ATM & Debit News articles from April 2009

ATM & Debit News archives from April 2009

NYCE Parent Company Sold.(News Briefs)
April 2, 2009... Fidelity National Information Services Inc. Wednesday announced that it is purchasing Metavante Technologies Inc., owner of the NYCE Payments Network LLC, one of the nation's largest PIN-debit card processors. The deal gives Jacksonville,...

With Certification In Hand, HomeATM Targets Funds Transfers.(Debit News)
April 2, 2009... Byline: Will Hernandez Now that its personal card-swipe device and PIN pad have received certification from the Payment Card Industry Security Council, HomeATM ePayment Solutions plans to target the person-to-person funds transfer and...

SEC Issues Diebold Executives Wells Notice; CFO Steps Down.(ATM News)
April 2, 2009... Byline: Daniel Wolfe The U.S. Securities and Exchange Commission has sent notices of possible civil action to some of Diebold Inc.'s current and former employees, prompting one of the recipients, Kevin Krakora, to step down as chief...

Economic Conditions Force NACHA To Change Course For Secure Vault Payments As Pilots Continue.(Debit News)
April 2, 2009... Byline: Kate Fitzgerald The economic downturn has slowed the potential rollout of the electronic payment association Nacha's Secure Vault Payments e-commerce transaction system among online retailers. But niche markets may give the new...

Consumers Prefer Opt-In Option For Overdraft Protection.(Debit News)
April 2, 2009... Byline: Will Hernandez Consumer groups concerned about debit card overdraft regulations the Federal Reserve Board may enact this summer made their pleas for an opt-in approach during the final days of the public comment period that ended...

Personnel.
April 2, 2009... Tim McWeeney has joined Way Systems Inc., a provider of mobile point-of-sale systems, as vice president of North American Sales. Merchants' Choice Card Services, a Woodlands, Texas-based merchant processor, has named Stan Paur president and...

Coming Events.(Conference news)(Calendar)
April 2, 2009... Pulse Pulse's 2009 conference "Debit ReDefined" is scheduled for May 6 to 8 at the Hilton Austin Hotel. ETA The Electronic Transactions Association will holds its annual meeting and expo April 21 to 23 in Las Vegas at the Mandalay...

TRM Reports Much-Wider Annual Loss.(News Briefs)(Financial report)
April 9, 2009... TRM Corp., the nation's fourth-largest ATM independent sales organization based on machines owned and managed, recently reported a much larger net loss for 2008 compared with the previous year. The Portland, Ore.-based company recorded a net...

Nautilus Hyosung Shipped 29,000 ATMS Worldwide In 2008.(News Briefs)
April 9, 2009... Nautilus Hyosung Inc. shipped more than 29,000 ATMs worldwide in 2008, the South Korea-based ATM manufacturer said Tuesday. Nautilus Hyosung did not provide comparison shipment figures for 2007, but the company attributed last year's total to...

ATM ISO Group Holds Direct Talks With Multiple Payment Networks.(ATM News)
April 9, 2009... Byline: Frederick H. Lowe ATM independent sales organiza-tions traditionally have relied on bank middlemen to gather critical information affecting their business operations, but that has changed for some ISOs. The National Association...

Mobile-Prepaid Service Targets Hispanic Immigrants In Atlanta.(Prepaid News)
April 9, 2009... Byline: Will Hernandez First generation Hispanic immigrants to the United States tend to rely on mobile phones as their sole communication mechanism. Denarii Payments Inc. intends to take advantage of that reliance with a mobile prepaid...

MasterCard Hopes 'Interim Solution' For NFC Sticks With Consumers.(Debit News)
April 9, 2009... Byline: Steve Bills MasterCard Inc. is trying to prime the market for mobile financial services by offering contactless-payment stickers that consumers can attach to their wireless handsets. The card company announced last week it is...

MasterCard Touts Maestro To Canadian Issuers.(Debit News)
April 9, 2009... Byline: Frederick H. Lowe MasterCard Canada is holding discussions with an undisclosed number of the country's banks in an attempt to persuade them to offer a Maestro-branded card that would compete in Canada's PIN-debit market, which...

Personnel.
April 9, 2009... U.S. Bank U.S. Bank has named Meheriar Hasan Internet channel manager, a new position at the Minneapolis-based financial institution. Hasan will manage the Internet channel, and he will be responsible for developing strategies to acquire...

Coming Events.(Conference news)(Calendar)
April 9, 2009... Pulse Pulse's 2009 conference "Debit ReDefined" is scheduled for May 6 to 8 at the Hilton Austin Hotel. SourceMedia Inc. SourceMedia Inc. will hold its 21st annual Card Forum and Expo April 20 to 22 in Marco Island, Fla. ETA...

MasterCard Introduces ATM Hunter.(News Briefs)
April 16, 2009... Individuals searching for the nearest ATM in the city, the suburbs, or in the country will have a much easier time with MasterCard Worldwide's ATM Hunter. ATM Hunter is a free application for Apple Inc.'s iPhone or iPod touch that owners...

Diebold Names Environmental Czar.(News Briefs)
April 16, 2009... Diebold Inc. announced Wednesday that James N. Merrell will head the ATM manufacturer's commitment to environmental stewardship. In his new job, Merrell will develop a performance baseline for resource consumption as well as other strategies to...

NCR Says It Has Shipped 10,000 Envelope-Free ATMs Since 1998.(ATM News)
April 16, 2009... Byline: Frederick H. Lowe NCR Corp. says U.S. financial institutions have deployed 10,000 of its envelope-free ATMs since 1998. Based on the financial institutions' acceptance rate of the so-called intelligent-deposit machines, the Dayton,...

Schneider Says Downturn Is Affecting Debit Card Use.(Debit News)
April 16, 2009... Byline: Will Hernandez Debit card transaction growth continues to outpace that of credit cards, but the struggling economy is starting to affect debit card sales volume and transaction activity. As a result, electronic funds transfer...

Hybrid Cards Can Help Consumers Build Their Credit.(Prepaid News)
April 16, 2009... Byline: Frederick H. Lowe Hybrid cards are among the latest payments innovations that target low-income consumers and individuals who need a few extra dollars to meet their financial obligations until payday, says Ken Paterson, director of...

Acculynk, Pulse Are Encouraged With PaySecure Consumer Survey Results On Internet PIN-Debit Usage.(Debit News)
April 16, 2009... Byline: Will Hernandez When Acculynk Inc. announced in November it would pilot an Internet PIN-debit product with four EFT networks, the company predicated its business case on a conversion rate of 25% of the total volume of Internet...

Personnel.
April 16, 2009... MasterCard Inc. has hired Antonio "Tony" Ferri to fill the newly created position of group executive of enterprise architecture. Ferri, who will be based at MasterCard's global technology and operations unit in St. Louis, will be in charge of...

Coming Events.(Conference news)(Calendar)
April 16, 2009... SourceMedia Inc. SourceMedia Inc. will hold its 21st annual Card Forum and Expo April 20 to 22 in Marco Island, Fla. ETA The Electronic Transactions Association will holds its annual meeting and expo April 21 to 23 in Las Vegas at...

NCR Reports First-Quarter Loss.(News Briefs)(Financial report)
April 23, 2009... Citing slumping sales to the retail industry, NCR Corp. today reported a net loss of $15 million for the first quarter ended March 30. The company reported net income of $48 million during the same period last year. Revenue fell 14.4%, to $1.01...

BofA Has Jump In Debit Purchasing.(News Briefs)
April 23, 2009... Bank of America on Monday reported debit-card purchase volume of $51.1 billion in the first quarter ended March 31, up 2% compared with $50.1 billion in the same period year ago, the Charlotte, N.C.-based bank said. First-quarter debit-card...

Retailer-Issued Gift Cards Still Viable, Despite The Economy, Survey Says.(Prepaid News)
April 23, 2009... Byline: Will Hernandez Consumers are loading fewer funds on retailer-issued, closed-loop gift cards because of concerns about the economy and whether retailers will be around to honor the cards, according to a report authored by two...

PSCU's Debit Card Incentive Program Is Racking Up Transactions.(Debit News)
April 23, 2009... Byline: Frederick H. Lowe PSCU Financial Services' incentive plan to increase debit card activation and use among member credit unions has achieved success in the two years since it was launched, and PSCU is predicting more growth this...

Helped By The Economy, Prepaid Cards Post Gains.(Prepaid News)
April 23, 2009... Byline: Maria Aspan, American Banker Normally the province of the underbanked, prepaid cards are entering the consumer mainstream. At the same time the recession is leading credit card issuers to raise their underwriting standards and...

Latest ATM-Skim Skirmish Illuminates War On Fraud.(ATM News)
April 23, 2009... Byline: Daniel Wolfe, American Banker An automated teller machine skimming scam exposed last week is shining a light on the never-ending "arms race" in security technology. NCR Corp. says it widened the gap a year ago with the...

PERSONNEL.
April 23, 2009... PSCU Financial Services PSCU Financial Services, the St. Petersburg, Fla.-based credit union service organization, this week announced that member credit unions elected four individuals to PSCU's board of directors. The new board members...

Coming Events.(Conference news)(Calendar)
April 23, 2009... Pulse Pulse's 2009 conference "Debit ReDefined" is scheduled for May 6 to 8 at the Hilton Austin Hotel in Austin, Texas. Wincor Nixdorf AG Wincor Nixdorf AG will hold its International Management Seminar May 27-29 in Marrakesh,...

Wincor Reports $83.5 Million Profit.(News Briefs)(Financial report)
April 30, 2009... Bolstered by sales outside the U.S., ATM manufacturer Wincor Nixdorf last week reported an $83.5 million profit for the first six months of fiscal 2009, up 4.8% from $79.7 million for the same period the previous fiscal year. The company, whose...

Credit Union Donates Card Readers To L.A. Police.(News Briefs)
April 30, 2009... The Los Angeles Police Federal Credit Union has donated card readers to the Los Angeles Police Department to assist in fighting card-related crime. The credit union donated 25 Magtek Inc. Mini Swipe readers to the department for use in each of...

Pulse Buys Pages On Facebook, Twitter To Drive Traffic To Its Debitfacts Site.(Debit News)
April 30, 2009... Byline: Frederick H. Lowe The growing popularity of Social networking sites has captured the attention of the payments industry. Pulse, the Discover Financial Services' electronic funds transfer network, has joined Facebook and...

Bling Takes Next Step To Shine With Community Banks.(Debit News)
April 30, 2009... Byline: Will Hernandez Questions remain about the potential for wide-scale adoption of contactless-payment stickers consumers can affix to their mobile phones and use to pay for purchases at the point of sale. However, a start-up...

ATM Vendors Use Different Methods To Fight Malware.(ATM News)
April 30, 2009... Growing incidents in which malicious software, or malware, has been installed in ATMs to steal cardholder information has led some ATM manufacturers to tout their prevention methods, but others contend this is an industry-wide problem, and...

MasterCard Readies Television Push For Prepaid Cards.(Prepaid News)
April 30, 2009... Byline: Maria Aspan, American Banker MasterCard Inc. is preparing to address what many card executives call prepaid's No. 1 problem: consumer awareness. The payments network is planning to unveil a consumer advertising campaign this...

PERSONNEL.
April 30, 2009... Diebold Re-elects Directors Diebold Inc. re-elected its board of the directors at the company's annual meeting, April 23. The board members are: Phillip R. Cox, president and CEO of Cox Financial Corp.; Richard L. Crandall, non-executive...

COMING EVENTS.(Conference news)(Calendar)
April 30, 2009... Pulse Pulse's 2009 conference "Debit ReDefined" is scheduled for May 6 to 8 at the Hilton Austin Hotel in Austin, Texas. Center For Financial Services Innovation The Center For Financial Services Innovation will hold its fourth...