Atm Usa

Featured in: Favicon

cuinsight.com

Articles

What should your credit union budget for in 2025?

Sep 25, 2024 | cuinsight.com | Darren Smith |Atm Usa

As we enter the fourth quarter, many credit union leaders are starting to turn their attention toward planning for 2025. With a myriad of options and new technology, it’s crucial to prioritize services that set credit unions apart while encouraging growth. In this article, we explore several key areas credit unions should consider when preparing their budgets for the coming year. One significant trend shaping the financial landscape is the exodus of big banks from rural communities.
Protect your ATMs from rising crime

Aug 28, 2024 | cuinsight.com | Atm Usa

As experts in the US keep a close eye on ATM crime trends overseas, they have noticed that criminal tactics often make their way across the Atlantic. According to the latest SecureATM industry reporting and locator system from The National ATM Council, the US has seen a fast uptick in ATM-related crime, with nearly $1.5 million in losses within the last 12 months and over $700,000 since April of this year. But how can retailers and financial institutions protect their ATMs from incoming crime?
PCI compliance: Is your credit union prepared for 2024 upgrades?

Aug 22, 2024 | cuinsight.com | Darren Smith |Atm Usa

As the financial landscape continues to evolve, credit unions face many ongoing challenges, not the least of which is maintaining compliance at their ATMs. The latest mandates as stated by the Payment Card Industry Security Standards Council (PCI), are once again aimed at maintaining the safety of member data at self-service ATMs, ITMs, and kiosks that community members use for financial transactions. But what would really happen if your credit union didn’t update ATM security?
Expanding credit union reach: How ATM outsourcing drives growth in new markets

Jul 30, 2024 | cuinsight.com | Darren Smith |Atm Usa

In today’s rapidly evolving financial landscape, credit unions face both challenges and opportunities. As big banks continue to close branches, creating banking deserts across the country, credit unions are stepping up to fill the void. But building branches is an expensive outreach strategy. One powerful and affordable option for expansion is ATM outsourcing, which allows credit unions to extend their reach without the hefty investment of building new branches.
Cash: The timeless and perfect birthday gift

Jul 15, 2024 | cuinsight.com | Atm Usa

As July, August, and September roll around – the most common birthday months in the United States – many find themselves pondering the age-old question: What’s the perfect gift? While trends come and go, one gift stands the test of time: cash. In an era of digital transactions and gift cards, it might seem outdated, but cash remains the ultimate birthday present. Let’s explore why cold, hard currency is still king when it comes to gifting.
Protecting ATMs from jackpotting & other threats: A must for credit unions

Jun 25, 2024 | cuinsight.com | Darren Smith |Atm Usa

In difficult economic times, consumers regularly turn to cash and ATMs for their financial needs. Unfortunately, so do criminals who are becoming increasingly sophisticated in their methods of attacking ATMs and stealing cash. Even with harsh federal penalties in place, crimes against ATMs continue to grow at an alarming rate. The United States Secret Service Criminal Investigative Division has reported a significant uptick in ATM jackpotting attacks over the last six months.
ATMs offer surprising money-saving benefits for retail customers

Jun 20, 2024 | cuinsight.com | Atm Usa

ATMs have long been a valuable amenity for merchants, providing additional revenue streams and offering customers increased banking access. But new research has brought to light a surprising new benefit of ATMs – helping consumers save money by making it easier to pay with cash. It may seem counterintuitive that ATM access could help customers spend less, since the whole point of an ATM is to allow cash withdrawals.
Secret Service warns of uptick in ATM jackpotting attempts

Jun 3, 2024 | cuinsight.com | Atm Usa

The US Secret Service is reporting there has been a increase in ATM jackpotting over the last six months. Traditional malware, black box and man-in-the-middle attacks have been reported in California, Colorado, Georgia, Idaho, Maryland, Minnesota, New York, North and South Carolina, Oregon, Pennsylvania, Tennessee, Texas, Utah and Washington. The attacks are believed to be the work of seven criminal groups and have occurred across multiple ATM brands.
Thriving in today's economy: How ITMs empower credit unions

May 22, 2024 | cuinsight.com | Darren Smith |Atm Usa

In today’s rapidly evolving financial landscape, credit unions face a host of challenges, from staffing shortages to the need to invest in both physical and digital presences. Amid these hurdles, interactive teller machines (ITMs) have emerged as a game-changing solution, offering a unique opportunity for credit unions to streamline operations, enhance member experiences, and drive cost efficiencies. For over a decade, the credit union industry has grappled with a shrinking workforce.
Navigating vehicle insurance risks: A holistic approach for lenders

Apr 29, 2024 | cuinsight.com | Randall Smith |Opal Tomashevska |Darren Smith |Atm Usa

As a lender, it is imperative to proactively manage the risks associated with vehicle insurance to safeguard against uninsured collateral. The average premium exceeding $1,800 annually highlights the financial strain faced by borrowers, often resulting in lapsed insurance coverage. To address these challenges, a borrower-centric approach is essential. Many lenders are realizing the importance of adapting their strategies to address insurance lapses, total losses, repossessions, and delinquencies.