Items Tagged with 'ATM'


  • BBVA to roll out more human-like ATMs

    Banco Bilbao Vizcaya Argentaria [stock BBV][/stock], more commonly known as BBVA, is rolling out a new kind of "concept" automated teller machine designed to give users a more personal banking experience. "BBVA is constantly looking for ways to strengthen relations with its customers and the project was not how to further automate the terminal, but how to humanize the machine," commented Vicente Amores, NCR's global director for BBVA.
    Read More
  • Wells Fargo unveils Wachovia ATMs...wait, what?

    Wells Fargo is in the midst of rolling out its new Envelope-FreeSM ATMs all across the country. Now, many people are thrilled, as you can see from conversations on The Wells Fargo-Wachovia blog about the subject. Frank from Miami said, "the atm is AWESOME! Extremely easy to use." Melinda said, "I love these new ATMs -- they indeed save time and are a great addition."
    Read More
  • Treasury Updates GSE Support, and the Mainstream Misleads

    ‘Twas late in the day before Christmas and few - apparently - were expecting a big announcement from Treasury concerning Fannie and Freddie. And it was big. To make sure they got our attention, the Treasury un-characteristically issued the press release header in capital letters (cyber etiquette dictates that all caps is YELLING).
    Read More
  • Homeowner Bailout Does Reflect Some Market Realities

    In the last few days, I’ve read a chunk of the faith-based commentary on the Administration’s new Homeowner Affordability and Stability Plan. The media, whether they pretend it’s news (in which case their coverage is “infotainment,” or blogging from an assigned workplace during defined working hours) or call it commentary or opinion (in which case, it’s proto-blogging), do not make extensive use of facts about any of the mortgage businesses or markets implicated in the current economic disaster.
    Read More
  • Quantifying the Home ATM

    Over at Calculated Risk, the blog's eponymous author takes a hard look at just how much the housing price slump is likely to drag on personal spending during 2008. His figure? $180 billion. So-called "personal consumption expenditures" -- that's econo-speak for discretionary spending by consumers, which is often the lifeblood of much of the retail industry -- rose by $508 billion between 2006 and 2007 alone.
    Read More
  • Schumer: Feds Need to Investigate Countrywide's FHLB Advances

    U.S. Senator Charles Schumer (D-NY) on Monday called for federal regulators to probe billions of dollars of loans made by the Federal Home Loan Bank of Atlanta to Countrywide Financial. By the end of September, Countrywide had borrowed $51.4 billion from the FHLB system, 37 percent of the Atlanta bank's outstanding advances, leading Schumer to charge the Calabasas, Calif.-based lender with using the government-backed lending programs "like its personal ATM."
    Read More