ATM & Debit News articles from December 2004

ATM & Debit News archives from December 2004

Visa Improves Dispute Process.
December 9, 2004... Visa USA this month enhanced the chargeback rights and dispute resolution protections for Interlink, its PIN-based point-of-sale debit network. Cardholders who are dissatisfied with the delivery or quality of their Interlink purchases can now...

Check Payments Decline.
December 9, 2004... For the first time, electronic payments, including automated clearinghouse transactions, have exceeded check payments in the U.S., the results of recently released Federal Reserve studies show. There were 44.5 billion electronic payments in...

Interchange Is Not The Total Picture For Issuer Revenue.
December 9, 2004... When considering joining a shared electronic funds transfer network, debit card issuers and nonbank ATM acquirers generally pay close attention to the network's published interchange rates. Increasingly, though, interchange policies and fees...

Pay By Touch Buys Web Software Firm In PIN Debit Move.
December 9, 2004... Pay By Touch, whose fingerprint-biometrics payment product is being tested at Piggly Wiggly, Roundy's, Pick'n Save and other store locations to verify customer identities at the point of sale, is looking to add an additional authentication...

Some EFT Networks Foresee ISOs Rerouting Visa Plus ATM Transactions.
December 9, 2004... Independent, nonbank ATM operators will use Visa's Plus ATM network less when Visa next October adopts a tier-based structure for the Plus interchange issuers pay ATM operators, according to a consensus of some of Plus' chief rivals. Visa...

How Switch Fees Compare.
December 9, 2004... Network Fee Star 2cents-4.5cents Interlink 2.5cents NYCE 3.25-4cents Pulse 4.5cents Accel/Exchange 2.5cents Maestro 3cents ...

New PNC Account Includes A Second, Virtual Debit Card For Online Spending.
December 9, 2004... More and more consumers are opting for electronic alternatives to using paper cash and checks, such as debit card use and online bill payment. Many such individuals also want to keep better track of their online spending versus the expenses...

What Digital Checking Includes.
December 9, 2004... * A plastic Visa check card and a virtual one on which customers can set spending limits. * No foreign-ATM fees, regardless of where the ATM is deployed worldwide. * Free participation in the Visa Extras rewards program and 1,500...

VeriFone Buys GO Software.
December 9, 2004... VeriFone Inc. plans to buy GO Software Inc. from Return On Investment Corp. for $13 million in cash, expanding the San Jose, Calif.-based payment-terminal maker's product offerings. The deal is expected to close in January. VeriFone will pay an...

I-S-Cubed Ceases Operations.
December 9, 2004... I-S-Cubed Inc., which offered remote key management for ATMs, closed last week. The move came after the firm's largest investors "were not interested in taking it any further," says Romano Durini, I-S Cubed senior vice president. The San Jose,...

QSRs Adding Prepaid Cards.
December 16, 2004... McDonald's Corp. recently announced that it was launching a stored-value card in three markets with plans for a national rollout next year. The McDonald's stored-value cards will be available in $10, $25 and $50 denominations at its restaurants...

Large Florida CU Joins Co-op.
December 16, 2004... Tampa, Fla.-based Suncoast Schools Federal Credit Union is joining the Ontario, Calif.-based Co-op Network. The addition of Suncoast's 175 ATMs gives Co-Op's member cardholders a statewide fleet of 1,568 ATMs to use surcharge-free, the network...

Omaha Bank To Convert ATMs To IFX Environment.
December 16, 2004... Less than six months have passed since the ATM industry adopted a new messaging standard to make it easier to tie ATMs to other banking channels without having to make heavy investments in software and programming costs. Now, a regional banking...

Most ATM Growth Is Occurring In Emerging Nations.
December 16, 2004... Domestic vendors that provide third-party ATM services, particularly firms that provide transaction processing hardware and software, increasingly are seeing global business opportunities in their future. Indeed, there are indications that...

Industry Icons Predict A Bright Future As New Markets Embrace Wireless.
December 16, 2004... During the past five years, William Melton, who founded payment-terminal maker VeriFone in 1980 and now focuses on providing companies with venture capital, for the most part has stayed out of the payments industry. He believed the industry had...

Global ATM Market Share.
December 16, 2004... Region ATMs Market Share North America 422,773 31.4% Asia-Pacific 407,605 30.2% Western Europe 297,767 22.1% Latin America 145,375 10.8% ...

Bank Offers Visa Gift Card For Free.
December 16, 2004... Gradually more financial institutions are beginning to offer nationally branded gift cards. Most, however, charge fees for the cards, typically around $5. Cherry Hill, N.J.-based Commerce Bank, though, earlier this month announced the...

Key IFX/ATM Project Facts.
December 16, 2004... Participant: First National Bank of Omaha Total ATMs: 340* Launch Date: January 2005** Source: First National Bank of Omaha. *Includes 20 banks owned by First National. **Pilot will involve a limited number of the bank's ATMs. ...

TCF To Use TWS Imaging Suite.
December 16, 2004... TWS Systems Inc. announced Dec. 8 that Minneapolis-based TCF Bank will use its AlertManager fraud-prevention software and the firm's Omega image-management software for its ATM check-imaging program. TCF officials were unavailable to comment on...

NCR Secures $7.5 Million Deal.
December 16, 2004... NCR Corp. recently announced a $7.5 million deal with Banco de Credito del Peru for ATM upgrades and new Personas units. Peru's Banco de Credito also will use NCR's Aptra software to create advertising campaigns across its ATM network,...

Visa Details Plus Rate Changes.
December 23, 2004... Visa USA's tiered-rate qualification program for acquiring ATM transactions shows that many independent sales organizations probably will not qualify for a higher issuer-paid interchange rate. Visa last month announced a new rate policy for its...

MasterCard Gets Associated.
December 23, 2004... MasterCard International says Associated Bank is switching its Visa check card portfolio to debit MasterCard. The Green Bay, Wis.-based bank, which serves some 400,000 cardholders, also will participate in MasterCard's Cirrus ATM and Maestro...

More Debit Issuers Looking To Launch Rewards Programs.
December 23, 2004... Earlier this year, Allegacy Credit Union of Winston-Salem, N.C., began looking for ways to differentiate its Visa check card program and to add program value for its members. The credit union decided to launch a rewards initiative, which it now...

Tasks Supported By ATMs, Kiosks Gain In Similarity.
December 23, 2004... ATMs and kiosks traditionally have remained worlds apart. ATMs essentially put cash into the hands of banked cardholders, while kiosks deliver users information and services, such as retail product information, regardless of their banked status...

Mexico Joins The Short List Of Nations That Are Allowing ATM Surcharging.
December 23, 2004... Most nations, either through laws or existing banking and electronic funds transfer network practices, ban ATM surcharges. The U.S., Canada, the United Kingdom and Brazil are among the few nations that allow ATM owners to charge users directly,...

Key Mexico Surcharging Facts.
December 23, 2004... Date Approved January 2004* Effective Date August 2004** Current ATMs Deployed 20,000 Source: Capture Systems Co., ATM&Debit News. *Mexico's Congress votes to allow surcharging on ATMs. **PROSA national network...

State Seeks OK For Debit-Based Medicaid Account.
December 23, 2004... Numerous companies next year will begin offering health savings accounts, which will enable their employees to set aside pre-tax payroll funds to pay health deductibles and co-pays using a nationally branded debit card. Now, states are...

Info Touch At A Glance.
December 23, 2004... Headquarters Burnaby, British Columbia Historical Business Informational Kiosks New Business Bill-Payment Kiosks Source: Info Touch Copyright 2005 Thomson Media Inc. All Rights Reserved....

Triton Offers Recycling Option.
December 23, 2004... ATM maker Triton says its newest and lowest-cost ATM, the 9100, can be purchased in January with or without a cash dispenser. This will give owners of aging 9500 models, which Triton is not supporting with a Triple DES upgrade, the option to...

Sievewright Joins Fiserv.
December 23, 2004... Fiserv Inc., the Brookfield, Wis.-based transaction processor and owner of the Accel/Exchange electronic funds transfer network, has named Mark Sievewright as senior vice president of business development. Sievewright is former president and...

The 2004 ATM&Debit News Index.
December 30, 2004... The 2004 ATM&Debit News index lists titles, dates and a summary of each story published this year. Articles are listed by subject, according to the date published. Also included is a list of sources interviewed during the year, their companies...