ATM & Debit News articles from April 2005

ATM & Debit News archives from April 2005

TSYS Starts Prepaid Group.
April 7, 2005... TSYS Prepaid, a subsidiary of TSYS Inc., is creating a trade group that will focus on issues surrounding the growing use of prepaid debit cards. "Our goal is to get the entire industry, including issuers, acquirers, processors, payment networks...

Discover To Be On Its Own.
April 7, 2005... Morgan Stanley's decision to spin off its Discover credit card unit into a separate company will likely have little impact among debit card issuers or processors. Discover recently purchased the Pulse EFT Network. But Discover does not use...

MasterCard Claims Global Dominance With PIN Networks.
April 7, 2005... MasterCard International, like its main rival Visa International, hopes prepaid debit cards and a conversion by consumers to electronic, card-based payments from cash and check payments will increase its PIN-debit volume in the U.S. But...

Small Institutions Dominate 2004 ATM Shipments.
April 7, 2005... Sales of cash dispensers for off-premise, retail locations had a pretty good run for nearly a decade. Now, about 63.4% of all of the estimated 383,000 ATMs in the U.S. are in nonbranch locations, according to ATM&Debit News' EFT Data Book 2005....

Surcharging In The United Kingdom Unpopular But Is Likely To Continue.
April 7, 2005... The United Kingdom seems to be following a path similar to the U.S., where surcharging revenue is used to deploy machines in nonbranch retail locations. Indeed, some of the largest ATM independent sales organizations in the U.K. are U.S. firms....

U.S. 2004 ATM Shipments.
April 7, 2005... Company 2004 2003 Change Diebold 18,084* 15,590* 16.0% NCR 12,220 9,400 30.0% Triton 12,204 11,190 9.0% Tranax 11,500 9,000 27.7% Wincor 3,608* ...

Surcharging ATMs In The U.K.
April 7, 2005... Year Number 2000 4,000 2002 10,500 2004 19,569 Source: Parliament's Treasury Committee report, based on LINK network data. Copyright 2005 Thomson Media Inc. All Rights Reserved....

ATM Investors Being Defrauded, Say Regulators.
April 7, 2005... Investors in retail ATMs remain at risk of being bilked out of millions of dollars. In less than a year, state and federal regulators have shut down two, multimillion-dollar ATM investment schemes. Most recently, a receiver appointed by a...

TRM Reports Volume Decline.
April 7, 2005... Portland, Ore-based TRM Corp. reports a 10.1% decline in monthly, per-ATM transaction volume on the 21,261 ATMs it manages. Volume stands at 348 per machine compared to 387 transactions in 2003, according to the company. TRM purchased 15,700...

Diebold Names Security Chief.
April 7, 2005... Diebold Inc. has named Dennis Moriarty, 52, as vice president of the ATM firm's Global Security division, succeeding Bartholomew J. (Bart) Frazzitta, 62, who has retired. Copyright 2005 Thomson Media Inc. All Rights Reserved....

Visa Alters Rules For Pulse.
April 14, 2005... Visa USA is changing its operating rules to allow the Houston-based Pulse network mark to remain on Visa-branded debit cards. Visa had questioned whether Pulse could remain on Visa-branded debit cards after Pulse was purchased by Discover...

U.S. Bank Heads West.
April 14, 2005... Minneapolis-based U.S. Bank will deploy 333 ATMs in Walgreens Co. drugstores in California and Nevada, according to the bank. About 312 of the ATMs will be deployed in California, doubling the number of U.S. Bank ATMs in the state. ...

ATM Video Ads Disappear In U.S., Boom In The U.K.
April 14, 2005... Video advertising on ATMs made quite a splash in the late 1990s, with financial institutions such as Wells Fargo & Co. and Bank of America showing off new ATMs with large color screens and high-quality movie trailers. New "dot.com" firms used...

Walgreens Makes Use Of FSAs More Appealing.
April 14, 2005... Another roadblock is being dismantled to broaden use of prepaid debit cards for health-related payments. The nation's largest pharmacy chain, Deerfield, Ill.-based Walgreens Co., is participating in an automated system to identify...

Changes In Diebold's Parts Policies Fail To Mollify Third-Party Servicers.
April 14, 2005... Access to parts and supplies are the foundation of any ATM maintenance or service program. So, at a time when major ATM upgrades are anticipated, especially upgrades associated with stricter PIN-encryption security, access to supplies from...

MBI Inc. At A Glance.
April 14, 2005... Headquarters Waltham, Mass. Main Business Health Card Processor Number of Cards 1.4 million Card Issuer KeyBank Source: MBI Inc. Copyright 2005 Thomson Media Inc. All Rights Reserved....

Fair Isaac Flies With New Falcon Version.
April 14, 2005... The growing use of so-called "chip and PIN" debit cards in Europe is expected to virtually eliminate the ability of criminals to counterfeit debit cards that have a chip to secure a PIN. But a leading producer of fraud-detection software used...

NCR Expects Quarterly Gains.
April 14, 2005... Dayton, Ohio-based NCR Corp. anticipates first-quarter earnings to exceed last year's same-period earnings by 4%. The ATM manufacturer and software producer says it expects to report first-quarter revenue of $1.34 billion. NCR is expected to...

Diebold Garners Brazilian Deal.
April 14, 2005... Diebold Procomp, the Brazilian subsidiary of North Canton, Ohio-based Diebold Inc. has won a contract to supply betting and payment terminals to Brazil's national lottery. The contract, worth $79 million, calls for Diebold to supply 25,000...

FDC's Quarterly Income Down.
April 21, 2005... Greenwood Village-based First Data Corp. reported first-quarter net income of $374.5 million, down 23% from $483.5 million in the same period a year ago. Revenues reached $2.48 billion in the first quarter, up 9.7% from $2.26 billion in the...

NYCE Progresses With A2As.
April 21, 2005... The Municipal Credit Union for New York City employees plans to offer its 300,000 members account-to-account money transfers using the NYCE debit switch at all of the credit union's banking channels, says NYCE's Steven Rathgaber, NYCE...

Pulse Makes Its Move Toward Tiered Pricing.
April 21, 2005... The Houston-based Pulse EFT Association is the lone holdout among the largest EFT networks in adopting a tiered interchange rate policy that caters to large-volume merchant clients that pay interchange to debit card issuers. Networks...

Tale Of Two ISOs Suggests Bigger Is Not Always Better.
April 21, 2005... Two ATM independent sales organizations are largely responsible for a consolidation of the nonbank ATM business. Houston-based Cardtronics Inc. and Portland, Ore.-based TRM Corp., have become the top two off-premise ATM deployers mainly...

Visa Follows MasterCard's Footsteps By Allowing Interlink To Be Invisible.
April 21, 2005... In January, MasterCard International decided to forego the usual network policy of requiring that PIN-debit marks be displayed on debit cards (ADN 1/13/05). This policy change meant that members of MasterCard's Cirrus ATM and Maestro PIN-debit...

Lawsuits Allege BofA, Others Not Disclosing Fee.
April 21, 2005... Since Visa USA's Plus and MasterCard International's Cirrus ATM networks lifted their surcharge bans nine years ago, ATM surcharging became a festering sore spot with ATM users. Although efforts by states to ban or regulate surcharges on ATMs...

Visa Certifies Canadian Firm.
April 21, 2005... Calgary, Canada-based Calypso Canada, a processor of off-premise ATMs and a preferred processor for Triton machines, is now certified by Visa Canada to place the Visa's Plus ATM network mark on off-premise ATMs across Canada. Calypso is the...

Correction.(Correction Notice)
April 21, 2005... Richard Crone was incorrectly identified as a consultant with Atlanta-based Dove Consulting Inc. in an April 14 ATM&Debit News article. Crone is a director with the Edgar, Dunn & Company research and consulting company. Copyright 2005...

Star Name To Stay On Cards.
April 28, 2005... While MasterCard International and Visa USA are softening rules requiring issuers to place their respective Maestro and Interlink point-of-sale debit marks on debit cards, First Data Corp. has no plans to allow issuers the option of leaving its...

Movie Chain Adopts PayPass.
April 28, 2005... Regal Entertainment, Ritz Camera Centers and Boater's World Marine Centers have signed up to accept MasterCard International's PayPass contactless payment product. Regal Entertainment will install PayPass-compatible terminals in its 558...

Rules Change Gives A Break To EBT Retailers.
April 28, 2005... Electronic benefits transfer card programs resemble commercial debit card programs in many respects. Millions of transactions on EBT cards, for example, are switched by EFT networks and many PIN pad-enabled point-of-sale terminals support EBT...

Patent Dispute Hinders Use Of Remote Keys.
April 28, 2005... Part of the anticipated cost of upgrading to the more secure Triple Data Encryption Standard is that ATM deployers must load new encryption keys on ATMs. Encryption keys are a set of numbers that are loaded into an ATM and are used to...

New York ISO Sees Some Success In Prepaid, ATM Cell Phone Offerings.
April 28, 2005... With off-premise ATM transaction volumes slipping in some deployment venues, nonbank deployers are searching for ways to boost transaction volume and, more importantly, revenues. A promising, new revenue-generator appears to be prepaid cellular...

EBT At A Glance.
April 28, 2005... Number of Households 28 Million* Largest Contractor J.P. Morgan Chase Largest Processor First Data Corp. Federal Oversight Food&Nutrition Service Source: U.S. Food & Nutrition Service and ATM&Debit...

Discover Develops Full Complement Of Debit Products.
April 28, 2005... Discover Financial Services for years sat on the sidelines in the debit world as debit transaction volumes grew at a much faster rate than the credit card transactions Discover processes. But Discover's place in the debit world is changing....

Diebold Sees Earnings Decline.
April 28, 2005... North Canton, Ohio-based Diebold Inc. is reporting an 8.6% decrease in first-quarter 2005 earnings, to $26.7 million from $29.2 million in 2004. Overall revenue increased 8.4% to $540.2 million in the first quarter. Its financial self-service...