars and funds your account

Two entrepreneurs from New Hampshire are working on a bitcoin ATM.

Zach Harvey has an ambitious plan to accelerate adoption of the Internet's favorite alternative currency: installing in thousands of bars, restaurants, and grocery stores ATMs that will let you buy Bitcoins anonymously.
It's the opposite of a traditional automated teller that dispenses currency. Instead, these Bitcoin ATMs will accept dollar bills -- using the same validation mechanism as vending machines -- and instantly convert the amount to Bitcoins and deposit the result in your account. 

Don't forget to check out ATMs for Amateurs by Josef Toth. 

Bitcoin ATM Makers Open Pre-Orders & Fund Initial Run Of 15 Banknote-Eating Machines

Here's another article on the newest fad in ATMs, the bitcoin ATM.

Bitcoin startup Lamassu Bitcoin Ventures, the makers of a Bitcoin ATM which promises to eat your paper (fiat) money and spit Bitcoins into your digital wallet in return, have funded their initial production run of 15 units a few hours after kicking off pre-orders (via their website) — taking the bulk of payments in Bitcoin, fittingly.

Don't forget to also check out ATMs for Amateurs by Josef Toth.

The World's First Bitcoin ATM

Check out this website which says it offers the world's first bitcoin ATM.

Also, don't forget to check out ATMs for Amateurs by Josef Toth.

Decoding Bitcoin

Here's an article for everything you need to know about the new phenomenon of bitcoins.

Chances are you have never used a Bitcoin, but you’ve probably heard of it.

 The virtual currency is popping up more and more in the news and the government has been showing an increased interest in the subject.

For instance, the top Democrat and Republican on the Senate’s Homeland Security and Governmental Affairs Committee this week told federal financial regulators and law enforcement officials to explain how they are keeping tabs on “virtual” currencies, including the $1.2 billion market for Bitcoins.

Don't forget to check out ATMs for Amateurs by Josef Toth.

Rampant Skimming at South Florida ATMs

South Florida reports on rampant skimming at ATMs there.

Police here investigating damage to a Publix ATM machine found evidence of two white males installing and retrieving "skimming" devices that allow them to drain the bank accounts of ATM users.

On Monday, Port St. Lucie Police went to Publix at 9100 S. US Highway 1. The ATM had a hole drilled into the bottom of the card reader. With no evidence of a skimming device but more reports of similar damage to other ATMS, they worked with Publix security officials to review surveillance video from Vero Beach, Palm Beach Gardens and Boynton Beach locations. The videos show two white males installing what appeared to be bank card skimming devices. Later, they return to retrieve the devices containing users' ATM card info.

Don't forget to get a copy of ATMs for Amateurs by Josef Toth. 

'80% of ATMs already complaining with new BSP rule'

In the Phillippines, citizens are having trouble adjusting to new ATM rule.

Around 80% of the total ATM system in the country is already compliant with the "end-to-end triple data encryption standard (3DES)", according to the Bangko Sentral ng Pilipinas.

"Most of the new machines being installed now are 3DES. Based on our estimates, of the total ATMs today, around 80% are already 3DES-compliant to begin with. So there's the smaller component that needs to make this migration by 2015," BSP deputy governor Nestor Espenilla told ANC.

The BSP had recently approved the Enhanced Information Technology Risk Management Framework last August 1. As part of the framework, banks are required to adopt the 3DES in their ATMs nationwide by January 2015, and to replace ATM cards with EMV-enabled ones by January 2017.

Don't forget to check out ATMs for Amateurs by Josef Toth. 

Congress starts looking into Bitcoin

The story sounds like it was inevitable.

A Senate committee is pressing federal regulators and law enforcement officials to explain how they plan to oversee Bitcoin and other virtual currencies as the issue gains increasing attention from government officials concerned about the role these new markets will play in the future.

The Senate Homeland Security and Government Affairs Committee on Monday sent letters to several agencies requesting that they disclose their virtual currency policies, how they developed them, how agencies are coordinating and finally what they plan to do going forward.

Don't forget to check out ATMs for Amateurs by Josef Toth. 

ATM catches fire during robbery attempt in Philly

Things got quite frightening at an ATM in Philadelphia.

Philadelphia police say an ATM caught fire at a bank after thieves had cut wires to try to disable an alarm during an attempted robbery.

WCAU-TV reports (http://bit.ly/19dlIEz ) the suspects had broken into the back door of a Wells Fargo location in south Philadelphia around 5 a.m. Monday. Police say they cut some wiring and were apparently trying to disable an alarm when the machine caught fire.

Don't forget to check out ATMs for Amateurs by Josef Toth. 

Bank staff foil ATM heist in India

This one sounds like it's straight out of a movie.

B Mariyappa, junior engineer with Bescom, Arakere on Bannerghatta Road was resting in his office when he heard a rumble around 2am, of a heavy object being moved carefully, inch by inch. Mariyappa and four associates had just attended to a problem nearGottigere.
He thought some workers in building under construction had started work. Then, he thought of the ATM heists in and around Bangalore. Alerting his jeep driver Ravi Kumar, Mariyapparolled down the shutters and rushed out. He saw four men, with faces covered, loading the ATM unit onto a Mahendra jeep. The Bescom office is next to an ATM in a two-floor commercial complex.

Also, don't forget to check out ATMs for Amateurs by Josef Toth now for only 99 cents. 

ATM theft: veteran robbed of $13,000, court told

Here's a disturbing story out of Australia. A man hired to take care of an elderly man has been charged with theft after using that man's ATM card for about $13,000 in unauthorized charges. 

The carer and cleaner for a Korean War veteran has pleaded not guilty to using the elderly man's ATM card to spend more than $13,000.
Damien Paul Watkins, of South Windsor, will remain behind bars after a magistrate at Newtown Local Court refused bail.
Mr Watkins, 41, is charged with 11 offences, including dishonestly obtaining property by deception and stealing property.
The court heard 80-year-old Leonard Rice uses a wheelchair to get around and gave his PIN to neighbours so they can shop for him.

Don't forget to the check out ATMs for Amateurs by Josef Toth

Federal Judge Rules Bitcoins a Legitimate Form of Currency

Check out that story right here. 

Don't forget to check out the new book by Josef Toth, ATMs for Amateurs.

Tata firm to set up 1,000 ATMs across Karnataka

Check out the article here.

Don't forget to check out ATMs for Amateurs by Josef Toth

Check out ATMs for Amateurs by Josef Toth for Free, Today Only

Today only check out ATMs for Amateurs by Josef Toth for free.

Banks putting human tellers in ATMs

Find out what all this means here.

Don't forget to check out ATMs for Amateurs by Josef Toth.

ICAO's Advanced ATM Techniques Symposium and Workshops in partnership with ACI, CANSO and IATA

Check out all the details here for one of the biggest and most important get together of the ATM community. This get together will occur in Montreal, Canada November 4-6, 2013 and it will cover advanced ATM techniques.

The Worst ATM PIN Number Is 1234: Study

Check out this humorous article from the Huffington Post. 

Also, don't forget to check out ATMs for Amateurs by Josef Toth.

Authorities find minivan in latest ATM theft case

ATM thefts are in the news. Check out this article about an ATM theft in Hammond, Indiana. 

Don't forget to check out ATMs for Amateurs by Josef Toth. 

Muthoot Finance gets RBI nod to set-up White Label ATMs

You can find the article here.

Also, don't forget to check out ATMs for Amateurs by Josef Toth

16 plead guilty to ATM burglaries

Another ATM theft ring is busted, this one in Boston.

Also, don't forget to check out ATMs for Amateurs by Josef Toth.

New Skimmers Found in Indianapolis ATMs

Check out the article here.

Don't forget to check out ATMs for Amateurs by Josef Toth.

ATM Theft Heist Ring Busted in Kansas

Check out this article for yet another story of ATM theft.

Don't forget to get the book, ATMs for Amateurs, by Josef Toth.

Will $1 bills Soon Be Dispensed in ATMs?

You can find that story here. 

Don't forget to by ATMs for Amateurs by Josef Toth.

Eco Friendly ATM Program in Vermont

Check out this article about eco friendly ATM program in Vermont. 

Don't forget to check out ATMs for Amateurs by Josef Toth

Conviction for Woman in ATM Theft in Minnesota

Here's another article about ATM theft, this one in Minnesota. 


Don't forget to check out ATMs for Amateurs by Josef Toth.

Another ATM Theft, This One in Oklahoma

There have been several high profile thefts. The latest comes from Oklahoma and you can find the story here. 

Don't forget to check out ATMs for Amateurs by Josef Toth. 

Is Quantum the Wave of the Future in ATM Technology

Check out this article for insight on the new quantum technology. 

Also, check out ATMs for Amateurs by Josef Toth. 

ATM Manufacturer Finds Opportunities in Cyprus

Check out the article here.

Check Out This Excellent Analysis of the Global ATM Market

You can find the analysis here. 

Also, don't forget to check out the new book by Josef Toth, ATMs for Amateurs.

Maximize Your Sales and Revenues with Modern Transaction Equipments by Josef Toth

As a merchant, you always look for the easiest ways to maximize your sales and revenues. You need to attract as much customers as possible towards your shop or business establishments. There are several ways of attracting customers like advertizing your business, products, or services. Aggressive online and offline marketing also helps in getting fresh set of customers every day.

However, there are some other unexplored ways of increasing your revenues. You can adopt modern transaction equipments like Cashless ATM, Credit Card Processing Systems, Gift Cards, and Touch and Buy services. You can have dual benefits of adopting these new age equipments. Your customers can enjoy their shopping and other services being provided by you without any waiting and you can earn additional revenues on each transaction made by your customers.

Nowadays, people tend to carry less cash along with them due to inconvenience and security reasons attached with more cash. They prefer carrying plastic money (Credit Cards or Debit Cards) with them while on shopping or outdoor tours. It is a safer as well as more convenient option of shopping for customers. A majority of modern customers have similar tendency for shopping. That means if you do not want to lose your revenues and sales then you should keep yourself ready to serve these customers. For that, you need to adopt modern equipments for banking and transaction processing. After their implementation, you will be able to attract more and more customers to your stores with hassle free payments systems.

There are several companies providing different types of cashless equipments (Cashless ATM, Credit Card Processing Systems, Gift Cards, and Touch and Buy services). You can contact them and ensure installation of any of the above-described equipments in your store. These equipments accept Visa, MasterCard, American Express, Discover, JCB, debit cards, Gift and loyalty Cards, and Electronic Benefits Transfer (EBT) transactions.

You can enjoy following benefits after adopting these service:
1. Increase sales, store traffic, and average purchase by every customers,
2. Earn money of every transaction made by your customers,
3. No need for any human cashier thus a cost-cutting alternative for you,

These are just glimpses of benefits. Once you implement cashless ATM's or other transaction equipments in your business. You will start experiencing several other benefits increasing your overall revenue and profits.

Please also check out the new book by Josef Toth, ATMs for Amateurs.

Cashless Scrip ATM - A Smart Way of Making Payments by Josef Toth

We all live in digital age. If we look back to the time, people had to carry cash with them whenever they used to go for shopping. Problem used to arise, when there was the need of big amount for heavy shopping. Therefore, ATM cards came into picture, but again cash ATM's were not easily accessible everywhere. However, introduction of cashless ATM's resolved the issue completely.

Cashless ATM's have made shopping fun rather than hassle. Cashless scrip ATM's are now used everywhere, be it any department store, beauty saloon, branded clothing, accessories or footwear showroom, multiplex, food chain, hotel or gas station. Moreover, nowadays cash payment system has been automated at parking lots and toll taxes also and people have an option to pay by using their ATM cards. Overall, cashless scrip ATM's have simplified the process of making payments.

Not only shoppers, but using cashless ATM's benefits the merchants also. Both shoppers and merchants enjoy different kinds of advantages by using cashless ATM's.

Advantages for Shoppers-

1- First and foremost advantage of making payments through cashless ATM's is the safety measures associated with it. Cashless ATM's do not contain or tie-up your cash.
2- As compared to credit cards, cashless ATM's reduce the processing fee; however, sometimes the processing fee gets eliminated also.
3- It helps to reduce the excessive expenditure as through ATM cards only a fixed required amount is paid whereas with credit cards, consumers are always tend to overspend.
4- Shopping with cashless ATM's make the payments simpler as it does not ask for anything else except your ATM card. Moreover, you receive a printed statement then and there which is acceptable in bank.

Advantages for Merchants-

1- To receive payments through cashless ATM's is an easy task, as cashless scrip ATM is user-friendly and one can operate it comfortably.
2- Being a merchant you can increase your profit by thousands of dollars, just by using cashless scrip ATM.
3- Programming can be set for choosing an increment of $10 to $20 for each cashless transaction.
4- As compared to conventional credit card processing machines, you can save extra processing fee and can process transaction at no extra cost caused to business.

Being aware of these benefits, who would not prefer to opt for cashless ATM's system? Nowadays every smart merchant and consumer is getting benefited with it. By offering dual benefits, cashless ATM's neither disappointed consumers nor merchants.

Please also check out the new book by Josef Toth, ATMs for Amateurs.

Transformation of Banking and Transaction Systems by Josef Toth

There was a time when the whole banking and commerce operations were manual. It was a tedious task for people working in Banks and large departmental stores to manage heavy transaction volumes. But, gone are the days when people used to spend most of their time in the queue at banks and departmental stores while withdrawing their salary or purchasing monthly grocery.

Now the computerization and web integration of almost every banks and financial institutions have turned the whole way of banking and commerce. Due to this transformation, the hassles of being in queue during salary days and monthly grocery shopping are over. The benefits of transformation in banking and commerce are not limited to only reducing long queues only.

The introduction of latest payments methods like credit cards, ATM cards, and other forms of automatic payments are some added benefits of banking automation. After advent of internet, the process became more flexible and convenient for customers as well as service providers. Now people don't need to visit their banks again and again for withdrawing or depositing money. They can perform most of their actions online.

Mobility in Banking and Commerce

Nowadays with help of Core Banking and Online Banking services people can carry their bank accounts with them everywhere. With help of ATM Cards directly linked to their bank accounts they can do shopping and other payments with ease. They no longer need to carry cash along with them everywhere.

Credit cards are among other significant gifts of this transformation in banking and commerce. Now, you can do shopping and enjoy holidays and travel without paying a penny from your savings. You can pay by your Credit Card and repay your credit card service provider later. Almost every bank offers Credit Cards to their customers. You can have a credit card linked to your bank account, and the amount will be transferred from your bank account for credit cards payments automatically as scheduled by you.

Cashless Transaction Revolution

The latest trends reveal that now more and more people are going cashless. It is safer as well as convenient for people. They prefer paying via their ATM Cards (not their credit card, due to fear of overspending). The excess use of ATM cards encouraged merchants, store owners and pubs to install Cashless ATM's at their place, so that their customers can pay them via ATM.

This is a growing trend in modern economy. It resulted in growth of cashless ATM's manufacturing. Nowadays, it is very easy for a store owner to purchase or rent a cashless ATM, so that they can lure more and more customers to their stores.

Don't forget to buy a copy of the new book by Josef Toth, ATMs for Amateurs

Maximize Your Sales and Revenues with Modern Transaction Equipments by Josef Toth

As a merchant, you always look for the easiest ways to maximize your sales and revenues. You need to attract as much customers as possible towards your shop or business establishments. There are several ways of attracting customers like advertizing your business, products, or services. Aggressive online and offline marketing also helps in getting fresh set of customers every day.

However, there are some other unexplored ways of increasing your revenues. You can adopt modern transaction equipments like Cashless ATM, Credit Card Processing Systems, Gift Cards, and Touch and Buy services. You can have dual benefits of adopting these new age equipments. Your customers can enjoy their shopping and other services being provided by you without any waiting and you can earn additional revenues on each transaction made by your customers.

Nowadays, people tend to carry less cash along with them due to inconvenience and security reasons attached with more cash. They prefer carrying plastic money (Credit Cards or Debit Cards) with them while on shopping or outdoor tours. It is a safer as well as more convenient option of shopping for customers. A majority of modern customers have similar tendency for shopping. That means if you do not want to lose your revenues and sales then you should keep yourself ready to serve these customers. For that, you need to adopt modern equipments for banking and transaction processing. After their implementation, you will be able to attract more and more customers to your stores with hassle free payments systems.

There are several companies providing different types of cashless equipments (Cashless ATM, Credit Card Processing Systems, Gift Cards, and Touch and Buy services). You can contact them and ensure installation of any of the above-described equipments in your store. These equipments accept Visa, MasterCard, American Express, Discover, JCB, debit cards, Gift and loyalty Cards, and Electronic Benefits Transfer (EBT) transactions.

You can enjoy following benefits after adopting these service:
1. Increase sales, store traffic, and average purchase by every customers,
2. Earn money of every transaction made by your customers,
3. No need for any human cashier thus a cost-cutting alternative for you,

These are just glimpses of benefits. Once you implement cashless ATM's or other transaction equipments in your business. You will start experiencing several other benefits increasing your overall revenue and profits.

Also, please check out the new book by Josef Toth, ATMs for Amateurs. 

Going Cashless - Latest Trend in Consumerism by Josef Toth

Modern day consumers are smarter than their ancestors. They believe on innovative technologies and use them in their daily life. Technology has affected almost every area of our life and the shopping habits and trends of modern consumers are also affected.

Going cashless is the latest mantra among modern consumers. They no longer prefer carrying cash along with them everywhere. While on overseas trips for touring or business work people prefer to shop a lot, for which they need money. However, carrying large amount of cash is risky as well as uncomfortable for people nowadays.

Modern banking systems made it easy, secure and convenient for people to carry their maximum purchasing power while on move. By introducing different types of ATM and Credit Cards they have provided the best alternate of carrying cash everywhere. Now people no longer need to carry cash for anything. The ATM card is enough to handle every transaction coming along their way.

Nowadays shopping depends upon heavy use of latest transactional equipments. Merchants have several options of using transaction equipments to make the transaction process simpler and clutter free for both shoppers and merchants. Cashless ATM and Credit card Processing Units are very popular these days. You can spot one everywhere at food chains, petrol or gas stations, pubs and nightclubs, and all other type of stores.

Cashless ATM's are on top of priority by merchants. Using a cashless ATM is beneficial for both shoppers and merchants.

Why Shoppers/Customers Prefer Using ATM Cards?
According to some recent surveys, modern consumer tends to use their ATM card instead of their credit cards. It helps them in reducing their excess expenditure, through ATM cards they can shop till a definite amount, whereas in case of credit cards consumers are more prone to overspending. One more benefit is that they have to pay very less amount as processing fee (if compared to high processing rates of Credit Card Payments) when they use their ATM's for making payments.

Benefits for Merchants
One thing is obvious that if modern consumers prefer using their ATM cards, then they will prefer going to places that provides payment facility with specialized processing machines for payments by ATM card. Although every credit card processing unit is capable of receiving payment by ATM cards, but for that customers have to pay extra processing charges. Even, merchants have to pay a fix amount (which is far more than payments by Cashless ATM's) for such kind of transactions. It reduces their overall profits on smaller transactions.

By installing a Cashless ATM merchants can attract more and more customers. It will also make transaction simpler and beneficial for their customers as well as for them.

Don't forget to check out the new book by Josef Toth,ATMs for Amateurs.