ATM

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Daring ATM Heist: 100 Thieves, 3 Hours, $13M

It happened in 7-Elevens all around Japan

(Newser) - A purported organized-crime incident in Japan put the emphasis on "organized" in a crime that RT.com is labeling "Ocean's 100." Cops believe that more than 100 thieves took part in a spree in Tokyo and 16 other prefectures on May 15, cleaning out 7-Eleven ATMS... More »

It Now Costs More to Get Your Money From an ATM

Well, at an ATM not related to your bank, that is

(Newser) - Consider this: $4.52. No, it's not the price of a venti Frappuccino—it's what the average American is forking over this year for each time he or she uses an ATM that isn't part of their bank. The $4.52 is a sum of what your... More »

Guy Swipes $150K That ATM Workers Left on Curb

Whoops.

(Newser) - The cash might have been sitting right there for the taking, but cops are now looking for the man who yesterday swiped a bag filled with $150,000 from a curb in Mahwah, NJ, the AP reports. Police don't know who took the money yet, but they do know... More »

Thief Tries to Steal ATM ... With Stolen Forklift

Jacksonville police say forklift stolen overnight from construction site

(Newser) - Stealing an ATM by scooping it up with a forklift probably seemed like a good idea at the time. But whoever tried to pull the stunt in Florida on Monday failed and is now the subject of a police investigation, First Coast News reports. The creative thief pilfered a 10,... More »

ATMs Learn Self-Defense From Acid-Spraying Bug

Beetle's spray system offers model for cash machines

(Newser) - The ATM is getting a lesson in self-defense—from a bug. Researchers in Switzerland were inspired by the bombardier beetle, which shoots out a gas that can burn skin, the Atlantic reports. The beetle's mechanism works by mixing two chemicals normally kept separate in its abdomen. When under attack,... More »

US Gets First Bitcoin ATM

Machine in Austin will exchange the currency for cash

(Newser) - In Austin today, organizers were set to launch the country's first Bitcoin ATM. Similar machines in Boston and Albuquerque allow cash to be exchanged for Bitcoins—but this one also allows the digital currency to be exchanged for cash (although withdrawing cash can take as long as 10 minutes,... More »

ATM Error Lets Man Take $1.5M, Gamble It Away

Ronald Page faces 15 months in prison

(Newser) - Ronald Page didn't have much money in his Bank of America account, but on August 1, 2009, he was able to withdraw $312,000—and then, later that day, another $51,727. By August 18, due to a bank error that allowed him to withdraw unlimited amounts of cash,... More »

Thieves Dig 100 Feet to Steal ATM

But cash machine contained 'limited funds' at time of theft

(Newser) - Who says the work ethic is dead? Enterprising thieves in Manchester, England, dug a 100-foot-long, 4-foot-tall tunnel under a parking lot, then burrowed through 15 inches of concrete, all in order to steal an ATM machine. The scheme likely took up to six months and in the end it netted... More »

New Russian ATMs Can Spot Liars

System will eliminate need to interact with a person to get a credit card

(Newser) - Russia’s state-owned Sberbank is about to roll out ATMs with such ridiculously strong security features that customers will be able to get a new credit card without actually speaking to a human. The machines will have the ability to read fingerprints, scan passports, and take 3D images of a... More »

Banks Jack ATM Fees, Blame Reform

Chase is experimenting with a $5 fee for non-customers

(Newser) - If you’re far from an ATM belonging to your own bank, brace yourself to shell out a few bucks. Banks across the country are hiking ATM fees, Credit.com reports. Chase, for example, is charging non-customers $5 to use their ATMs in an Illinois pilot program—and that’s... More »

Classy ATM Spits Gold, Not Cash, in Florida

Machine installed in a shopping mall

(Newser) - An ATM at a posh Florida mall cuts out the paper and goes straight for gold. Slide in credit card or cash and get out a pile of gold bars and coins in a tidy black box, the AP reports. The German machine is primarily a novelty item, says its... More »

California Bans Collecting Welfare at Strip Club ATMs

State debit cards no longer work ithere

(Newser) - Californian authorities learning that thousands of taxpayer dollars meant for needy families may have ended up being stuffed into thongs have banned collecting welfare at strip clubs. The establishments have been scratched from the official list of places where welfare recipients can use state-issued ATM cards to withdraw cash, the... More »

Senator Nelson: 'I've Never Used an ATM'

Which makes it hard to be mad at fees

(Newser) - Ben Nelson is taking some razzing today for comments he made to the Omaha World-Herald about ATM fees: “I've never used an ATM, so I don't know what the fees are,” said the 69-year-old Nebraska senator. "It's true, I don't know how to use one. But I... More »

Thieves Wheel ATM Out of Hotel Lobby

Suspects pose as repairmen to make $15K withdrawal

(Newser) - Two thieves posing as ATM repairmen making a pre-dawn call withdrew a bank machine stuffed with $15,000 in cash from a California hotel. The men, one of whom wore attire resembling a security guard's uniform, strolled into the Crowne Plaza hotel in Garden Grove, loaded the machine onto a... More »

Banks Blitz Customers to Keep Overdraft Fees Coming

$20B in penalty fees threatened by Fed's new opt-in rule

(Newser) - Expect your mailbox to be stuffed in the coming weeks with entreaties from your bank, which desperately wants you to sign up for pricey overdraft fees it used to be able to slip into the small print. Under new Fed rules going into effect July 1, bank customers must opt-in... More »

Fed Restricts Overdraft Fees

Customers must opt in for coverage of ATM, debit transactions

(Newser) - Starting in July, banks will have to get consumers' explicit consent before authorizing an overdraft—and the accompanying fee—on debit and ATM card transactions. Since the advent of the financial crisis, overdraft fees have become the biggest source of consumer fee income for banks. Congress is also considering making... More »

Troubled Banks Have a New Benefactor: You

Industry hikes fees on checking accounts, overdraft transactions

(Newser) - Your children aren’t the only ones who think you’re an ATM: Your bank does, too. Facing declining revenues and smacked with tough, new credit card legislation from Congress, banks are hiking overdraft, ATM, and checking account fees, the Washington Post reports. The average bounced check fee rose 2.... More »

Prosecutors Detail 244-Stab Attack on French Students

'Unmitigated evil' ended grad students' lives in London, says prosecutor

(Newser) - Prosecutors yesterday detailed an "unimaginably" horrific attack on two French students in their London apartment by home invaders seeking the men's ATM pin numbers, reports the Times of London. The gifted biochemistry grad students, who had been in London just two months to attend school there, were bound in... More »

New ID System Scans Finger's Veins, Not Prints

Hitachi system is faster, more secure than fingerprinting, retinal scans

(Newser) - A new technology that scans finger veins to authenticate identity claims to be quicker and more reliable than fingerprinting, retinal scans, or facial recognition, the Times of London reports. Japanese company Hitachi's system shines infrared light through the network of capillaries in the index finger, capturing a unique 3D “... More »

Woman Admits Making Up Tale of Carved 'B'

McCain volunteer told police that mugger cut one onto her face

(Newser) - The blogosphere smelled a rat, and they were apparently right. The woman who claimed that an Obama-supporting mugger carved a "B" into her cheek has confessed to making up the tale, KDKA-TV (Pittsburgh) reports. The 20-year-old told police that her black mugger got ticked when he saw her McCain... More »

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