ATM & Debit News articles from July 2007

ATM & Debit News archives from July 2007

Cardtronics Sees Vcom Losses.
July 12, 2007... ATM owner Cardtronics Inc., which has agreed to purchase 7-Eleven Inc.'s ATM and Vcom portfolio, says it expects operating losses on the Vcoms, which offer check cashing, bill payments and money transfers. "Those services are generating losses,...

Diebold Works To Strengthen Position In India.
July 12, 2007... Diebold Inc., the North Canton, Ohio-based ATM manufacturer, is taking steps to improve its competitive position in India, a market expected to experience a 25.4% compound annual growth rate for its installed base of ATMs between 2006 and 2010,...

Debit Cards Key Source Of 'Abusive' Loans.
July 12, 2007... Debit cards are the single-largest source of what consumer advocates call "abusive" bank overdraft fees, according to a new study. The fees are high-cost loans that banks and credit unions charge to accountholders who withdraw more money...

Triton Launches ATM For Banks, Which Could Mean A Price War.
July 12, 2007... In a move that could spawn a price war among bank ATM makers, Triton Systems of Delaware Inc. has introduced its first full-service ATM for financial institutions. Triton is marketing the new ATM, the FT7000, to regional and community...

NCR Corp. Deploys ATMs For Polish Bank.
July 12, 2007... Dayton, Ohio-based NCR Corp. has deployed 220 ATMs for PKO Bank Polski S.A., one of Poland's oldest and largest banks. With the new machines, which include multifunction ATMs and cash dispensers, the bank has purchased more than 1,630 ATMs...

Windows Remains Europe's Preferred Operating System.
July 12, 2007... Microsoft Inc.'s Windows is the preferred ATM operating system in Central, Eastern and Western Europe, according to Retail Banking Research Ltd., the London-based strategic research and consulting firm that compiles annual data on ATM...

Cashbox Names New Chairman.
July 12, 2007... Cashbox PLC, the Hook, England, off-premise ATM deployer, has named a new chairman and secured a loan that could help the company place more cash machines throughout the United Kingdom. John Maples, a Member of Parliament who represents...

Vendor News.
July 12, 2007... KEIPER RESIGNS AS CEO William Keiper of Hypercom Corp., the Phoenix-based payment terminal maker, is resigning as CEO and as a member of the company's board of directors Aug. 15, Hypercom announced this morning. Hypercom named Keiper CEO...

News Briefs.
July 19, 2007... BANCORP TO BUY PREPAID ISSUER The Bancorp Inc. of Wilmington, Del., announced Tuesday that it has reached an agreement with BankFirst of South Dakota to buy Stored Value Solutions, a prepaid card issuer, for cash and stock. Bancorp will pay...

BofA, Harris Boost Presence In ATM Market.
July 19, 2007... Bank of America Corp. and Harris Bank of Chicago have announced acquisitions that will grow their ATM networks. By purchasing LaSalle Bank of Chicago, BofA can strengthen its ATM presence in Chicago and enter the ATM market in Detroit. ...

Tempo Prepares For New Growth In Debit Cards.
July 19, 2007... Capital One Financial Corp.'s cobranded decoupled debit card has become a catalyst for change at a payments company that believes the industry is on the cusp of a major restructuring. Tempo Payments Inc., the San Mateo, Calif.-based...

Online Deposits Help Drive Growth Of Home Banking At Credit Unions.
July 19, 2007... Home banking, which customers can use to manage their money online without visiting an ATM or financial institution branch, is growing in popularity among credit unions. Credit unions can now add to their home banking services a deposit...

Fed Changes Small-Receipt Requirement.
July 19, 2007... Merchants no longer will be required to provide customers with receipts for debit card purchases of $15 or less, following the Federal Reserve Board's approval of a rule change to the Electronic Funds Transfer Act's Regulation E. The regulation...

BofA Reports Debit Increase.
July 19, 2007... Bank of America today reported an increase in debit card purchase volume as part of the release of its second-quarter earnings. Second-quarter debit card purchase volume was $47.4 billion compared with $42.6 billion in 2006's second...

Tempo Offering Private-Label Card.
July 19, 2007... Tempo Payments offers debit card issuers a private-label card network, that connects with 200,000 merchants, including Wal-Mart Stores Inc., says Mike Grossman, CEO of Tempo Payments Inc. Cards issued on Tempo's network collect 15 cents per...

Pulse, Comerica Ink Exclusive Pact.
July 19, 2007... The Pulse EFT Association has signed an exclusive debit-processing agreement with Comerica Bank, Pulse's fourth exclusive deal in two years. Under the long-term agreement, Pulse is to provide ATM and pin-debit processing for Comerica, Dave...

Denver To Install Card-Taking Meters.
July 19, 2007... Starting in spring or summer of 2008, Denver's Department of Public Works plans to begin replacing traditional coin-operated parking meters with a mix of kiosks and "smart" meters that accept credit and debit cards as well as cash and cash...

Vendor News.
July 19, 2007... DIEBOLD PLACES 100,000TH ATM Diebold Inc. has installed its 100,000th Opteva ATM at Commerce Bank's headquarters in Clayton, Mo. Commerce Bank began replacing and updating its 406 ATMs in four states in March 2007. Diebold reviewed its...

Diebold Delays 2Q Release.
July 26, 2007... Diebold Inc., which is already under investigation by the U.S. Securities and Exchange Commission for the ATM manufacturer's revenue-recognition policy, yesterday announced it is delaying the release of its second-quarter earnings, pending a...

Cardtronics Inc. Has Completed Portfolio Purchase.
July 26, 2007... Cardtronics Inc. announced Friday it has completed its purchase of 7-Eleven Inc.'s ATM and Vcom portfolios, but it will take a while before Cardtronics knows if it can say "Thank Heaven for 7-Eleven" or if the company will have to make...

Losses Continue, But TRM CEO Stays Optimistic.
July 26, 2007... After a long delay, financially troubled TRM Corp., the second-largest non-bank owner of ATMs behind Cardtronics Inc., finally filed its first-quarter financial report after the market closed Thursday. TRM's first quarter ended March 31,...

Debit Cards And Online Banking Favored By Young Generation M.
July 26, 2007... Young consumers 18 to 25 are heavy users of debit cards and because they are the first generation to grow up using the Internet, they prefer interacting with banks online, not in person, according to a study by Celent LLC, a Boston-based...

ATMIA Sticking With ATM PINs.
July 26, 2007... The ATM Industry Association, a global-trade organization for the ATM industry, has affirmed its support of the personal identification number, or PIN, as the most cost-effective and safest way for authentication at the ATM. The trade...

BofA Set To Expand Envelope-Free ATMs.
July 26, 2007... Bank of America Corp., the largest bank owner of ATMs, has more than 2,500 ATMs in 12 U.S. markets that permit customers to make cash and check deposits without envelopes or deposit slips. More than 12,000 of BofA's 17,183 ATMs accept deposits....

Bank Adding ATMs To Electronic Maps.
July 26, 2007... Royal Bank of Canada, the country's largest bank and ATM owner, plans to become the first bank in Canada to put its logo, branches and ATMs on mobile navigation and global-positioning satellite systems. Consumers who use electronic mapping...

Vendor News.
July 26, 2007... DIEBOLD WINS ATM CONTRACT Diebold Inc. announced yesterday that it has received an order to place 1,000 Opteva ATMs with the Vietnam Joint Commercial Bank for Private Enterprises. Diebold will install 250 ATMs this year at the bank's...