ATM & Debit News articles from August 2007

ATM & Debit News archives from August 2007

News Briefs.
August 2, 2007... MASTERCARD DEBIT UP 24.2% MasterCard debit card purchases totaled $67 billion in the United States during the second quarter, an increase of 24.2% compared with the same period the year before. The increase for the quarter, which ended...

Delayed Orders Slow 3Q Growth At Wincor Nixdorf.
August 2, 2007... German ATM manufacturer Wincor Nixdorf AG last week reported higher nine-month net sales, compared with same period last year, even though an undisclosed number of customers pushed back the arrival dates of their shipments in the Americas...

NCR 2Q Profit Up As ATMs Seem To 'Print Money'.(Financial report)
August 2, 2007... NCR Corp., the world's leading ATM manufacturer based on machines shipped last year, Tuesday reported second-quarter net income of $98 million, up 26% from $78 million for the same three-month period last year. Earnings benefited by two...

Sales Rise And Convenience Improves When Airlines Accept Cards In-Flight.(Financial report)
August 2, 2007... More airlines are accepting credit and debit card payment options for food, beverages and entertainment, and some have grounded cash for onboard purchases entirely. Early adopters of in-flight card payments have found the technology boosts...

Tranax Tests ATM Selling Gift Cards.
August 2, 2007... ATM manufacturer Tranax Technologies Inc., which continues to reinvent itself in the face of growing competition in the off-premise ATM market, said Monday it will begin Beta tests this week of an ATM that will sell gift cards and dispenses...

Off-Premise ATMs Grow In Europe.
August 2, 2007... The European off-premise ATM marke grew 11% last year, with more than 15,000 new installations stretching the total number of off-premise terminals there to 148,175, according to a report by Retail Banking Research Ltd. Off-premise...

NCR Names Board For Teradata Corp. Growth In Asia.
August 2, 2007... NCR Corp. Tuesday named a board of directors and interim chief financial officer for Teradata Corp., the division it plans to spin off as a separate company in the third quarter. Robert Young, CFO of NCR's Teradata division for the past...

Pulse EFT Signs More Debit Deals.
August 2, 2007... Pulse has signed an exclusive PIN-debit card processing agreement with Adams County National Bank, and as part of the agreement the bank has agreed to issue Discover's signature debit card to some of the bank's customers. This is Pulse's...

BofA Increases ATM Surcharge.
August 2, 2007... Bank of America, the nation's largest bank owner of ATMs, has raised its surcharge fee for non-bank customers at its branch and store locations, except in Chicago. "Chicago is an emerging market, and we have a much smaller presence there,"...

Vendor News.
August 2, 2007... CHINA GETS ATM DRIVE-THROUGH Citibank China Co. Ltd. yesterday announced that it has opened China's first drive-through ATM. The new machine, located in Beijing, is one of 95 ATMs Citi operates in branches and offsite locations in China....

News Briefs.
August 9, 2007... VCOMS DROP MONEY ORDERS Vcoms, the multipurpose ATMs purchased by Cardtronics Inc. from 7-Eleven Inc., no longer will offer money orders, says Rick Updyke, Cardtronics chief strategy and development officer. "I would say that due to...

Capital One Spends Big For NetSpend.(Company overview)
August 9, 2007... Capital One Financial Corp. Tuesday signed a definitive agreement to purchase NetSpend Holdings Inc., parent of branded prepaid card marketer and processor NetSpend Corp. for $700 million cash, Rick Savard, CEO of NetSpend Holdings Inc., tells...

Off-Premise ATMs Decline In Number For The First Time.
August 9, 2007... The number of off-premise ATMs last year declined for the first time in the industry's 12-year history, according to a report from Phoenix ESP Payments Research. The findings mirror those that ATM&Debit News reported in September 2006 in...

Farmers' Markets Earn More Cabbage By Accepting Debit And EBT Cards.
August 9, 2007... Three Vermont farmers markets this week joined their compatriots around the nation as part of National Farmers Market Week in accepting debit cards and electronic benefits transfer cards in payment for homegrown fruits and vegetables. ...

Price Cuts Cited InTranax Layoffs.
August 9, 2007... Tranax Technologies Inc., facing tough competitive pressures in the retail off-premise ATM market, passed out pink slips to an undisclosed number of employees last week as part of a company-wide restructuring. "We are having a reduction in...

Vendor News.
August 9, 2007... WACHOVIA SIGNS ATM DEAL Wachovia Corp. signed an agreement to deploy branded ATMs in 61 Fresh & Easy Neighborhood Market stores Tesco, the UK-based supermarket chain owner, is expected to open in the United States starting this fall and...

ISOs Triple DES Spending.
August 16, 2007... Cardtronics Inc. and TRM Corp., the nation's two largest independent sales organizations, say they plan to spend a combined $14.2 million upgrading their ATMs to comply with Triple Data Encryption Standard before the end of the year. ...

Vault-Cash Costs Raise Expenses For Cardtronics.
August 16, 2007... ATM owner Cardtronics Inc., which Friday reported a second-quarter net loss of $5.6 million, attributed part of its red ink to a higher-than-expected cost of supplying money to ATMs that are part of Cardtronics' ATM bank-branding program. ...

TRM Reports Smaller Loss For The Quarter.(Financial report)
August 16, 2007... TRM Corp., the second-largest nonbank owner of ATMs, Tuesday reported a second-quarter net loss of $2.2 million. That compares with a $4.5 million net loss for the same three-month period last year. Portland, Ore.-based TRM recorded sales...

Exclusive Debit Card Processing Deals May Spark Price Wars And Innovation.
August 16, 2007... The Pulse EFT Network signed an agreement early this month to become the lone PIN-debit card processor for Adams County National Bank, the fifth exclusive PIN-debit processing deal Pulse has announced in two years. Houston-based Pulse, however,...

TRM Corp. Cuts Vault-Cash Bill.
August 16, 2007... Cardtronics Inc., the world's largest nonbank owner of ATMs, is not alone in trying to control vault- cash expenses. In a July 19 U.S. Securities and Exchange Commission filing, TRM Corp., the nation's second-largest independent sales...

Wachovia Named Exclusive ATM Provider For Tesco's U.S. Stores.
August 16, 2007... Wachovia Corp. announced an agreement on Aug. 8 to deploy branded ATMs in 61 Fresh & Easy Neighborhood Market stores that Tesco, the UK-based supermarket-chain owner, is expected to open in the United States starting this fall and continuing...

Bank, Local Firms Push Debit Card Use.
August 16, 2007... Cadence Bank of Starkville, Miss., is working with local businesses to increase debit card purchases through rewards tracked by Saylent Technologies' Y-Debit Software. Y-Debit identifies cardholder-usage patterns and thus spots...

Vendor News.
August 16, 2007... VCOMS FREED FROM ENVELOPES Cardtronics Inc. is testing some of its 2,000 Vcoms for envelope-free deposit acceptance, says Joel Antonini, the company's vice president of marketing. Vcoms, which are multipurpose ATMs, currently accept...

Wells Fargo Solves ATM Issue.
August 23, 2007... Wells Fargo & Co., the nation's third-largest bank owner of ATMs, Tuesday corrected a computer problem that prevented the bank's 6,841 ATMs from accepting deposits and dispensing cash to Wells Fargo customers for several hours Sunday. "It was a...

Allpoint Network Lands Big One With First Data.
August 23, 2007... Allpoint Network's agreement to provide surcharge-free ATM access to Starsf, the surcharge-free sub network of First Data Corp.'s Star electronic funds transfer network, is one of the biggest deals Allpoint has signed in its five-year history,...

Cash Connect Vaults To Top As ATM Supplier.
August 23, 2007... Cash Connect, the ATM division of WSFS Financial Corp., has purchased Creative Strategic Solutions Inc.'s ATM vault cash portfolio from Benjamin Franklin Bank for an undisclosed price, Thomas E. Stevenson, president of Cash Connect, tells...

Stronger Payment-Terminal Regulations Will Set New Standards For Toughness.
August 23, 2007... The payments industry is instituting regulations intended to provide more payment-terminal security and decrease the likelihood thieves will steal cardholder information from terminals. The tightened security should help institutions such...

Co-op Banks On Vcoms' Deposits.
August 23, 2007... Co-op Financial Services members will be able to make envelope-free deposits at all of 7-Eleven Inc.'s Vcoms before the end of the year as part of an expanded agreement with Cardtronics Inc., says Stan Hollen, Co-op's president and CEO. ...

NACHA Approves Amendment To International ACH Rules.
August 23, 2007... The National Automated Clearing House Association approved on Aug. 14 an amendment to NACHA's operating rules that requires all international automated clearing house payments to be identified as international ACH transactions and include...

Metavante And eCom Announce Agreement For Long-Term Service.
August 23, 2007... ECom, a majority-owned subsidiary of Lenexa, Kan.-based U.S. Central, a $40.7 billion wholesale financial center for the nation's credit unions, announced Aug. 14 an online bill payment service agreement with Metavante Corp. Under the...

NFL Debit Cards Are Suiting Up For BofA's Team.
August 23, 2007... Bank of America and the National Football League believe their new affinity debit cards will score big not only with football fans but also with Bank of America as well. Fans "like to express their allegiance. [NFL Checking] is another...

Vendor News.
August 23, 2007... NCR Invests In ViVOtech ATM manufacturer NCR Corp. invested in ViVOtech Inc., which manufactures contactless card modules. The investment could lead to development of contactless ATMs that could be accessed through a chip device installed...

University Of British Columbia OKs Debit Tuition Payments After Eliminating Credit Cards.
August 30, 2007... University of British Columbia students can pay their tuition by having their bank accounts debited through a Web site set up by the Interac Association, Canada's debit network. University officials signed the debit agreement with Interac...

Debit's Presence Is Felt On Campus: University Rings Up Contactless Payments.
August 30, 2007... Slippery Rock University students rarely carry any money or their student identification cards. Their cellular telephones, however, are constant companions. Slippery Rock officials saw an opportunity. This month Slippery Rock, an...

Combo Debit/ID Cards Become The Big Men On College Campuses.
August 30, 2007... Coinciding with students heading back to school, more colleges and universities are launching combination school identification and open- or closed-loop cards that are linked to a debit account. Slippery Rock and Truman State are two...

Bank ATM Fees Falling Victim To Smarter Users.
August 30, 2007... Consumers are paying less monthly for bank services, such as checking account maintenance and ATM access, with the majority paying nothing at all, according to an American Bankers Association survey. While at least one industry analyst...

New Regulations Could Bolster Terminal Sales.
August 30, 2007... New security regulations for payment terminals could bolster sales for terminal manufacturers as compliance deadlines approach, according to industry analysts. Manufacturers though do not expect a sharp increase in sales. New payment card...

Government Awards Diebold Five Patents For Wireless ATMs.
August 30, 2007... The U.S. Patent and Trademark Office has awarded five patents to Diebold Inc., the world's second-largest ATM manufacturer based on the number of machines sold. One of the patents allows consumers to withdraw cash from ATMs using their cellular...

Wireless ATMs Connect Faster In Difficult Asia.
August 30, 2007... NCR Corp. signed an agreement with Symstream Technology Group Ltd. to provide wireless connectivity to ATMs deployed in India and Indonesia, countries plagued with frequent electrical outages and natural disasters that severely limit the time...

Vendor News.
August 30, 2007... BANK DROPS ATM FOREIGN FEE Wachovia National Bank dropped its ATM foreign fee for cardholders in California as part of a promotion by the Charlotte, N.C.-based bank's expansion into the Golden State, a bank spokesperson says. Wachovia's...