The familiar hum of an ATM, once a symbol of modern banking convenience, might soon be replaced by a quieter whirring: the sound of Cash Recycler Machines (CRMs) quietly affecting the way Bangladeshis access their cash. While both machines offer self-service banking options, CRMs are rapidly outpacing their one-way counterparts, driven by a wave of efficiency, security, and accessibility benefits. But what are the key differences between ATMs and CRMs and what factors make CRMs a preferred choice for many banks? Let’s find out.
Automated teller machines (ATMs) were once a symbol of modern electronic banking for facilitating quick and easy cash withdrawals alongside other banking solutions, including credit card payments and balance confirmation
The China national who was detained over suspected ATM fraud has been sued in line with the ICT act.
It seems these days in Bangladesh we are either forced or almost obliged to give personal, sometimes very private, information to some national bodies
Police said to have sniffed out a crime network of hotels, travel agencies, bank officials and businessmen involved in the recent ATM scam.
Foreign fraudsters in collaboration with local bankers and merchants are believed to have committed more card frauds on point-of-sale (POS) terminals than what they had done with ATMs, experts and investigators said.
A Dhaka court grants six days remand for each of four people, including a citizen of Germany, arrested over the ATM scam in Dhaka in which at least Tk 20 lakh was swindled out from various booths.
Eastern Bank Limited hands over reimbursement to affected victims of the recent ATM card fraudulence incident that spread concerns among the public.
The Greek government has extended bank closures and a €60 (£43; $66) daily limit on ATM withdrawals until Monday.
A Dhaka court grants six days remand for each of four people, including a citizen of Germany, arrested over the ATM scam in Dhaka in which at least Tk 20 lakh was swindled out from various booths.
Eastern Bank Limited hands over reimbursement to affected victims of the recent ATM card fraudulence incident that spread concerns among the public.
The Greek government has extended bank closures and a €60 (£43; $66) daily limit on ATM withdrawals until Monday.
