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Tradition and Technology: Bhutan’s Journey into Fintech and Financial Inclusion

The Fintech Times

A handicrafts shop manager in Thimphu described the challenges posed by the lack of ATMs, credit card authorisation systems, and other financial infrastructure catering to international customers. According to the 2022 Bhutan Living Standards Survey Report, 95 per cent of households own a smartphone, 99.6

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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

Lost and stolen card fraud also increased by 4% , driven by traditional low-tech theft methods like distraction thefts and shoulder surfing, where criminals observe PINs at ATMs or point-of-sale terminals. This ability to bypass robust security measures highlights the persistent ingenuity of criminals in finding new vulnerabilities.

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ASIC Demands More: HSBC Australia Fails to Protect Customers From Scams

The Fintech Times

.” Over $23million of customer losses HSBC received just under 1000 reports (~950) of unauthorised transactions between January 2020 and August 2024, which resulted in customer losses of about $23million. Almost $16million of this occurred in the six months from October 2023 to March 2024.

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Wise Fined US$2.5M by US Regulators for Misleading Customers

Fintech News

Wise, which promotes itself as a provider of affordable and fast cross-border payments with no hidden costs, was found to have misled US customers by suggesting they would incur lower ATM fees while also failing to properly disclose exchange rate details.

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Cash, payments and the future of ATMs — your 2020 spoiler alert

Payments Dive

What does this mean for the future of cash and ATMs? ATM historian Bernardo Batiz-Lazo explores the topic in his latest blog post. According to some economists, we've been experiencing an extended period of slow growth since the 1970s.

ATM
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Virtual Tellers And Workhorse ATMs: Banking’s New (Digital-First) Normal

PYMNTS

That demand had been significant even before the coronavirus hit in 2020, he told Webster, because they’ve allowed banks — especially smaller banks — to reap the cost benefits of flexible workforce management, and the ability to service machines during off-hours. Reinventing The ATM.

ATM
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NEW DATA: How We Will Pay 2020: With Connected Devices, At Home And During The Week

PYMNTS

The world has changed a great deal since 2020 began. In the How We Will Pay 2020: Home As The Consumer’s Commerce Command Center study, a PYMNTS and Visa collaboration, we surveyed a census-balanced panel of 9,857 U.S. How We Will Pay 2020: Home As The Consumer’s Commerce Command Center explores these changes, and more, in depth.

ATM