U.S. Regional Newsletter

New updated look and format to our newsletter. Great articles and information you won't want to miss. 
 

Will CBDC Impact the ATM Channel?

A growing number of conversations are taking place regarding Central Bank Digital Currencies in all sectors of the payments industry, including ATM self-service. 
 

Cash is financial inclusion – for all
Even including faster payments
ATMIA was one of the founding members of the Fed's Faster Payments Task Force, and is a current member of the U.S. Faster Payments Council, Financial Inclusion Work Group. Even as our payments system evolves and modernizes, cash will be a continuing part of it. We can all hope for a day when financial inclusion efforts are a thing of the past, because everyone has achieved it. However, that will not be the day that cash dies.

Activity ramps up for the 2023 ATMIA USA annual conference in New Orleans

Make your plans to participate, now
I'm excited!!  This feels like it is going to be the first, really normal conference that we have been able to host since 2019, when we were surrounded by the make-believe world of Disney.  Restrictions have fallen away.  Travel is booming again.  And expectations are high.

ATM crime incidents in the CCMIS pass the 12,500 mark

U.S. trends still the opposite of those being seen globally

As the incoming president of the ASA, I thought this month might be an appropriate time to re-visit the progress being made in accumulating ATM crime data.  Last November, I introduced the CCMIS to a meeting of law enforcement specialists, organized by the U.S. Secret Service.  We were quite pleased to announce that over 500 ATM crime incidents had 'already' been reported.

ATMIA releases educational materials for crypto consumers

New flyer details different types of  crypto scams and recommends best practices for law enforcement

As part of a nationwide effort to educate and inform both Law Enforcement and consumers, the ATM Industry Association (ATMIA) recently announced the release of a handout addressing cryptocurrency fraud schemes.  The two-page document includes brief descriptions of six different types of fraud schemes and recommendations for law enforcement best practices when a crypto ATM scam is suspected.

Raising awareness of the need for increased ATM crime penalties

Our industry has complained loudly for many years that "the penalty should fit the crime".  When the crime involves theft from an ATM or theft of the ATM, even along with its entire contents, that rarely happens.  Unless the same criminal group is crossing state lines to commit multiple crimes, in multiple jurisdictions.

Bank branch closures create gap that Next-Gen ATMs can fill

Recent ATMIA survey shows significant support for Universal Cash Deposits at ATMs 

One of the most dramatic consequences of the recent COVID-19 pandemic has not received very much attention.  U.S. banks have closed more than 4,000 branches since March of 2020, which doubled the pre-pandemic rate of 99 per month over the previous 10 years, to a new high of 201 per month.  A recently released NCRC (National Community Reinvestment Coalition) study noted that “Small businesses still depend on in-person banking services despite the proliferation of online alternatives, and the shrinking of branch networks threatens local economic activity that is key to wealth-building in marginalized communities.”