ATM & Debit News articles from January 2008

ATM & Debit News archives from January 2008

U.S. Treasury Picks Comerica Bank To Issue Federal Prepaid Debit Card: More Than $18 Billion Will Be Loaded Onto The Cards By 2009, Analyst Says.
January 10, 2008... The U.S. Treasury Departments Financial Management Service has selected Comerica Bank to issue prepaid debit cards to unbanked recipients of Social Security and other federal benefits, such as veteran or railroad retirement benefits. The...

Kett Resigns As Triton's Financial Losses Mount: Second In Command Leaves As Manufacturer Predicts 4Q Loss.
January 10, 2008... Brian J. Ketts resignation last month as president of the financially troubled ATM manufacturer Triton Systems is more evidence that a price war among off-premise ATM manufacturers continues to wreak havoc, analysts say. The pressure is...

News Briefs.
January 10, 2008... NCR PROFITS HIGHER THAN EXPECTED NCR Corp.s stock price rose this morning after the ATM manufacturer reported that 2007s earnings from continuing operations will exceed previous expectations. The Dayton, Ohio-based company said earnings...

Vendor Briefs.
January 10, 2008... Metavante Buys UK Prepaid Card Processor, Entering Europes Market Metavante Corp. has moved into the growing European prepaid card market with the announcement this morning that it purchased Nomad Payments Ltd., a London-based prepaid-card...

Investment Firm Cuts Diebold's Stock Rating: Company Faces Tougher Domestic Competition From Wincor Nixdorf.
January 10, 2008... Wedbush Morgan Securities downgraded Diebold Inc.s stock from buy to hold because of accounting problems and a strongerthan-expected challenge on the domestic front from Wincor Nixdorf USA, the German-owned ATM maker. Hold, one of four...

Distributor Loss Behind CapOne's Calling Off Deal, Observer Says.
January 10, 2008... By Meghan Boyer Capital One Financial Corp. withdrew from an agreement to acquire NetSpend Holdings Inc. because a major prepaid card distributor is terminating its arrangement with NetSpend, says Gwenn Bezard, research director for...

Personnel Items.
January 10, 2008... Comerica Bank Dallas-based Comerica Bank has named Charles H. Tashjian retail market manager for Florida, where he is responsible for retail business, including personal banking, mortgage and small-business services. Tashjian, a senior...

Coming Events.(Conference news)(Calendar)
January 10, 2008... BAI TransPay Conference & Expo The BAI TransPay Conference & Expo is scheduled for Feb. 5-7 at the Gaylord Texan Resort & Convention Center in Grapevine, Texas. Attendees will learn to enter new markets, identify what customers want and...

News Briefs.
January 17, 2008... CITI ENDS LIMITS ON SOME ATM WITHDRAWALS IN NEW YORK CITY Citibank has ended limits on the amount of money an undisclosed number of its debit cardholders could withdraw from ATMs in New York City, a bank spokesperson says. Citibank began...

Diebold Will Restate Financials After Feds Scrutinize The Books: Analyst Calls Revised Reports 'Immaterial'.
January 17, 2008... ATM manufacturer Diebold Inc. announced Tuesday it will restate financial results for the previous four years after concluding discussions with the Office of the Chief Accountant of the U.S. Securities and Exchange Commission. Diebolds...

NCR Pursuing Hot Self-Service Kiosk Market: Units From 'New' Company Vend DVDs, Take Payments.
January 17, 2008... NCR Corp. introduced two products this week that signal the companys plans to pursue the fast-growing, self-service retail kiosk market, a segment made possible by the ATMs success. The new products are NCR Xpress Entertainment and...

TRM Agrees To Pay eFunds At Least $2.5 Million To End Services Deal.
January 17, 2008... TRM Corp., an ATM independent sales organization, has agreed to pay eFunds Corp. at least $2.5 million to terminate the companies 4-year-old master-services agreement, according to a TRM U.S. Securities and Exchange Commission filing. TRM,...

Nevada Deals Cards To Help Unemployment Recipients.
January 17, 2008... The Nevada Department of Employment, Training & Rehabilitation in November launched a Visa-branded debit card for unemployment benefits payments, joining state agencies around the nation in the move from checks to electronic payments. In...

ARK Innovations Predicts Kiosk Flood Near.
January 17, 2008... With the U.S. market for standard ATMs slowing, ARK Innovations LLC, an Illinois-based kiosk marketer, is preparing to test an 11-feature multifunction kiosk for the unbanked and underbanked. The Automated Retail Kiosk dispenses cash and...

Personnel Items.
January 17, 2008... Monitise Americas LLC Providence, R.I.-based Monitise Americas LLC, a provider of mobile banking and payments, has announced the promotion of Lisa Stanton to CEO from executive vice president. As CEO, she will expand relationships with...

Coming Events.(Conference news)(Calendar)
January 17, 2008... BAI TransPay Conference & Expo The BAI TransPay Conference & Expo is scheduled for Feb. 5-7 at the Gaylord Texan Resort & Convention Center in Grapevine, Texas. Attendees will learn to enter new markets, identify what customers want and...

News Briefs.
January 24, 2008... BANK OF AMERICA ATM NETWORK TOPS 18,000 UNITS AT END OF 2007 Bank of America, which operates the nations largest bank-owned ATM network, had deployed 18,753 branded ATMs as of the end of last year, according to the companys fourth-quarter...

Gen Y Is Reaching For Debit Over Other Payment Types.
January 24, 2008... Members of generation Y, a group that will become larger than the Baby Boomers prefer using debit cards to other types of payment for in-store and small-value purchases but reach for their credit cards more often for online and large purchases,...

Cardtronics, Circle K Convenience Stores Sign ATM-Processing Deal For 650 ATMs: First Contract For Cardtronics In-House Processing Network.
January 24, 2008... Cardtronics Inc., the worlds largest ATM ISO based on the number of machines it owns and manages, Monday announced it has signed a contract to process some ATM transactions for Circle K, a Montreal-based convenience store chain with operations...

Vendor Briefs.
January 24, 2008... NCRS LINE OF SELF-HEALING ATMS WILL HELP FULFILL ITS CHASE CONTRACT NCR Corp. this morning announced a new line of bulk check-accepting ATMs that is part of the Dayton, Ohio-based companys plan to fulfill its contract with JPMorgan Chase &...

Private Bank Joins Two Surcharge-Free ATM Networks.
January 24, 2008... The wealthy are just like the rest of us. They want surcharge-free ATM access. In the last two months, Northern Trust, a private Chicago-based bank founded for the wealthy, has joined Allpoint and MoneyPass, two of the nations largest...

PSCU Creates Chief Debit Officer Position.
January 24, 2008... PSCU Financial Services, the nations largest credit-union service organization in terms of credit-union members, has created a chief debit officer position to concentrate on debit penetration, activation and use. St. Petersburg, Fla.-based...

Personnel Items.
January 24, 2008... Co-op Financial Services Rancho Cucamonga, Calif.-based Co-op Financial Services has promoted Kim Swift to national relationship manager. She will oversee client relations with established members and identify business opportunities in the...

Coming Events.(Conference news)(Calendar)
January 24, 2008... MDM Canada Summit The 2008 MDM Canada Summit takes place Feb. 4-5 at the Holiday Inn on King in Toronto. Attendees, speakers and vendors will discuss customer-data integration, master-data management and data governance. BAI TransPay...

News Briefs.
January 31, 2008... The Stanford Federal Credit Union Shifts Debit Cards And ATMs To PSCU Palo Alto, Calif.-based Stanford Federal Credit Union has signed a five-year contract to move its 19,000 signature- and PIN-debit accounts and 8,500 ATM-only accounts to...

$1 Deposited In Savings Account For Each Wachovia Debit Purchase: Americans Feel They Are Saving Too Little, Study Finds.
January 31, 2008... Way2Save, a new service from Wachovia Corp., transfers $1 from a customers checking account into a savings account with each PIN- or signature-debit card purchase or electronic payment. The concept is automating the savings process for...

NCR Launches Bulk-Check Deposit ATMs; Move Helps Firm Keep Pace With Rivals.
January 31, 2008... NCR Corp. last week rolled out a line of ATMs that touch on New Age and environmental issues, but the most important thing the machines do is make NCR competitive in bulk-check deposit acceptance with rivals Diebold Inc. and Wincor Nixdorf, one...

NYCE To Provide PIN-Debit Processing And ATM Network For M&I Bank.
January 31, 2008... NYCE Payments Network LLC, one of the nations largest EFT networks, will provide exclusive point-of-sale PIN-debit processing and will be the primary ATM network for Marshall & Ilsley Bank. Milwaukee-based Marshall & Ilsley Banks more than...

Vendor Briefs.
January 31, 2008... Webster Bank Expands Its Presence By Rebranding Cardtronics ATMs Webster Bank expects to strengthen its presence in the Boston area with an ATM-branding agreement with Cardtronics Inc., a Webster executive says. Webster Banks 339...

ATM Network Copies Users' Home-Bank Screens.
January 31, 2008... Select-A-Branchs ATMs make cardholders feel at home. When a consumer inserts a card into a Select-A-Branch machine, the screen replicates the cardholders banks branded ATM screen, says Dan Stechow, chief operating officer for King of...

Personnel.
January 31, 2008... SWACHA Dallas-based SWACHA-The Electronic Payments Resource, a nonprofit regional payments association, announced in December the election of five board members and the election of new officers. The elected officers include Ben...

Coming Events.(Conference news)(Calendar)
January 31, 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 cards. The 2008 conference takes place April 6-8 at the Doral Golf Resort...