ATM & Debit News articles from February 2008

ATM & Debit News archives from February 2008

News Briefs.
February 7, 2008... NetSpend Names New CEO; Denies Failed Deal Was Cause NetSpend Corp. yesterday named board member Daniel R. Henry CEO. Henry replaces Richard J. Savard, who served in the top position at the Austin, Texas-based company since 2004. The...

Wincor Nixdorf Making Plans To Double U.S. Market Share: German Firm AIMs For No. 2 Spot Worldwide.
February 7, 2008... Paderborn, GermanyEckard Heidloff, president and CEO of Wincor Nixdorf International GmbH, expects the ATM manufacturer to double its U.S. market share, reaching 10% in the next three years as part of a strategic plan to become the worlds...

Eight States Now Using Cards To Pay Federal WIC Benefits: Move Cuts Costs And Promotes Convenience.
February 7, 2008... New Mexico and Michigan hope to reduce costs and increase convenience for Women, Infants and Children benefits recipients by switching from checks to cards. The states are among eight that have decided to offer electronic payments in the...

NCR Corp. Financial Self-Service Reports 14% Rise In 4Q Revenues.
February 7, 2008... NCR Corp., the worlds largest ATM manufacturer in terms of machines shipped in 2006, says its Financial Self-Service business, or its ATM business, reported fourth-quarter 2007 revenues of $537 million, up 14% compared with $472 million for the...

Paychex Launches Branded Flexible-Spending Account Debit Card.
February 7, 2008... Paychex Inc. is marketing a MasterCard-branded flexible-spending debit card that employees may use to pay for eligible purchases and have the funds deducted automatically from their accounts. Rochester, N.Y.-based Paychex, a provider of...

States Seldom Limit ATM Fees, Group Says.
February 7, 2008... State lawmakers rarely pass legislation banning or capping ATM surcharges and foreign-ATM fees because such restrictions might harm state-chartered financial institutions, but that does not stop state representatives from introducing such...

Personnel Items.
February 7, 2008... Network Branded Prepaid Card Association The Sherborn, Mass.-based Network Branded Prepaid Card Association has announced management changes. Gary Palmer, executive vice president of Jacksonville, Fla.-based Fidelity National...

News Briefs.
February 14, 2008... FIVE MORE FINANCIAL INSTITUTIONS SIGN WITH MONITISE FOR MOBILE BANKING Monitise Americas LLC, a mobile-banking and payments provider, says five more financial institutions have signed mobile-banking agreements with the company. That means...

Ingenico Makes Hypercom A $332M Offer It Does Refuse: Proposal Pointed To Ingenico's Goal Of U.S. Expansion.
February 14, 2008... Ingenico S.A., which has been looking for ways to capture more of the U.S. payment-terminal business, made an unsolicited bid to buy Hypercom Corp., the worlds third-largest payment-terminal maker. Hypercoms board, however, considered the...

Nautilus Says It Sold 14,000 ATMs Last Year Rival Says 'Maybe'; Analyst Says 'I Doubt It'.
February 14, 2008... Mostly off-premise ATM manufacturer Nautilus Hyosung America Inc. says it sold 14,433 ATMs in the United States and Canada last year, but the companys claim drew mixed reactions from former partner Tranax Technologies Inc. and an analyst who...

Vendor Briefs.
February 14, 2008... TRITON SIGNS ATM DEAL WITH CASHBOX IN THE UK Cashbox plc, a United Kingdom-based ATM independent sales organization, Monday announced that it signed a distribution agreement with Triton Systems of Delaware, an ATM manufacturer. The...

Maintenance Deal Confirms Industry's Outsourcing Trend.
February 14, 2008... ATM-services provider Solvport LLC has signed a one-year management agreement with Innovus Inc., an ATM independent sales organization, in a deal industry observers view as confirmation of an outsourcing trend in ATM ISO maintenance. Until...

Banks Should Invest In Teen Market, Firm Says.
February 14, 2008... Financial institutions should offer expanded services for the nations 16.4 million banked teens and find ways to attract the business of the 5.2 million unbanked teens who have sources of income, Packaged Facts, a consumer-goods marketing...

Credit Union Buys 50 NCR SelfServ ATMs.
February 14, 2008... BECU, formerly known as Boeing Employees Credit Union, is buying 50 of NCR Corp.s new SelfServ ATMs, the two companies say. The SelfServ line, which comes in six models, accepts envelope-free bulk-check and bulk-cash deposits. NCR rolled...

Personnel Items.
February 14, 2008... Fiserv Inc. Fiserv, Inc. has appointed Denis OLeary to its board. OLeary serves as a senior advisor to the Boston Consulting Group, which is based in the city that shares its name. He will serve on the audit committee of Brookfield,...

Coming Events.(Calendar)(Conference notes)
February 14, 2008... Card Forum & Expo Attendees of the Card Forum & Expo include card issuers, analysts, associations, and service and technology providers in credit, debit and prepaid card industry. This 2008 conference takes place April 6-8 at the Doral...

PCI Council Assumes Control Of PIN-Entry Device Standards.
February 21, 2008... The Payment Card Industry Security Standards Council announced Feb. 11 it has begun managing PIN-entry device security requirements, duty previously handled jointly by Visa Inc., MasterCard Worldwide and JCB International Credit Card Co. Ltd.,...

Public Picks PIN Over Signature In Payment-Preferences Survey: Users Like PIN Debit's Speed And Familiarity, Analyst Says.
February 21, 2008... Consumers prefer typing in a four-digit PIN to signing their names when making debit card purchases, according to a report from Gartner Inc., a Stamford, Conn.-based research and consulting company. PIN debit offers speed and familiarity,...

Wincor Nixdorf And Federal Express Team Up To Deliver Parts Quickly For ATM Repairs: Better Service Could Help ATM Vendor Grow.
February 21, 2008... Wincor Nixdorf USA has improved its ability to service the ATMs it sells, especially in big cities where parking lots are expensive and street parking is in short supply, by signing a partnership agreement with Federal Express Corp.s Global...

Wells Fargo Expands Test Of Envelope-Free ATMs; Bank Also Is Certifying NCR SelfServ Machines: Wells Fargo's Velline: "the market for bulk-cash and bulk-check ATMs has become more competitive, but we award one-third of our ATM business to diebold, ncr and wincor nixdorf.".
February 21, 2008... Wells Fargo & Co. has expanded its test of Diebold Inc.s envelope-free, bulk-check and bulk-cash deposit ATMs, Jonathan G. Velline, the banks senior vice president of ATM Banking & Distribution Services, tells ATM&Debit News. The San...

NetSpend Appoints CEO To 'Move Beyond' Failed Attempt To Sell Firm, Exec Says.
February 21, 2008... Netspend Corp. EARLIER THIS MONTH replaced its CEO to signal a change in the companys direction, says Adil Moussa, an analyst with Aite Group, a Boston-based consulting firm. NetSpend Feb. 6 named board member Daniel R. Henry as CEO,...

Vendor Briefs.
February 21, 2008... LibertyBank Joins MoneyPass To Free Consumers Of ATM Fees LibertyBank, a privately held bank based in Eugene, Ore., announced Friday it has joined the MoneyPass surcharge-free ATM network. By joining the MoneyPass network, we save our...

Nautilus Hyosung Appeals Court Decision, Surprising Former Business Partner Tranax: Tranax's Dunn: "the lawsuits are part of a campaign of harassment by nautilus hyosung that began when the two companies went their separate ways a year ago after a dispute over strategy.".
February 21, 2008... Nautilus Hyosung, a Seoul, South Korea-based ATM manufacturer, has appealed a Korean courts dismissal of its patent-violation lawsuit against former business partner and current rival Tranax Technologies Inc. Nautilus Hyosungs appeal...

Personnel Items.
February 21, 2008... Cardtronics Inc. Houston-based Cardtronics Inc. has appointed Dennis Lynch and Tim Arnoult to its board. Lynch is chairman and CEO of Providence, R.I.-based RightPath Payments Inc. Arnoult retired from Charlotte, N.C.-based Bank of America...

Coming Events.(Conference news)(Calendar)
February 21, 2008... Card Forum & Expo Attendees of the Card Forum & Expo include card issuers, analysts, associations, and service and technology providers in the credit, debit and prepaid spaces. This 2008 conference takes place April 6-8 at the Doral Golf...

News Briefs.
February 28, 2008... FIRST DATA, WELLS FARGO EXTEND DEBIT CARD-PROCESSING CONTRACT First Data Corp. Tuesday said it has signed a multiyear contract extension to process debit card transactions for Wells Fargo Bank. Wells issues19.6 million debit cards. ...

Cash Remains King At ATMs; Reason For 70% Of Transactions.(Conference notes)
February 28, 2008... New Orleans -- Seventy percent of last years transactions at the worlds 1.7 million ATMs involved cash withdrawals, Michael Lee, CEO of the ATM Industry Association, told attendees last week at the organizations two-day conference in New...

CheckFree Latest And Largest To Offer Consumer Online Check-Deposit Options.
February 28, 2008... CheckFree Corp. is the latest and the largest company to offer consumer online check-deposit services to its client financial institutions. Though CheckFrees software is among only a handful of similar products, an industry observer...

Triton Sees Financial Services-Market Gains.(Conference notes)
February 28, 2008... New Orleans -- Triton Systems of Delaware Inc., known as a manufacturer of ATMs for convenience stores and other off-premise retail locations, is making inroads into the ATM market for community banks and credit unions, a goal the company has...

ATM Industry Meets In New Orleans To Aid City's Recovery; Bank Executive Tells Of His Plight In Storm's Aftermath.
February 28, 2008... New OrleansThe ATM Industry Associations 2008 conference, which wrapped up last week in New Orleans, was held there to support the citys recovery efforts from Hurricanes Katrina and Rita, says Tom Harper, association president and president of...

IBC Bank Switches Debit Portfolio To Visa From MasterCard And Pulse: Texas Bank Says Adios To Former Partners.
February 28, 2008... International Bancshares Corp.s IBC Bank will convert its debit card portfolio to Visa-branded cards and use Visa Inc.s Debit Processing Service, dealing losses to former partners MasterCard Worldwide and the Pulse EFT Association. Under a...

Vendor Briefs.
February 28, 2008... CARDTRONICS IPO AND HIGHER COSTS WERE FACTORS IN 4Q LOSS Cardtronics Inc., the worlds largest nonbank owner and manager of ATMs, this morning reported a 2007 fourth-quarter net loss of $43.5 million compared with net income of $2.1 million...

Wells Fargo ATMs Collect Funds For Fire Victims.
February 28, 2008... As wildfires raged in Southern California last October, Wells Fargo & Co. used part of its ATM network to help victims for the second time in eight months. The San Francisco-based bank, the West Coasts largest financial institution based...

Correction.(Correction notice)
February 28, 2008... ATM&Debit News incorrectly reported a comment from Leon Majors, an industry consultant, in the Feb. 14 issue. The publication quoted Majors as saying he did not know of any independent sales organizations buying Nautilus Hyosung ATMs. He...

Personnel Items.
February 28, 2008... Hypercom Corp. Phoenix-based point-of-sale terminal maker Hypercom Corp. has appointed Heidi R. Goff president and managing director of the Americas. She will oversee sales, service and support in North America, South America, Mexico, the...

Coming Events.(Conference news)(Calendar)
February 28, 2008... Card Forum & Expo Attendees of the Card Forum & Expo include card issuers, analysts, associations, and service and technology providers in the credit, debit and prepaid spaces. This 2008 conference takes place April 6-8 at the Doral Golf...