ATM & Debit News articles from March 2008

ATM & Debit News archives from March 2008

News Briefs.
March 6, 2008... Chicago Transit Authority To Accept Credit And Debit Cards The Chicago Transit Authority, which operates the citys bus, elevated rail and subway lines, announced Monday it is installing 60 vending machines that will enable riders to...

United Technologies Offers $2.66 Billion For Diebold: Analyst Says The Company Will Increase Its Bid.
March 6, 2008... United Technologies Corp. on Sunday made public an unsolicited, hostile bid for Diebold, the worlds second-largest ATM manufacturer based on 2006 shipments. The offer of $2.66 billion, or $40 per share, for all of Diebolds 66.5 million...

Company Wants To Waive ATM Surcharge If Users Buy Gift Cards At The Machines.
March 6, 2008... Waiving withdrawal fees for consumers who buy gift cards at ATMs can increase transaction volume and earn ATM independent sales organizations more revenue, according to Better ATM Services Inc. Mesa, Ariz.-based Better ATM owns a patent...

Co-op Financial Latest To Offer Remote Deposit Products.
March 6, 2008... Co-op Financial Services is OFFERING remote-deposit capture products its member credit unions reduce back-office expenses and increase convenience for their clients. The Rancho Cucamonga, Calif.-based credit-union service organization has...

Remote Capture Improves Service At ATMs.
March 6, 2008... Financial institutions increase deposits and lower back-office costs if they deploy ATMs with remote deposit capture or envelope-free functions, says Patty Hayward, senior analyst with the Debit Advisory Service at Waltham, Mass.-based Mercator...

United Technologies Details Purchase's Benefits.
March 6, 2008... ATM manufacturer Diebold Inc. has been a standalone company since its founders started the business as Diebold Bahmann & Co. in 1859. The owners changed the name to Diebold Safe & Lock Co. and incorporated the business in August 1876. For 149...

Vendor Briefs.
March 6, 2008... Cardtronics To Deploy 32 ATMs With Old Point Bank Name Cardtronics Inc., the worlds largest independent sales organization based on owned and managed ATMs, Tuesday announced that it has signed a branding agreement with Old Point National...

Personnel Items.
March 6, 2008... Symstream Americas Symstream Americas has named Michael F. Hudson vice president and managing director. Before joining Symstream, Hudson was general manager of NCR EasyPoint and before that served as executive vice president and chief...

Coming Events.(Conference news)(Calendar)
March 6, 2008... Think 2008 Rancho Cucamonga, Calif.-based Co-op Financial Services Think 2008 event will take place April 14-16 in Rancho Mirage, Calif. Formerly known as the Co-op Annual Shareholders Meeting, Think 2008 is intended to provide...

News Briefs.
March 13, 2008... COMPENSATION FOR NCR CEO NUTI INCREASES TO $9.3 MILLION IN 2007 William Nuti, NCR Corp. chairman, president and CEO, received $9.3 million in compensation last year compared with $7.4 million in 2006, according to NCRs proxy statement. ...

TRM Borrowing $1 Million To Pay Down Debt From Sale.
March 13, 2008... An investment fund has loaned financially troubled TRM Corp., a Portland, Ore.-based ATM independent sales organization, $1 million to pay down a multimillion dollar debt, according to a U.S. Securities and Exchange Commission filing. The...

Students Prefer Receiving Aid Electronically, Which Saves Universities Time And Money.
March 13, 2008... Most college students prefer receiving financial aid by electronic-funds transfer instead of by check, says a provider of electronic-disbursement services. Checks are not a long-term solution. Electronic [funds] transfers are the way of...

Illinois Bill Would Reimburse Funds Unspent On Gift Cards.
March 13, 2008... Consumers with less than $10 remaining on their gift cards would be entitled to receive the balance in cash if the Illinois General Assembly votes in favor of the proposed legislation. House Bill 4719 would amend the Consumer Fraud and...

Family Of Man Murdered At ATM Sues BofA.
March 13, 2008... The family of an off-duty police officer killed last fall while withdrawing money from an ATM at night in Orlando, Fla., is suing Bank of America Corp. for alleged negligence. In the complaint, the family of Orlando police officer Alfred...

ISO Sees More Transactions At Branded ATMs: More Than 10,000 Of Cardtronics' ATMs Are Branded With Bank Names.
March 13, 2008... Transaction volume increases at ATMs that carry the names of financial institutions, according to Keith Myers, chief sales and marketing officer for Cardtronics Inc., the worlds largest ATM independent sales organization based on machines owned...

Vendor Briefs.
March 13, 2008... PULSE KEEPS THE BEAT BUT CHANGES ITS NAME The Pulse EFT Association LP is now just Pulse. The Houston-based company announced today it changed its name and will do business as Pulse. The new name more accurately reflects Pulses...

Personnel Items.
March 13, 2008... Monitise Americas Monitise Americas LLC, a mobile-banking and payments-service provider, has appointed Jeff McLaughlin executive vice president of mobile strategy. McLaughlin, who has more than 13 years of experience in the wireless...

News Briefs.
March 27, 2008... NASDAQ SET TO DELIST TRM STOCK.; ISO APPEALS; MANEUVERS FOR TIME The Nasdaq Global Market will suspend trading and delist TRM Corp.s common stock before the market opens Friday, the Portland, Ore.-based ATM independent sales organization...

Credit Unions Boost Revenue By Converting ACH To Debit: Interchange Revenue Critically Important To Credit Unions.
March 27, 2008... Credit unions should convert automated clearinghouse and cash transactions to PIN- and signature-debit transactions to earn more revenue and to stave off the threat of decoupled debit, say credit-union industry officials. Point-of-sale...

Payment Alliance Buys ATM Express: Processor Aims To Offer Merchants One-Stop Shopping.
March 27, 2008... Payment Alliance International, a payment processor, announced Monday it has purchased ATM Express Inc., a Billings, Mont.-based ATM-management company, for an undisclosed price. The deal, completed two weeks ago, fits Payment Alliances...

Retirement Planners Debate 401(k) Debit Card.
March 27, 2008... A debit card that taps into 401(k) funds is sparking debate in the retirement-planning industry. Retirement-plan advisers say borrowing from a nest egg should remain a loan of last resort and that the accessibility of a debit card could...

NYSE Warns Diebold Of Possible Delisting.
March 27, 2008... The New York Stock Exchange is threatening to delist Diebold Inc. for failing to file its 2007 10-K annual report with the U.S. Securities and Exchange Commission. Diebold, the worlds second-largest ATM manufacturer in terms of machines...

Vendors Briefs.
March 27, 2008... PUTTING DEPOSITS ON RUSHCARDS QUALIFIES HOLDERS TO WIN PRIZES UniRush Financial Services, the financial-services company founded by impresario Russell Simmons, announced Monday it is launching the A Winner A Week promotion for Prepaid Visa...

Personnel Items.
March 27, 2008... CheckFreePay CheckFreePay, a part of Brookfield, Wis.-based Fiserv Inc. and a provider of information-technology services, has appointed Tony Anthony and Mark McAlexander as national account executives, Paul Cole as sales director and...

Coming Events.(Conference news)(Calendar)
March 27, 2008... 2008 Financial Services Business & Technology Conference and Exhibition The theme of TowerGroup Inc.s 2008 Financial Services Business & Technology Conference and Exhibition is Charting Your Course for Success. The event is scheduled for...