ATM & Debit News articles from July 2008

ATM & Debit News archives from July 2008

News Briefs.
July 10, 2008... 111 CREDIT UNIONS HAVE JOINED CO-OP NETWORK SINCE JANUARY More than100 credit unions in 32 states and Washington, D.C., since January have joined the Co-op Network, the EFT arm of Co-op Financial Services, the Rancho Cucamonga, Calif.-based...

Thieves Used Counterfeit Cards To Steal $6 Million From Bank ATMs.
July 10, 2008... Three Ukrainian nationals used counterfeit ATM cards to steal nearly $6 million from Citibank N.A., Washington Mutual Inc. and First Bank of St. Louis, according to an FBI affidavit recently obtained by ATM&Debit News. A subsequent...

Visa Amends PIN-Debit Card Operating Rule, Ending A Department Of Justice Investigation.
July 10, 2008... Feeling the weight of a U.S. Department of Justice investigation, Visa Inc. has changed a regulation that had favored higher-interchange signature-debit cards over lower-interchange PIN-debit transactions. The problem arose when Visa...

Court Ruling Makes It Difficult For Ex-Triton Executives To Form Alliances And Compete Against Former Employer.
July 10, 2008... A Mississippi judge severely limited the ability of former Triton Systems of Delaware Inc. senior executives to align with another company and compete with the ATM manufacturer in the future. Last April, Triton sued Brian J. Kett, the Long...

Iowa Banks Get Bags For Bank Notes Damaged By The Flood.
July 10, 2008... Banks affected by Iowas floods recently began receiving special bags to deposit damaged and contaminated bank notes removed from ATMs and bank vaults, Annette Owens, assistant vice president of Cash Services at the Kansas City Federal Reserve...

Cardtronics Says Its ATMs Meet Industry Security Standards.
July 10, 2008... Cardtronics Inc. Is defending the security of its ATMs following a breach of machines it owns that are housed in 7-Eleven Inc. convenience stores. The breach has led to nearly $1 million in fraudulent withdrawals from ATMs throughout New York,...

Personnl Items.
July 10, 2008... NCR CORP. NCR Corp. recently named John Di Leo vice president of North America region sales. Di Leo previously had served as vice president of NCR global services sales and marketing. HYPERCOM CORP. Hypercom Corp. has appointed...

Coming Events.(Calendar)
July 10, 2008... CARD SERVICE FOR CREDIT UNIONS SCHEDULES CARD GROWTH WORKSHOPS Card Services For Credit Unions will stage five card growth workshops to help credit unions improve their debit card programs. The workshops are Sept. 8-9 in Dearborn, Mich.;...

News Briefs.
July 17, 2008... MASTERCARD REPLACES GENERAL MOTORS ON STANDARD & POORS S&P 100 INDEX Debit and credit card issuer MasterCard Inc. will replace General Motors Corp. in Standard & Poors S&P 100 index of stocks beginning at the close of trading today. ...

Bad U.S. Economy Is Good News For Surcharge-Free ATM Networks.
July 17, 2008... The slumping U.S. economy is cutting into home, automobile, travel and retail sales, but it is having the opposite effect on surcharge-free ATM networks. The nations financial weakness is proving a key factor in the long-term growth of...

JPMorgan Renews Prepaid Card Contracts With Two State Of Alaska Departments.
July 17, 2008... JPMorgan Treasury Services has renewed its contract with the State of Alaska to issue prepaid debit cards for food stamps, temporary cash assistance to families and child-support payments. Treasury services, a division of JPMorgan Chase &...

Select-A-Branch Network Completes Installation Of 10 ATMs At Boston Commuter Rail Stations.
July 17, 2008... Select-A-Branch LLC, the King of Prussia, Pa.-based ATM network, announced Tuesday it has installed 10 ATMs along Massachusetts Bay Transportation Authority commuter rail lines in Boston and the surrounding suburbs. The authority, which...

Vendor Brief.
July 17, 2008... MALAYSIAN BANK BUYS 1,230 WINCOR NIXDORF ATMS CIMB Bank Berhard, Malaysias second-largest bank based on assets, has purchased deposit-taking ATMs and cash dispensers from Wincor Nixdorf International GmbH of Paderborn, Germany, the vendor...

Deal Creates Largest Credit Union Surcharge-Free ATM Network: Of 10 ATMs At Boston Commuter Rail Stations LiLineLines Commuter Rail Lines.
July 17, 2008... Credit Union 24 has signed a 30-month deal with Allpoint that creates the nations largest surcharge-free ATM network for credit unions. Tallahassee, Fla.-based Credit Union 24, which operates point-of-sale and ATM networks for credit...

Personnel Items.
July 17, 2008... CO-OP FINANCIAL SERVICES Rancho Cucamonga, Calif.-based Co-op Financial Services has named Linda Laux regional sales manager with responsibility for Arizona, California, Oregon and Washington. FUTURA CARD SERVICES Futura Card...

News Briefs.
July 24, 2008... DIEBOLD TO SELL AND MANAGE ATMS IN DEAL WITH ONPOINT CREDIT UNION OnPoint Community Credit Union, Oregons largest credit union based on membership, Wednesday announced it signed an outsourcing agreement with Diebold Inc. The agreement calls...

Disasters Prompt Benefits Recipients To Sign Up For Direct Deposit.
July 24, 2008... As Hurricane Dolly raked parts of Texas today and Wednesday, the U.S. Treasury Department saw the Category 1 storm as another opportunity to encourage Social Security and Supplemental Security Income recipients to switch from checks to debit...

Dover Corp. Says It Has A Buyer For Triton, Its Financially Troubled ATM Manufacturer.
July 24, 2008... Dover Corp., which released its second-quarter earnings Wednesday, said it is close to selling Triton Systems of Delaware, the financially troubled off-premise ATM manufacturer, to an undisclosed buyer. We have moved Triton from Engineered...

Visa And Diebold Will Compete With Their ATMs In Beijing To Put Gold In Wallets of Tourists Attending The Olympics.
July 24, 2008... When the 2008 Beijing Summer Olympic Games open Aug. 8, athletes will compete on the track, in the pool, in the boxing ring and elsewhere for gold medals. Meanwhile, competition of another sort will unfold outside the sports venues as ATM...

Navy Federal Joins Nacha As A Direct Member To Influence The Payment's Group's Policies.
July 24, 2008... Navy Federal Credit Union, the worlds largest credit union in terms of members and assets, has joined NachaThe Electronic Payments Association as a direct member, both organizations recently announced. Nacha oversees development of rules...

419 Surcharge-Free ATMs Deployed In UK's Low-Income Neighborhoods.
July 24, 2008... At least 1 million consumers in the United Kingdom have access to 419 ATMs that charge no transaction fees under a program designed to bring less-expensive financial services to low-income areas, British treasury officials say. ...

Vendor Briefs.
July 24, 2008... WRG PROCESSES MORE THAN 2 MILLION TRANSACTIONS PER MONTH WRG Services Inc., an ATM manufacturer, processor and independent sales organization, recently announced it is processing more than 2 million transactions per month, which company...

PCI Council Adds 2 Types Of PIN Devices To Security Requirements.
July 24, 2008... The Payment Card Industry Security Standards Council has added unattended payment terminals and hardware-security modules to its testing program for PIN-entry devices, the council announced last week. PCI-approved labs already evaluate many...

Personnel Items.
July 24, 2008... BARCLAYCARD US Barclaycard US, the credit card business of Barclays PLC in the United States, has named Phillip W. Steitz chief information officer. Steitz will oversee enterprise-wide technology strategy, systems selection, management...

Coming Events.(Conference news)(Calendar)
July 24, 2008... CARDS & PAYMENTS LATIN AMERICA WILL DISCUSS MOBILE BANKING Cards&Payments Latin America has scheduled a conference for Sept. 22-24 at the InterContinental Hotel in Miami. Attendees will discuss mobile payments, smart cards and preventing...

News Briefs.
July 31, 2008... METAVANTES Q2 INCOME FALLS 14%; FIRM CITES NEW CAPITAL STRUCTURE Metavante Technologies Inc., a Milwaukee-based payments and banking-services company, earlier this week reported net income of $36.9 million for the second quarter ended June...

Nautilus Hyosung Parent Buys Triton: The Two Will Control 70% Of U.S. Off-Premise ATM Market.
July 31, 2008... Nautilus Hyosung America Inc.s South Korean parent company announced Wednesday it has signed an agreement to purchase ATM manufacturer Triton Systems of Delaware Inc. for an undisclosed price. Dover Corp., Triton Systems owner, and Nautilus...

Community Bankers Group In Georgia Endorses Shazam For Debit, EFT Processing.
July 31, 2008... The Community Bankers Association of Georgia is endorsing Shazam, the EFT network that is continuing to expand beyond its Midwestern roots. Shazam and the 325-member bankers association, which has headquarters in Atlanta, agreed in June to...

NCR's Second-Quarter Revenues Increase By 13% As ATM Shipments Rise In U.S. And Worldwide.
July 31, 2008... Nuti says NCRs ATM revenues improved because of solid demand. NCR Corp., the worlds largest ATM manufacturer based on 2007 shipments, Tuesday reported net income of $44 million for the second quarter, which ended June 30, down 55% from $98...

Wincor Nixdorf Reaffirms Its Economic Forecast Despite Deteriorating Worldwide Business Climate.
July 31, 2008... Despite a deteriorating general business climate, Wincor Nixdorf International GmbH, the worlds second largest ATM manufacturer based on 2007 shipments, last week reaffirmed its economic forecast, citing significant growth in Asia and the...

Bank of America Is Advertising Its Mobile Banking Platform On its ATMs.
July 31, 2008... Bank of America Corp. is using its giant ATM network to publicize its mobile banking platform, Tara Burke, a spokesperson for the Charlotte, N.C.-based bank, tells ATM&Debit News. We are using the ATM network to build awareness about the...

Law Firms Drop Class Action Lawsuit Against ISO TRM Corp.
July 31, 2008... Two law firms on Friday withdrew a class-action lawsuit against TRM Corp., the nations second-largest ATM ISO, three months after taking legal action. The U.S. District Court for the District of Oregon in Portland, where TRM is based,...

Personnel Items.
July 31, 2008... FISERV INC. The Accel/Exchange Network, which is owned by Fiserv Inc., has named Michael J. Kelly general manager. Kelly joined Fiserv from ePayments Consulting Group in Boonton, N.J., where he was president and CEO. INSIDE...

Coming Events.(Conference news)(Calendar)
July 31, 2008... INTERNATIONAL CARD MANUFACTURERS ASSOCIATION The International Card Manufacturers Association plans to hold its annual workshops in Stuttgart, Germany, and Schaumburg, Ill. The Schaumburg workshop is scheduled from Sept. 10 -11, and the...