ATM & Debit News articles from May 2007

ATM & Debit News archives from May 2007

MasterCard Debit Grows.
May 3, 2007... MasterCard Inc. yesterday released its first-quarter earnings, showing a big increase in the gross dollar volume worldwide for its debit cards. Gross dollar volume for the three months ended March 31 was $142 billion, up 36.1% from $105 billion...

Deal Will Extend ATM Network.
May 3, 2007... National City Bank announced Tuesday that it has reached a definitive agreement to purchase MAF Bancorp Inc., parent of MidAmerica Bank, for $1.9 billion. Once the deal closes, it will extend National City's ATM network into Wisconsin, says...

Firm To Add More To Prepaid Cards.
May 3, 2007... Can a company take the runaway success European telecommunication firms have had with prepaid cards and parlay it into a profitable prepaid venture in other areas, such as remittance and travel cards? Altair Financial Services International...

Pulse Signs Exclusive PIN Debit Agreement.
May 3, 2007... The Pulse EFT Network Monday signed an agreement to be the sole PIN debit network processor for BancorpSouth, the third such agreement in April between an EFT network and a bank or credit union. Industry officials agree the exclusive...

Elan And Partners Will Offer A Turnkey Kiosk.
May 3, 2007... Elan Financial Services, an ATM and debit card processor owned by U.S. Bancorp, announced last week that it has formed a partnership to develop customized turnkey kiosks that will provide a variety of financial services for ATM deployers under...

NCR Reports Income Drop.(Financial report)
May 3, 2007... ATM manufacturer NCR Corp. last week reported a first-quarter net income of $34 million, down 17% from $41 million for the same three-month period last year. The company attributed the earnings decline to NCR's manufacturing realignment and the...

Vendor News.
May 3, 2007... NETBANK SELLS ATM CONTRACTS NetBank, the Atlanta-based online bank, Sunday sold an ATM network's service contracts it managed to PAI ATM Services, LLC for $18 million. Netbank Payment Systems consists of 8,500 ATMs nationwide located in...

Frontier Airlines Goes Cashless.
May 10, 2007... Frontier Airlines recently began accepting only debit and credit cards for in-flight purchases of beer, wine and liquor. Frontier calls the service "cashless cabins," and wireless payment terminals made the elimination of cash possible,...

ATM Buyer Wants The Unbanked.
May 10, 2007... Payment Alliance International Inc.'s acquisition last week of Netbank Inc.'s ATM management contracts and its ATMs is part of its strategy to bring financial services to the unbanked and the underbanked. Payment Alliance, a Louisville,...

Contactless Cards Are Connecting.
May 10, 2007... The number of contactless debit and credit cards in the United States is expected to reach 109 million by 2011, up from 27 million at the end of 2006, according to a recently released study by Packaged Facts, a Rockville, Md.-based...

Card Is Designed For Online Purchases.
May 10, 2007... With the threat of identity theft making some consumers edgy about shopping over the Internet, VeriSign Inc., an Internet security firm, is adding another layer of protection with the development of cards that offer a constantly changing...

Contactless Debit Orders Pick Up.
May 10, 2007... Contactless debit cards are playing an increasingly larger role in the growth of contactless cards, one analyst says. There are more contactless credit cards than contactless debit cards, but that's slowly beginning to change, says Dan...

Vendor News.
May 10, 2007... BANK PLANS ATM EXPANSION Jordan-based Cairo Amman Bank plans to purchase 100 ATMs made by Diebold Inc., increasing the number of machines in its network from 90 to 190. NCR SIGNS CONTRACT NCR Corp., the Dayton, Ohio-based ATM...

Contactless Cards Could Cash Out Micropayments.
May 17, 2007... The debit card industry, which has been trying to displace cash as the primary payment vehicle for the $1.3 trillion micropayments industry, may have found a strong contender in contactless cards. Consumers are showing a lot of interest in...

Cardtronics' First-Quarter Loss Widens.(Financial report)
May 17, 2007... Cardtronics Inc., the largest non-bank owner of ATMs in terms of number of terminals, Friday reported a larger first-quarter net loss than in 2006, despite higher revenues. Cardtronics' revenues were $74.5 million, up 7.8% from $69.1...

Visa's Debit Sales Exceed Credit's By $11 Billion.
May 17, 2007... Combined sales for Visa USA's signature and PIN-based debit cards exceeded sales for Visa's consumer credit cards by $11.7 billion during the first quarter, Visa reported Monday. Sales on Visa's check card and Interlink, Visa's PIN-debit...

TIO Kiosks Get Into ExxonMobil's Gas Tank.
May 17, 2007... Prepaid debit cards are a commodity item sold in stores across the country. They hang on display racks, waiting to be taken up to the cash register and activated by clerks. Now prepaid card buyers, some of whom are underbanked or unbanked,...

Pulse Adds To Chinese Link.
May 17, 2007... United Commercial Bank, a $10.35 billion San Francisco-based bank that serves Chinese Americans and American companies doing business in China, Tuesday announced it has joined the Pulse EFT Association.Becoming a Pulse participant was a...

Vendor News.
May 17, 2007... CO-OP MEMBER ADDS PRODUCTS Ohio Healthcare Federal Credit Union, a Co-op Financial Services member since 2003, has added Co-op's ATM and debit card processing to Ohio Healthcare's product portfolio. Ohio Healthcare is located in Dublin,...

Tranax Blogs ISOs.
May 24, 2007... ATM vendor Tranax Technologies Inc. was looking for a way to communicate with independent sales organizations in a manner that was more personal and interactive than memos and sales bulletins typically allow. So the Newark, Calif., company...

NCR Finds Growing Sales In Nigeria.
May 24, 2007... ATM manufacturer NCR Corp. Thursday announced it has sold 400 ATMs and service contracts to Intercontinental Bank Plc, one of Nigeria's largest commercial banks. The deal, NCR's second major agreement since January with a big Nigerian...

Visa Cards Find A Higher Calling.
May 24, 2007... Visa USA last week reported a big increase in the use of its debit and credit cards to make donations to churches, synagogues and mosques. Last year, overall transaction volume for donations to religious organizations on Visa cards...

Firms Like Tempo Payments' Processing Beat.
May 24, 2007... Are credit card interchange fees becoming so onerous that merchants are looking for a way to escape them? Tempo Payments Inc. thinks so and is betting its future on it. The San Mateo, Calif., firm, formerly known as Debitman Card, hopes...

TRM's Red Ink Gets Redder.
May 24, 2007... TRM Corp., the nation's second-largest non-bank owner of ATMs in terms of number of machines, Tuesday reported its 2006 full-year and fourth-quarter results more than a month after the Nasdaq Global Market said it would delist the company for...

Vendor News.
May 24, 2007... DIEBOLD'S NEW ATM SOFTWARE Diebold Inc. yesterday introduced an ATM software platform at its customer conference and expo in Milan, Italy. The open-architecture software and services platform, Agilis EmPower, enables ATM owners to more...