Turkish banks collaborate to launch single ATM network

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Turkish banks and state owned lenders are reported to be cooperating to create an ATM network that will put all Turkish ATMs under one joint brand.

Turkish banks collaborate to launch single ATM network

ING Turkey, the Dutch banking group’s Turkish subsidiary, has signed agreements with private lenders İşbank and Akbank to allow its customers to use their ATMs, said Yücel Ölçer, ING Turkey’s operations executive vice president.

“With these two agreements, more than 12,000 ATMs have been put into limitless service for ING customers,” he said.

Bank customers will be able to carry out all transactions, including balance inquiry,

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Banking regulation needs a reset to remove Big Tech’s advantages

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As the new year begins, and we try to rebuild our economies, we need to rethink the way we regulate finance. That is because the challenges posed by the COVID-19 pandemic are different from those caused by the 2008 financial crisis.

Banking regulation needs a reset to remove Big Tech’s advantages

Back then, authorities drew two conclusions from the fact that banks were a big part of the problem. To reduce the risk to financial stability, banks needed to be much better capitalised, and to reduce economies’ dependence on large banks, competition from new entrants — including tech companies —

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The future of the ATM

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Since the COVID-19 pandemic changed the world’s behaviour, ATM usage has seen a rapid decline in most geographies. This has been powered by a combination of lack of movement and economic activity (due to enforced lockdowns); an increased use of alternate channels including mobile or, even encouraged by retailers, a possibly irrational fear of the risks of handling cash, although that theory is pretty much debunked now.

2021 is change is on the horizon: The future of the ATM

In 2021, the world hopes to see a gradual return to a “new normal” and as this occurs, the ATM will

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Contactless payments and e-commerce are here

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As the one-year mark of the COVID-19 pandemic approaches and digital payments play a larger role in daily life around the world, there will be no reverse gear on consumer behaviour as we head into 2021.

In the third edition of its global research study, the “Visa Back to Business Study – 2021 Outlook,” Visa found that the continued small and micro business (“SMB”) shift towards digital commerce will evolve in the New Year and bring an increased focus on areas such as security and fraud prevention, and more emerging payment tools such as ‘buy now, pay later’

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