ATM & Debit News articles from April 2007

ATM & Debit News archives from April 2007

News Briefs.
April 5, 2007... HSBC FORMS ALLIANCE HSBC-North America this week announced an alliance with Concept Shopping Inc. to launch a PIN-based, private-label merchant -loyalty card in six months. Cardholders will swipe the card at a kiosk as they enter the...

Marshall & Ilsley Will Spin Off NYCE Parent.
April 5, 2007... Marshall & Ilsley Corp. announced Tuesday afternoon plans to spin off Metavante Corp., owner of the NYCE EFT network. The announcement by Marshall & Ilsley, a Milwaukee-based company that reported net operating income of $820 million last...

If First Data Goes Private, Will Star Be Reborn?
April 5, 2007... Kohlberg Kravis Roberts & Co., a New York-based private-equity firm, Monday agreed to purchase transaction processor First Data Corp., which also owns the Star and the Instant Cash EFT networks, for $29 billion. But First Data says it will...

Bank of America Scores With Giants, Red Sox.
April 5, 2007... Bank of America Corp. is not penciled into the baseball lineups of either the San Francisco Giants or the Boston Red Sox. But that has not stopped the bank from taking a swing at helping to promote itself and the teams. The Charlotte,...

Instant Cash Could Support Fee-Free Network.
April 5, 2007... First Data Corp., which recently acquired Instant Cash Services and its Instant Cash EFT network from Wells Fargo Bank, says Instant Cash could become part of a larger surcharge-free ATM network. "It's something to be determined," says Todd...

Vendor News.
April 5, 2007... BOCIAN LEAVING NCR Peter Bocian, NCR Corp. senior vice president and chief financial officer, is resigning effective May 11 to become executive vice president and chief financial officer of Seattle-based Starbucks Corp. The 52-year-old...

News Briefs.
April 12, 2007... NYCE, INTRUST EXTEND CONTRACT The NYCE Payments Network LLC has become the sole provider of retail PIN debit access for Intrust Bank of Wichita, Kan., as part of an extended agreement between the two companies. NYCE would not reveal...

Allpoint Adds A British Accent With ATM Deal.
April 12, 2007... Allpoint, the Bethesda, Md.-based surcharge-free ATM network, is expanding to the United Kingdom to support U.S. citizens who either are vacationing or traveling on business overseas. The demand for Allpoint's surcharge-free ATM access in...

ATM Shipments Continue Their Decline.
April 12, 2007... Last year proved to be a time of contraction for much of the ATM industry in the U.S. as few financial institutions replaced older machines and a saturated off-premise market held off on new purchases. Meanwhile, the largest manufacturers...

ATMs Will Sell The Liberty Bell Stamp.
April 12, 2007... The U.S. Postal Service today began selling the Liberty Bell stamp, or Forever stamp, and bank- and credit union-owned ATMs nationwide will play a key role in getting this unusual product into consumers' hands. The postal service held a...

Madison Will Test Debit-Accepting Parking Meters.
April 12, 2007... The City of Madison, Wis., is scheduled to begin on April 30 a 90-day test of debit card-accepting parking meters. The meters will make it easier for motorists to pay higher parking fees and help them avoid tickets since the city doubled...

Vendor News.
April 12, 2007... NIXDORF DOUBLES SHARES Wincor Nixdorf AG, the ATM manufacturer, has raised new capital by doubling the shares of the company's stock to make it more affordable for new investors. Each shareholder received one additional share for each...

MasterCard, BECU Sign Deal.
April 19, 2007... BECU, Washington state's largest credit union in terms of assets and members, Tuesday signed an exclusive agreement with MasterCard Worldwide to route all of its debit card and ATM transactions over the MasterCard's network. BECU, which...

Associated Bank Joins Free ATM Network.
April 19, 2007... Associated Bank, a financial institution with $21 billion in assets based in Green Bay, Wis., has joined the MoneyPass, the surcharge-free ATM network as an anchor bank, bringing with it a large number of ATMs and the potential for luring...

HSBC Will Offer Private-Label Debit Cards.
April 19, 2007... HSBC Retail Services, a private-label credit card issuer, is making a major departure from its credit-card issuing roots, offering clients a PIN-based, private-label debit card that cuts interchange while providing a customized-rewards program....

VeriFone Readies Table Pay For Diners' Menus.
April 19, 2007... VeriFone Holdings Inc. said Tuesday that ongoing tests of its wireless payment terminal, which allows restaurant diners to pay their checks at the table with PIN-debit cards, have been a success. Now VeriFone wants to sign agreements with...

Tranax Installs 5-Member Board.
April 19, 2007... Tranax Technologies Inc., a privately held ATM and self-service kiosk developer, has installed the first board of directors and hired the first chief financial officer in the company's 21-year history. Tranax's five-member board, which...

Vendor News.
April 19, 2007... DEBIT VOLUME INCREASES U.S. Bancorp, parent of U.S. Bank, Tuesday reported first-quarter debit and credit card revenue of $205 million, up 12.6% form $182 million for the same three-month period last year. Debit card transaction volume was...

BofA Deal Will Grow ATMs.
April 26, 2007... Bank of America Monday agreed to purchase LaSalle Bank, which will expand BOfA's ATM Network in three states, if the deal holds up. See story > 4 (c) 2007 ATM&Debit News and SourceMedia, Inc. All Rights Reserved....

Diebold's First-Quarter Loss.(Financial report)
April 26, 2007... ATM manufacturer Diebold Inc. yesterday reported a first-quarter net loss of $5.8 million after taking a $21.4 million restructuring charge related to the closing of its manufacturing plant in Cassis, France. The net loss compares with a net...

Interchange Cuts, New Fees Hurt ISOs.
April 26, 2007... Reductions in ATM interchange rates by three major card networks and a purported lack of network understanding of independent sales organizations were the sparks that led ISOs, a fragmented group of businesses, to form a single organization to...

Study Challenges Thinking About Debit Card Users.
April 26, 2007... The results of a study released Monday have challenged some payment executives' long-held beliefs about the creditworthiness of individuals who pay with debit cards, cash or checks as opposed to those who pay with credit cards. The study...

Banks' Bottom Line Support Of The Environment.
April 26, 2007... A growing number of banks, payment networks and consultants are promoting online banking to improve their bottom lines and at the same time help to create awareness of environmental issues when concern about the environment is at an all-time...

Deal Would Grow BofA's Network.
April 26, 2007... Bank of America's agreement to purchase LaSalle Bank of Chicago for $21 billion would grow BofA's already industry-leading ATM network, if the deal survives a challenge from other bidders. The deal, announced Monday, would add 1,500 ATMs to...

Health Group Doubles Share.
April 26, 2007... The Healthcare Payment Solutions division of Metavante Corp. posted strong results for its health benefits debit card and health savings account platform during open enrollment in the fourth quarter, says John Reynolds, the division's...