ATM & Debit News articles from February 2007

ATM & Debit News archives from February 2007

News Briefs.
February 1, 2007... DIEBOLD'S HIGHS AND LOWS Diebold Inc. this week reported fourth-quarter net income of $27.1 million, up 161% from $10.4 million for the same three-month period in 2005. The company attributes the improved numbers to better collections,...

IRS OKs Pinless Debit For Taxes.
February 1, 2007... When Link2Gov Corp., which processes Internal Revenue Service tax payments, included in its 2003 contract proposal a plan to allow consumers to pay their taxes using PINless debit, the IRS turned down the idea quicker than a questionable tax...

Debit Card Loans Attract Interest Of Lawmakers.
February 1, 2007... Debit card overdraft loans could come under scrutiny from the Democratic-controlled Congress following the release of a report describing just how financially rewarding the loans have become for issuers. Carolyn Maloney, a New York...

Banks Find More Uses For ATMs.
February 1, 2007... Wells Fargo & Co. has turned some of its ATMs into machines to help charities. The San Francisco-based bank is one of a number of financial institutions that are testing or have tested expanded uses for their ATMs. Among the other banks...

TRM Sells Promising UK Business.
February 1, 2007... Financially troubled ATM deployer TRM Corp. last week completed the third sale of a business asset in a month, moves it says will help pay down debt. Portland, Ore.-based TRM sold TRM Ltd., its promising European business, for $92.6...

Vendor News.
February 1, 2007... INDUSTRY VETERAN MARSHALL DIES John Marshall, 60, died Sunday of a massive heart attack. Marshall most recently served as an independent distributor and was helping Milwaukee-based iStream Imaging with business-development activities. He...

News Briefs.
February 8, 2007... SMALL FIRMS TUNE IN TO DEBIT Debit cards are gaining traction with small businesses, says Synergistics Research Corp. Synergistics polled 600 small businesses with sales up to $5 million. The survey, conducted in August and September,...

Allpoint Hopes ING Will Lure More Banks.
February 8, 2007... Allpoint, the nation's largest surcharge-free ATM network, expects good things to result from its deal with ING Direct, the Wilmington, Del.-based Internet bank. Ben Psillas, Allpoint's president, believes the agreement will lead other...

HSA Cards Need An Infusion Of Market Support.
February 8, 2007... A year ago, analysts were forecasting that debit cards tied to health savings accounts would be a hot new growth area for prepaid cards. But with tepid employer and employee take-up, and survey data suggesting consumers prefer traditional...

Diebold, NCR Heed The Call To Go East.
February 8, 2007... The epicenter of ATM production in Europe has taken a giant step east. Leading ATM manufacturers NCR Corp. and Diebold Inc. last year opened plants in Budapest, Hungary, to take advantage of the growing market in Eastern Europe. At the...

Canada Trial To Include Chips On Debit Cards.
February 8, 2007... The Interac Association, Canada's PIN-debit network, hopes a smart card trial that begins later this year will accomplish two important goals for debit cards in that country. "We want to eliminate debit card fraud with chip cards," says...

Vendor News.
February 8, 2007... TRANAX SCORES AT SUPER BOWL Tranax Technologies and partner Eclipse Cash Systems, a Tempe, Ariz.-based independent sales organization, installed 31 wireless Tranax Mini-Bank 4000 ATMs in Dolphins Stadium for Sunday's Super Bowl. The two...

News Briefs.
February 15, 2007... DEBIT CARD BILL REINTRODUCED Rep. Carolyn Maloney, chair of the House Financial Institutions subcommittee, has re-introduced legislation to mandate the disclosure of fees banks charge customers who overdraw their checking accounts with...

Small Businesses Catching On Big With Debit Cards.
February 15, 2007... To encourage small-business owners to pay with their business debit cards, Wells Fargo & Co., one of the nation's largest lenders to small businesses in terms of dollars loaned, offers incentives. "We reward small-business owners with gift...

Blacks, Latinos Want More ATM, Kiosk Services.
February 15, 2007... Two separate studies have reached the same conclusions about who is more likely to use kiosks and enhanced-function ATMs. The reports, produced by Javelin Strategy & Research and NCR Corp., suggest blacks and Hispanics are more predisposed...

ATM Fees Raise Canadian Temperatures.
February 15, 2007... ATM fees, a hot issue in the United States, also are raising temperatures in Canada. Jack Layton, leader of Canada's New Democratic Party, is spearheading a drive to repeal fees the country's six big banks charge customers and noncustomers...

MasterCard Wants To Shuffle Cards With BofA.
February 15, 2007... MasterCard Worldwide is trying to convince Bank of America to issue its debit cards, MasterCard President and CEO Robert Selander told analysts last week. Selander's comments came in response to a question about the card organization's...

WAMU Deal Helps Bolster Debit MasterCard.
February 15, 2007... MasterCard last week reported powerful growth in debit MasterCard activity in the fourth quarter and for all of 2006 as it counted its gains from forging debit card-issuing relationships with such major issuers as Washington Mutual of Seattle....

Vendor News.
February 15, 2007... SHAZAM SELECTS TRICIPHER Shazam Inc. has selected TriCipher Inc.'s TACS multifactor-authentication platform to help protect the Johnston, Iowa-based EFT network's 1,600 financial institutions against identity theft and fraud. PENDUM...

News Briefs.
February 22, 2007... BOFA SUED IN PATENT DISPUTE Every Penny Counts, an intellectual property company, has filed a patent-infringement lawsuit against Bank of America and Visa USA for commercializing BofA's Keep the Change program. The BofA program...

Vendor Seeks To Crack Teen Card Market.
February 22, 2007... A provider of a prepaid card and money-management system is hoping to crack the young-adult card market, a strategy other vendors have found difficult to achieve. Payjr Inc. in November launched the reloadable prepaid card, which parents...

ATM Trade Group Wants More Banks to Join.
February 22, 2007... The ATM Industry Association is stepping up its efforts to promote membership growth. The Brookings, S.D.-based organization held a cocktail reception in Orlando, Fla., at its recent Eastern Conference meeting during which the 10-year-old...

Thieves Steal Card Data From Grocery Chain.
February 22, 2007... Thieves tampered with point-of-sale terminals and stole debit and credit card information, including PIN data, at two Stop & Shop Co. supermarkets in Rhode Island. The theft has led to an undetermined number of fraudulent card transactions. ...

Wincor Nixdorf Ties Servicing To Growth Plans.
February 22, 2007... In the last several years, executives at Wincor Nixdorf USA repeatedly have said they would buy companies in the U.S. to service both its ATMs and its competitors'. But that idea has fallen by the wayside. Instead, Wincor Nixdorf plans to...

More Canadians Use ATMs and Bank Online.
February 22, 2007... More Canadians are using ATMs and online-banking services instead of bank branches to conduct day-to-day transactions, new survey data suggest. Last fall, 81% of Canadian adults surveyed used an ATM during the previous month, says Rhonda...

Vendor News.
February 22, 2007... CO-OP FLIES AMERICAN American Airlines Federal Credit Union has selected Co-Op Financial Services to drive its 131 ATMs and process its more than 5 million debit cards. The credit union, which is based in Fort Worth, Texas, serves current...