ATM & Debit News articles from August 2004

ATM & Debit News archives from August 2004

Debit MasterCard Volume Up.
August 5, 2004... During the first six months of this year, U.S. holders of debit MasterCards initiated 1.04 billion signature-based purchases, up 11.7% from 931 billion transactions during the first half of 2003, according to MasterCard International. Value of...

Royal Bank Acquiring Lynk.
August 5, 2004... Royal Bank of Scotland Group plc on Aug. 3 announced it will buy Lynk Systems Inc., an Atlanta-based merchant processor and independent sales organization, for $525 million. Lynk, which began operations in 1991, is a full-service merchant...

Banks' Comfort In Using ATM ISOs Is Rising.
August 5, 2004... When EDS Corp. sold its electronic funds transfer networks, including Accel/Exchange, to Fiserv Inc. in 2002, it essentially left the ATM industry. The giant computer-service firm, though, is getting back in the ATM game as a back-end...

Metavante Buys NYCE Without New Usage Agreements.
August 5, 2004... Unlike other major electronic funds transfer network deals, Metavante Corp.'s purchase of the NYCE network did not come with extended long-term network commitments from former financial-institution owners, which combined owned 36% of NYCE....

System Owner Revives Hogan Name, Brings CAMS II Card System To U.S.
August 5, 2004... In 1996, when Computer Sciences Corp. acquired Dallas-based Hogan Systems Inc., which developed a mainframe software system that helps banks to manage various programs in-house, including deposit and credit accounts, the company wanted to...

Chase's ATM ISO Program.
August 5, 2004... ATMs 200 Manager/Owner Cardtronics Location Texas Exxon/Mobil Sites Source: ATM&Debit News Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com...

Key Facts About CSC.
August 5, 2004... Year Founded 1959 Headquarters El Segundo, Calif. Annual Revenues $14.8 billion Employees 90,000 Worldwide Source: Computer Sciences Corp. Copyright 2004 Thomson Media Inc. All Rights...

Pulse, Star Turn To Executive Letters In Ads To Bolster Their Membership.
August 5, 2004... With competition between U.S. electronic funds transfer networks heating up, network executives are taking their messages beyond the meeting rooms of prospective members and into the pages of industry trade publications through advertising...

Wincor Nixdorf Nets Postal Deal.
August 5, 2004... Wincor Nixdorf, the Germany-based ATM maker, has secured a U.S. Postal Service contract to deploy 2,500 integrated ProCash 1500 ATMs in postal locations. The machines will dispense stamps and print bar-coded postage. They also will be attached...

Hypercom Cites Payment Delay.
August 5, 2004... Payment-terminal maker Hypercom Corp. is attributing a payment delay from the Brazilian Health Ministry to a second-quarter net loss of $9.4 million on revenues of $64.7 million. In 2003's second-quarter, Hypercom reported net income of...

Offline Debit Growth Slows.
August 12, 2004... Growth in the number of purchases initiated with signature-based, or offline, debit MasterCard and Visa check cards slowed a bit during the first six months of this year, to 18.5% from 21% growth during the first six months of 2003. During the...

Public Wary Of Contactless.
August 12, 2004... Results of a survey of 762 U.S. consumers by Atlanta-based Synergistics Research Corp. show that one in five consider tap-and-go payment devices an improvement over conventional debit and credit cards, with one in 10 seeing them as "very much"...

High-Speed ATMs Are Taking Off For Off-Premise Vendors.
August 12, 2004... Last May, Mac's Convenience Stores announced plans to purchase and deploy 379 new ATMs in its chain of stores. For an off-premise, nonbank ATM program, the acquisition was unusual because all of the Triton ATMs came equipped with high-speed...

TSYS Gains Clarity To Bolster Prepaid Card Processing.
August 12, 2004... Since it began processing nationally branded prepaid cards four years ago, when the prepaid market was just emerging, Total System Services Inc., or TSYS, has seen its share of companies come and go. Many entrepreneurs had new ideas, but few...

With Its Network Ties Now With Visa, TCF Plans To Phase Out Express Teller.
August 12, 2004... Throughout the 1970s, banks began creating electronic funds transfer networks as a side business. Their goal was to offer added convenience by providing customers the ability to use ATMs owned by other financial institutions that were network...

TSYS Prepaid Facts.
August 12, 2004... Headquarters New York CEO Anil D. Aggarwal Former Name Clarity Payment Solutions Purchase Price $53 million Source: TSYS. Copyright 2004 Thomson Media Inc. All Rights Reserved....

Despite Gift Card Popularity, Gift Certificates Reign.
August 12, 2004... First Data Corp. says some 3.5 million of its client merchant locations accept electronic payments. But despite the growing popularity of electronically authorized prepaid gift cards, most of the Greenwood Village, Colo.-based processor's...

Express Teller At A Glance.
August 12, 2004... Owner TCF Bank Year Created 1972 Market Minnesota Monthly ATM Volume (2003) 2.5 million Total ATMs Branded (2003) 1,167 Network Cards (2003) 1.6 million...

NCR To Market Transoft.
August 12, 2004... Dayton, Ohio-based NCR Corp. has entered into an agreement in which it will offer Transoft International Inc.'s OptiCash, OptiVault and OptiNet software to manage vault cash used in ATMs. NCR will offer the Transoft software as an option for...

NYC Credit Union Joins Co-op.
August 12, 2004... Ontario, Calif.-based Co-op Network recently announced that the New York-based Municipal Credit Union is joining its network. The Municipal Credit Union serves municipal employees in New York City and has 300,000 depositors and 90 ATMs. ...

M&I Makes NYCE A Top Choice.
August 19, 2004... The Montvale, N.J.-based NYCE electronic funds transfer network already is making some debit card issuer gains since being acquired by Metavante Inc. in July. Metavante's parent, Marshall & Ilsley Bank Corp., says it will use NYCE as a...

Top ATM ISOs Report Lackluster Quarterly Revenues.
August 19, 2004... Perhaps the best way to get a business snapshot of the off-premise ATM market is to look at the financial picture of the market's largest players. If true, then eFunds Corp. and Cardtronics Inc. either are experiencing falling transaction...

Dexit, Bell Canada Ready For Growth In RFID Payments.
August 19, 2004... McDonald's Corp. Aug. 18 announced plans to gradually roll out acceptance of MasterCard International's PayPass radio-frequency identification technology in the U.S. North of the border, though, a similar product called Dexit is beginning to...

7-Eleven Snaps Up ATMs In Its Stores As American Express Makes An Exit.
August 19, 2004... 7-Eleven Stores Inc.'s announced move this week to acquire some 5,483 ATMs deployed in its convenience stores is another sign that off-premise ATM programs are undergoing a significant shift, as one-time big players are exiting the business....

Firm Hopes Doctors Put Their Signatures On Its Service.
August 19, 2004... Like other payment-terminal makers, Hypercom Corp. over the past few years has touted the value-added services its more robust devices can support. And in some cases, the terminals may not even be used for payment purposes. New York-based...

Key Facts About Dexit.
August 19, 2004... RFID Tags Issued 32,000 Merchant Locations 270 Acquirer Bell Canada Market Toronto Next Markets Montreal, Vancouver Source: Dexit Inc., Bell Canada. Copyright 2004...

U.S. Bank Adds Its PIN-Debit Function To Another ID Card.
August 19, 2004... While Dexit Inc. is reaching out to schools in Canada seeking to reduce the amount of cash students carry by offering an alternative electronic payment system, some U.S. financial institutions are using more conventional means to achieve the...

EFunds' Second-Quarter Revenues.
August 19, 2004... Division 2004 2003 Change Electronic Payments $51.72 $45.20 14% Risk Management $35.03 $32.02 9% ATM Management $34.57 $36.35 -5% Global Outsourcing ...

Global Axcess Reports Profit.
August 19, 2004... Global Axcess Corp., a Ponte Vedra, Fla.-based transaction processor and ATM independent sales organization, is reporting a 19.2% revenue jump for the second-quarter ended June 30, to $3.1 million from $2.6 million during the same quarter in...

Janssen Joins First Data.
August 19, 2004... First Data Corp. has announced that Debra A. Janssen has joined the Greenwood Village, Colo.-based transaction processor as president of First Data Debit Services. Janssen, who served as president and CEO of Scottsdale, Ariz.-based processor...

Axalto Lures PayPass Issuer.
August 26, 2004... France-based Axalto says it will supply between 600,000 and 1 million chip cards by early 2005 to an unidentified U.S. MasterCard International member that plans to support the card association's PayPass tap-and-go payment product. Francois...

Schools Use Card As Reward.
August 26, 2004... A Kansas City, Mo., public school district for the third consecutive year is giving prepaid Visa gift cards to summer-school students to promote attendance, but this summer is the first time the district is using the plastic to promote academic...

Wincor Gets Stamp Of Approval For Postal ATM Program.
August 26, 2004... There is much uncertainty these days over the future of for-profit off-premise ATM programs. However, declining profit margins on off-premise machines and money-losing ATM operations among many bank-owned programs do not necessarily mean that...

Triton Goes Public With Its Standard For ATM Messaging.
August 26, 2004... The nation's leading maker of off-premise, nonbank ATMs is inviting competitors and software companies to write their ATM messaging software using proprietary protocols it uses on its own machines. The move by Long Beach, Miss.-based Triton is...

Ecount Gains Prepaid Card Momentum Through Clients' Incentive Initiatives.
August 26, 2004... Shortly after Daniel Perrone joined CompUSA in March as director of consumer services, the Dallas-based technology retailer wanted to launch a sales-staff rewards program. Rather than use checks to distribute reward funds, though, CompUSA...

Postal Deal Key Facts.
August 26, 2004... Client Postal Service Contract 2,500 ATMs Manufacturer Wincor Nixdorf Model ProCash 1500 Source: Wincor Nixdorf Copyright 2004 Thomson Media Inc. All Rights Reserved....

Teen Cash Card Use Low, But Interest Is High.
August 26, 2004... Issuance and use of proprietary merchant gift cards far outweigh that of nationally branded prepaid cash cards supported by financial institutions, multiple research has shown. The results of a recent survey, though, suggest that many...

What Sales Pros Think Of Prepaid.
August 26, 2004... *90% like their employer's program. *59% prefer to use prepaid cards instead of direct deposit or checks. *55% prefer to use prepaid cards over all other payment methods. *72% use prepaid cards for day-to-day purchases. *58%...

Triton Protocols At A Glance.
August 26, 2004... Name Triton Standard Function ATM Messaging Interface Availability Open Domain* Source: Triton. *Triton has repositioned Triton Standard protocols for ATM messages on Triton machines from proprietary to...

NBS Reports A Lower Net Loss.
August 26, 2004... NBS Technologies Inc., a Toronto-based payment-terminal maker and provider of card-personalization services, says the company experienced a net loss of $1.7 million on revenues of $12.85 million for the third quarter ended June 30. That...

S2 Platform Now Supports NCRs.
August 26, 2004... S2 Systems Inc. says its OpeN/2 processing platform now supports use with NCR Corp.'s Aptra ATM software. S2 Systems announced its support for Diebold Inc. ATM software earlier this year. Copyright 2004 Thomson Media Inc. All Rights...