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Hot Topics by ATMIA Did you miss the latest news from ATMIA? Check out the following to stay informed, and become involved. ATMIA and Calleo Look at Emerging Payments in Africa in New White Paper ATMIA has today announced the publication of a study on emerging payments trends in rapidly expanding Africa. The emerging payments ecosystem in Africa is one of the most dynamic and fastest growing in the world. The rising middle class will spawn new consumer markets and, with them, the need for a variety of modern payment methods to complement the ubiquity of cash. With new technologies, a growing middle class, government initiatives, and many drivers towards greater inclusion, Africa's payment systems are changing rapidly. In this new whitepaper, entitled 'Emerging payments in emerging markets: Africa', ATMIA looks at payment trends in several of the continent's major markets. Produced in conjunction with Calleo, a business to business research consultancy, the study describes the growth of various payment systems in Africa from increasing numbers of cardholders to the growth of mobile payments and agency networks. ATMIA Presents Exceptional Achievement Award to Steven Kark ATMIA announced the presentation of an Exceptional Achievement Award to Steven Kark, CEO of Paycorp Holdings, in recognition of his key role in pioneering independent ATM deployment in South Africa. "To mark the 10th anniversary of our first ATMs in Africa conference, the association wanted to create a special award for an industry leader who had most changed the ATM landscape in this region," commented Mike Lee, CEO of ATMIA. "Steven richly deserves this recognition for breaking the mould and launching the independent convenient ATM sector here, an achievement which spawned a whole new range of ATM services placed in retail locations close to where people work and shop." ATMIA Publishes International Best Practices for ATM Cash Replenishment ATMIA announced the publication of comprehensive new European Best Practices for ATM Cash Replenishment. The manual, produced in association with the European Payments Council (EPC), contains a Foreword, Executive Summary, and Overview of the ATM Cash Replenishment Process, as well as detailed sections on Types of Cash Replenishment Processes, including cassette swapping and cash swapping, Organizing Cash Replenishment, Security of ATM cash replenishment, Measuring the Cost of Cash Replenishment, Cash Recirculating ATMs, Rules and Regulations, Business case studies, and, finally, a concluding chapter on Further Levers for Optimization. View this in our Best Practice Library. ATMIA Recommends Changes to Reg II to Increase Competition Between Payment Networks The ATM Industry Association (ATMIA) announced today that it has released a new paper titled "An Industry Discussion: Should changes be made to Reg II in order to increase competition between payment networks?" ATMIA has growing concerns that competition between payment networks is eroding due to the unintended consequences of the Durbin Amendment – both with how it was implemented and how it impacts EMV migration in the U.S. Today, the setting of network fees and routing decisions are essentially confined within the relationships between networks and issuers, which works to limit competition. ATMIA recommends adding language to Reg II, prohibiting restrictions on ATM operator routing selection, between the networks enabled on an issuers debit card. This would create new competition between networks for routing selection by those operators and result in downward pressure on network fees. The full paper is available for download. ATMIA Publishes Global Position Paper on Bitcoin ATMs The ATM Industry Association announced the publication of its international position paper on Bitcoin ATMs and Bitcoin. The new industry paper argues that bitcoin currency is not a threat to cash, or to established electronic payment methods. However, the global association, which has over 5,000 members in 65 countries, recommends increased support and supervision of Bitcoin ATMs to ensure they abide by security best practices and maintain the industry's current high levels of consumer trust. For more information, contact Mike Lee at [email protected]. ATMIA members may find the paper on the ATMIA website. |
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