ATM & Debit News articles from August 2008

ATM & Debit News archives from August 2008

News Briefs.
August 7, 2008... CO-OP FINANCIAL SERVICES MEMBERS CAN DOWNLOAD DIRECTIONS TO ATMS Co-op Financial Services members can download the networks entire ATM database onto their personal navigational devices, making it easier to locate one of Co-ops more than...

11 Indicted For Breach At TJX And Other Stores: Allegedly Used Pilfered Data To Steal Cash From ATMs.
August 7, 2008... Federal grand juries in Boston, New York and San Diego indicted 11 individuals, including a U.S. Secret Service confidential informant, for theft of 40 million debit and credit card numbers from nine major U.S. retailers, including TJX Cos....

Combination Of Nautilus Hyosung And Triton Could Dictate ATM Prices, Says Rival Tranax.
August 7, 2008... Nautilus Hyosung Inc.s pending purchase of Triton Systems of Delaware Inc. would give the combined companies power to dictate prices to ATM ISOs because of the manufacturers commanding market share, says Bill Dunn, vice president of sales for...

Visa Reports 15.6% Increase In Debit Card Transactions During 2Q.
August 7, 2008... Visa Inc. says its U.S. credit card-holders initiated 2.17 billion transactions during the fiscal second-quarter ended March 31, up 7.4% from 2.02 billion during the same period a year ago. Sales on those transactions totaled $195 billion, up...

Transactions On Debit MasterCards Rose 18.8% In The Second Quarter.
August 7, 2008... During the second quarter ended June 30, holders of MasterCard-branded credit and charge cards in the United States initiated 1.59 billion purchases, up slightly from 1.58 billion during the same period a year ago. Sales on those transactions...

Opinions Vary On Effects Of The Triton Purchase.
August 7, 2008... Competitors and independent sales organizations remained silent or expressed sometimes comical mixed feelings about Nautilus Hyosung Inc.s pending purchase of Triton Systems of Delaware Inc. ISOs, which buy ATMs from both companies, say...

Vendor Briefs.
August 7, 2008... EARNINGS RELEASES SCHEDULED ATM manufacturer Diebold Inc. on Monday is scheduled to release preliminary earnings estimates for the second quarter and a full-year outlook for this year. Thomas W. Swidarski, president and CEO, and Kevin J....

Personnel.
August 7, 2008... NATIONAL PROCESSING CO. Louisville, Ky.-based National Processing Co. named Steve Stevenson chief financial officer. Stevenson formerly served as executive vice president and chief financial officer at Nova Corp. TNB CARD SERVICES ...

Coming Events.(Conference news)(Calendar)
August 7, 2008... DIEBOLD INC. Diebold Inc.s Integrated Services plans to hold an Integrated Services Symposium Aug. 26-28 at the Marriott Detroit Livonia in Livonia, Mich. VISA INC. Visa Inc. has scheduled the Visa Innovation Summit 2008 for...

News Briefs.
August 14, 2008... TNB EXPANDS DEAL WITH EAST TEXAS; HELPS PROTECT MEMBERS DEBIT CARDS TNB Card Services, which is owned by credit unions, on Monday announced an expanded processing partnership with East Texas Professional Credit Union that will enable TNB to...

JPMorgan Chase Issues Visa-Branded Card To Pay Workers Compensation Benefits.
August 14, 2008... After months of testing with insurance companies, JPMorgan Chase&Co. announced Wednesday it is issuing a prepaid debit card to pay workers compensation benefits. Chase will not charge a monthly maintenance fee for the card, and workers...

Strong ATM Sales Lift Diebold's 2Q Revenues.(Financial report)
August 14, 2008... ATM manufacturer Diebold Inc. Monday reported lower preliminary net income on higher preliminary sales for the second-quarter ending June 30. The North Canton, Ohio-based company also announced the closing of a manufacturing plant in...

As Revenue Climbs, Cardtronics 2Q Loss Shrinks: World's Largest ISO Plans Expansion Into More Foreign Countries.
August 14, 2008... Cardtronics Inc., the worlds largest ATM independent sales organization based on machines owned and managed, Tuesday reported a smaller net loss on much higher revenue for the second quarter ended June 30. The Houston-based independent...

ACI Worldwide Plans To Cut Workforce.
August 14, 2008... ACI Worldwide Inc., a United States-based payments processor, announced Tuesday it will cut its global workforce as part of a consolidation and efficiency initiative to save US$30 million during 2008 and 2009. Details of the jobs cuts were not...

UK ATM Dispensing Only 5-Pound Notes.
August 14, 2008... Cardtronics Inc.s United Kingdom-based ATM ISO, Bank Machine Ltd., Monday deployed Britains first ATM that dispenses only 5-pound banknotes (U.S.$9.50). The initiative, supported by the Bank of England, helps cardholders manage their...

Vendor Briefs.
August 14, 2008... EURONET ATTRIBUTES GROWTH TO ATM NETWORK EXPANSION Euronet Worldwide Inc., the Leawood, Kan., processor, which operates in 42 countries, is attributing its increased revenue for the second quarter to the expansion of its ATM network. Its...

Terminal Maker Hypercom Terminates 42 Employees.
August 14, 2008... Point-of-sale terminal maker Hypercom Corp. intends to capitalize in coming months on sales growth already occurring in North America, Northern Europe and some Southern European and Asia-Pacific countries. Meanwhile,Phoenix-based Hypercom...

PersonNel.
August 14, 2008... VESDIA CORP. Vesdia Corp. has named Melanie Wernick to the new position of vice president, interactive marketing. Atlanta-based Vesdia provides loyalty marketing and merchant-network services. SHORELINE BUSINESS SOLUTIONS INC. ...

Coming Events.(Conference news)(Calendar)
August 14, 2008... DIEBOLD INC. Diebold Inc. plans to hold an Integrated Services Symposium Aug. 26-28 at the Marriott Detroit Livonia in Livonia, Mich. VISA INC. Visa Inc. has scheduled the Visa Innovation Summit 2008 for Sept. 25 at the Mandarin...

News Briefs.
August 21, 2008... Deal Makes Elan Largest Manager Of Cash For ATMs And ATM ISOs Elan Financial Services, a St. Paul, Minn.- based processor and driver of ATM transactions, will become the nation's largest cash manager for ATMs, kiosks and ATM ISOs with the...

ATM Maker Nautilus Hyosung Takes Aim At U.S. Bank Market.
August 21, 2008... Korean ATM manufacturer Nautilus Hyosung Inc., which is scheduled to complete its purchase of competitor Triton Systems of Delaware Inc. next month, is plotting an aggressive sales campaign in the United States. In America, both companies...

More Financial Institutions Choosing To Offer Surcharge-Free ATM Networks, Survey Says.
August 21, 2008... More financial institutions apparently are offering surcharge-free ATM access to debit cardholders, according to the Pulse 2008 Debit Issuer Study released Monday. But the study's conclusions on that one particular point are unscientific...

Cashbox Raises Money For Expansion, Expenses.
August 21, 2008... Cashbox PLC, the Hook, United Kingdom-based independent ATM deployer, raised 360,000 pounds ($669,331) last week by selling 7.2 million shares of its common stock to its shareholders, says Josh Royston, a spokesperson. Robin Saunders,...

Wells Fargo Warns Consumers About Breach.
August 21, 2008... Wells Fargo Bank is warning 5,000 consumers nationwide that hackers stole key personal data, including Social Security numbers and driver's license information, from a customer database and could use the pilfered information to produce...

Arkansas Banker's Bank Endorses Shazam EFT Network.
August 21, 2008... Arkansas Bankers' Bank, a correspondent bank that provides cash management, loan participation and international wire services to 130 stockholder- and customer-owned banks throughout the state, Monday endorsed Shazam, the electronic...

Diebold Will Take $12 Million Charge.
August 21, 2008... Diebold Inc. will take a $12 million charge to pay the cost of closing a manufacturing plant in Newark, Ohio, the ATM manufacturer said in a U.S. Securities and Exchange Commission filing Friday. Diebold has not determined when to take the...

Prepaid Gift Cards' Big Talk At Odds With Puny Sales.
August 21, 2008... Only 1% of consumers buy Visa and MasterCard-branded, open-loop prepaid gift cards from financial institutions, which may cause some banks to stop selling the cards and focus their attention on other card products, says Tony Hayes, director at...

Personnel.
August 21, 2008... Barclaycard US Wilmington, Del.-based Barclaycard US, the U.S. credit card business of Barclays PLC, named Michelle Bottomley chief marketing officer. Cynergy Data New York-based Cynergy Data LLC has hired Dane James as executive...

Coming Events.(Conference news)(Calendar)
August 21, 2008... Cards International Cards International has scheduled its Prepaid Cards Summit 2008 Conference & Expo for Oct. 22-23 in London. International Card Manufacturers Association The International Card Manufacturers Association plans to...