ATM & Debit News articles from June 2009

ATM & Debit News archives from June 2009

New Banknote Could Spark ATM Sales.(In Brief)
June 4, 2009... The introduction of a new, larger banknote will spark sales of new ATMs and the retrofitting of others throughout South Korea, according to Nautilus Hyosung Inc., which controls 40% of that country's market for bank ATMs. The Bank of Korea, the...

Underbanked Pay More For Bank Services.(In Brief)
June 4, 2009... Depending on the product or provider, underbanked individuals in the U.S. pay an average of $10 to $100 more in fees per month for the same financial transactions as those who use traditional checking accounts, according to a study by The...

NCR Sings 'Georgia On My Mind, But CEO Says 'I'll Take Manhattan'.(ATM News)(Company overview)
June 4, 2009... Byline: Frederick H. Lowe NCR Corp.'s decision to relocate its worldwide headquarters to Duluth, Ga., from Dayton, Ohio, where John Patterson founded the company in 1884 as National Cash Register, is keeping with the ATM manufacturer's...

MasterCard Hopes To Catch Visa Through The Growth Of Prepaid Cards.(Debit News)
June 4, 2009... Byline: Maria Aspan PURCHASE, N.Y. - MasterCard Inc., a longtime laggard in debit, increasingly is pinning its hopes of catching up with Visa Inc. on prepaid cards. The prepaid market remains tiny, but these cards are gaining...

Contactless Systems Present Fare Opportunities For Transit.(Prepaid News)
June 4, 2009... Byline: Will Hernandez Consumers' preference for using plastic instead of cash is prompting many transit authorities nationwide to switch their fare-collection methods to contactless smart card systems. The authorities prefer such systems...

Triton Systems Of Delaware Looks Ahead After The Collapse Of A Deal With Nautilus Hyosung.(ATM News)
June 4, 2009... Byline: Frederick H. Lowe Triton Systems of Delaware Inc. is making what it considers are the necessary moves needed for the ATM maker to regain its direction and to cut expenses in the wake of a merger deal that fell through last month...

Green Dot, NFinance To Cut Prepaid Prices To Compete With Wal-Mart.(Prepaid News)
June 4, 2009... Green Dot Corp. and NFinance Inc. announced yesterday they will cut the prices of their prepaid cards to compete with Wal-Mart Stores Inc., which claims it is on the way to 2 million cards and more than $2 billion transactions. Green Dot's...

PERSONNEL.(News)
June 4, 2009... Maverick Network Solutions Maverick Network Solutions has named Barbara Hvasta vice president of product management and Jill Boova vice president of client relations. Hvasta joins Wilmington, Del.-based Maverick from First Bank in...

Coming Events.(News)(Conference news)(Calendar)
June 4, 2009... Kansas City Fed The Kansas City Federal Reserve Bank will host an international conference on "The Changing Retail Payments Landscape: What Role For Central Banks?" in Kansas City, Mo., Nov. 9 to 10. SourceMedia SourceMedia's CTST...

New Zealand Bank, NCR Strike Deal.(News Briefs)
June 11, 2009... NCR Corp. says it recently sold 38 ATMs to the Bank of New Zealand. The machines are SelfServ models equipped with NCR's two-sided thermal-printing technology, which enables the ATMs to print customer information on both sides of the ATM...

Payments Coalition Takes To YouTube.(News Briefs)
June 11, 2009... The Electronic Payments Coalition, whose members include the major card brands and issuers of their products, is urging Congress to oppose interchange legislation, and it is using a link to a popular video-sharing Web site to propagate its...

Acculynk Wants To Link Up With Credit Unions To Boost PaySecure.(Debit News)
June 11, 2009... Byline: Will Hernandez Acculynk Inc. believes its partnership with Credit Union 24 to pilot the company's PaySecure Internet PIN-debit product will help test Acculynk's theory that credit-union members are debit-centric and will make debit...

U.S. Banks Urged To Analyze ATMs For Malware After Discoveries In Russia.(ATM News)
June 11, 2009... Byline: Frederick H. Lowe With the recent discovery of malicious software installed inside ATMs in Russia and Ukraine, Trustwave, a data-security company, urged U.S. banks to have their machines analyzed to determine whether crooks...

Issuers Believe Payments With Debit Cards Are On A Growth Track Despite An Anemic Economy.(Debit News)
June 11, 2009... Byline: Will Hernandez Despite an unsteady economy, debit card issuers predict a combined 7% transaction-growth rate for PIN- and signature-debit this year, according to the Pulse electronic funds transfer network's 2009 Debit Issuer study...

James Bond's Mr. Goldfinger Would Love These Kiosks.(Kiosk News)
June 11, 2009... Byline: Frederick H. Lowe A German asset-management company is using kiosks to sell small pieces of gold in tin gift packets to pique consumers' interest in buying larger amounts of the precious metal through its Web site. ...

ATMs Go Into A Phone Booth And Come Out A Card-Fraud Fighter.(ATM News)(Company overview)
June 11, 2009... Byline: Daniel Wolfe ATMs have donned Superman capes and become the front line of defense against card fraud for one bank. Banco de Credito e Inversiones of Chile says it has installed technology that enables ATMs to spot counterfeit...

PERSONNEL.(News)
June 11, 2009... Trustwave Holdings Inc. Trustwave Holdings Inc. has promoted Nicholas Percoco to senior vice president from vice president. Percoco also is head of SpiderLabs, the advanced security team of Trustwave.

Coming Events.(News)(Conference news)(Calendar)
June 11, 2009... SourceMedia SourceMedia's 18th Annual ATM, Debit & Prepaid Forum is scheduled for Oct. 18 to 20 at Caesars Palace In Las Vegas. SourceMedia's CTST Virtual is scheduled for June 16. Register for the event on SourceMedia Conferences' Web...

Former First Data CEO Starts Company.(News Briefs)
June 18, 2009... Former First Data Corp. CEO Charles Fote is creating a company that will integrate electronic-payment and funds-transfer products at the point of sale, Fote's spokesperson says. Fote intends to purchase different payments-industry companies and...

Windows XP Expansion Grows.(News Briefs)
June 18, 2009... The Microsoft Windows XP operating system, which has been the most-popular operating system for ATMs in Central and Eastern Europe since 2006, widened its lead over other ATM operating systems last year, according to Retail Banking Research....

Windows XP Expansion Grows.(Debit News)
June 18, 2009... Byline: Glen Fest Busey Bank in Champaign, Il., has offered a debit-rewards program since 2005 to build incremental revenue from cardholders through interchange and add-on services such as bill-pay. The program generates about $62 in...

Russia Is Europe's Largest ATM Market; Oil-Price Slide Cuts Shipments For Now.(ATM News)
June 18, 2009... Byline: Frederick H. Lowe Russian remains one of the world's ATM-deployment hot spots, but plunging oil prices almost certainly will cut deployments there this year. For the eighth consecutive year, Russia has reported the greatest...

Corporate One Federal Credit Union Signs Processing Deal With PSCU.(Debit News)
June 18, 2009... PSCU Financial Services has signed a five-year contract with Corporate One Federal Credit Union to provide debit, credit and ATM processing to Corporate One's credit-union members. Corporate One Federal, which is based in Columbus, Ohio,...

NCR To Open $37.5 Million ATM Factory In Brazil.(ATM News)
June 18, 2009... Byline: Frederick H. Lowe In a decision designed to respond more quickly with new products for Brazil's and Latin America's growing ATM markets, NCR Corp. announced Monday it will open a combination manufacturing plant and engineering...

Solvport To Service ATM Kiosks Deployed In California Casinos By Automated Systems.(ATM News)
June 18, 2009... Solvport, an ATM-and Kiosk-services provider, Monday signed a contract to provide telephone support for kiosks deployed in an undisclosed number of casinos throughout California. The Portland, Ore.-based company will provide full-time...

PERSONNEL.(News)
June 18, 2009... First American Payment Systems Forth Worth, Texas-based First American Payment Systems LP, an ISO, has hired Sam Atkins as its manager of financial institutions. Co-op Financial Rancho Cucamonga, Calif.-based Co-op Financial has...

COMING EVENTS.(News)(Calendar)
June 18, 2009... SourceMedia SourceMedia's 18th Annual ATM, Debit & Prepaid Forum is scheduled for Oct. 18 to 20 at Caesars Palace In Las Vegas.