The Financial Crimes Enforcement Network issued a statement reminding banks of how to apply a risk-based approach to conducting customer due diligence on independent ATM owners or operators pursuant to the 2016 customer due diligence rule.
The share of U.S. households that are unbanked continued falling in 2019, reaching 5.4%, the lowest rate yet recorded in a biennial FDIC report.
Super-powered ATMs may be more relevant than ever.
While it is possible to be infected by the novel coronavirus from a contaminated surface in a public space, it appears this is not the main way it is transmitted.
As banks manage the risks associated with physical transmission of the novel coronavirus, ABA SVP Paul Benda has authored a paper summarizing the current science on the risk of transmission through contaminated surfaces, such as ATM keypads and U.S. currency.
Although ITMs are no longer novel, overall adoption in the industry remains cautious. But with six in 10 non-ITM-using banks researching or considering the technology, ITMs may become an increasingly common component in bank delivery networks.
As ATM withdrawals decline in number, the average transaction value has gone up.
What options do banks have as they prepare to upgrade to Windows 10?
SPONSORED CONTENT PROVIDED BY LOOMIS As the risk of having more cash on-hand grows and…