ATM & Debit News articles from May 2009

ATM & Debit News archives from May 2009

Pulse Surcharge-Free ATM Network Forms Alliance With MoneyPass.(News Briefs)
May 7, 2009... In a move designed to provide a national reach for its newly launched Pulse Select surcharge-free ATM network, the Pulse electronic funds transfer network says it has formed an alliance with MoneyPass, which operates one of the country's...

Video Games Offer A Place To Play For Prepaid Card Providers.(Prepaid News)
May 7, 2009... Byline: Will Hernandez Though March revenues for video games dropped 17% to $1.43 billion from a year ago, the gaming industry still is performing better than such other forms of entertainment as movies and music, according to industry...

Diebold To Pay SEC $25 Million Fine, Hopes To End Three-Year Investigation.(ATM News)
May 7, 2009... Byline: Frederick H. Lowe Diebold Inc. may have resolved three years of legal troubles with the U.S. Securities and Exchange Commission and the U.S. Attorney's Office for the Northern District of Ohio. The North Canton, Ohio-based ATM...

Western Union Is Testing An Overnight Delivery Option For Its Funds Transfers With Prepaid Cards.(Prepaid News)
May 7, 2009... Byline: Will Hernandez Western Union Co.'s plan to offer consumers an overnight prepaid card-delivery service may help increase awareness of prepaid products, observers say. The service enables consumers to send funds via a Visa-branded...

Cardtronics Expects Swine Flu To Affect Mexican ATM Volume.(ATM News)
May 7, 2009... Byline: Frederick H. Lowe The recent swine flu outbreak is having an effect on the payments industry. But the disease's impact will be short-lived, says one industry observer who focuses on health issues. "The swine flu discourages...

Cardtronics Says Bank-Branding Revenues Have Slowed.(ATM News)(Financial report)
May 7, 2009... A Slowdown in the signing of new bank-branding agreements contributed to Cardtronics Inc.'s first-quarter loss. Last week, Houston-based Cardtronics reported a net loss $5.03 million for first quarter ended March 31. The company reported a...

Diebold Reports 76% Plunge In Q1 Net Income.(ATM News)(Financial report)
May 7, 2009... Byline: Frederick H. Lowe Deteriorating conditions in several key markets led Diebold Inc. to report a 76.1% plunge in first-quarter net income for the three-month period ended March 31. Diebold Tuesday recorded net income of $3.7...

PERSONNEL.
May 7, 2009... NCR Corp. NCR Corp. recently announced the appointments of Tushar Kothari as vice president of Worldwide Channels and Juliann Larimer as vice president of North American Channels, a new position at the Dayton, Ohio-based ATM manufacturer....

COMING EVENTS.(Calendar)
May 7, 2009... Wincor Nixdorf AG Wincor Nixdorf AG will hold its International Management Seminar May 27 to 29 in Marrakesh, Morocco. Center For Financial Services Innovation The Center For Financial Services Innovation will hold its fourth...

Four Arrested In ATM-Skimming Thefts.(News Briefs)
May 14, 2009... Law-enforcement authorities in the U.S. and overseas have arrested four Romanian men and charged them with using counterfeit debit cards to steal $1.8 million from ATMs owned by JPMorgan Chase & Co. and other banks in upstate New York and...

Reseller To Accept PIN-Debit Cards Online.(News Briefs)
May 14, 2009... 2Checkout.com, an authorized reseller for online retailers, has begun accepting PIN-debit cards online using Acculynk Inc.'s PaySecure technology. In March, ShoppersChoice.com, a luxury-cooking retailer, became the first online retailer to use...

These ATMs Wear Blue; Milwaukee Deploys ATMs In Police Stations.(ATM News)
May 14, 2009... Byline: Frederick H. Lowe Crimes involving ATMs are not unusual. In some cases, gunmen rob consumers as they withdraw money from the machines, or thieves steal the entire ATM, loading the machine onto a flatbed truck and driving off with...

Prepaid Travel Cards Offer Niche Opportunities To Replace Cash, Checks.(Prepaid News)
May 14, 2009... Byline: Will Hernandez Foreign-currency prepaid cards serve a niche market in the travel industry, though some industry insiders believe the cards can extend into other areas where cash and check use remains common. A recent...

In-House Processing Opens New Door For Cardtronics.(ATM News)(Company overview)
May 14, 2009... Byline: Frederick H. Lowe Cardtronics Inc. is embarking on a strategy that could expand the company's relationship with bank clients. The ATM independent sales organization wants financial institutions to let it process their ATM...

RushCard CEO Addresses Lower Fees To Compete With Wal-Mart.(Prepaid News)
May 14, 2009... Byline: Maria Aspan Two months after Wal-Mart Stores Inc. slashed fees on its prepaid cards, a high-profile competitor is rethinking its notably expensive product line. It likely will not be the last. Russell Simmons, the...

Tio Networks Tests Bill-Payment Kiosks At Family Dollar Stores.(ATM News)
May 14, 2009... Family Dollar Stores Inc., a self-service discount retail chain for lower-income consumers, is in Tio Networks Inc.'s sweet spot. Tio owns and operates self-service bill-payment kiosks that target families earning $20,000 to $60,000 annually....

PERSONNEL.
May 14, 2009... Triton Systems of Delaware Triton Systems of Delaware Inc., the Long Beach, Miss.-based ATM manufacturer, Monday announced two promotions. Triton promoted Alex Karetas to senior U.S. retail manager and Stephen Cuevas to regional sales...

Coming Events.(Calendar)
May 14, 2009... Wincor Nixdorf AG Wincor Nixdorf AG will hold its International Management Seminar May 27 to 29 in Marrakesh, Morocco. Center For Financial Services Innovation The Center For Financial Services Innovation will hold its fourth...

MasterCard Targets Hispanics.(News Briefs)
May 21, 2009... MasterCard Worldwide's efforts to make consumers more aware of prepaid products will be concentrated, at least temporarily, on the Hispanic market. The card brand expects to unveil a Spanish-language marketing and consumer-education campaign...

ISO To Test Private-Label PIN-Debit Card.(News Briefs)
May 21, 2009... Maverick Network Solutions, a Wilmington, Del.-based ISO soon will pilot merchant private-label PIN-debit cards that will use Star Processing Inc., a First Data company, as a gateway to card networks, including Visa, MasterCard, Pulse, NYCE and...

Nautilus Hyosung Hires Staff To Sell ATMs To Banks, Credit Unions.(ATM News)
May 21, 2009... Byline: Frederick H. Lowe ATM manufacturer Nautilus Hyosung Inc. is known throughout Asia as a major supplier of ATMs to banks and other financial institutions. In South Korea, for example, where the company is based, Nautilus Hyosung...

Debit Is Becoming Increasingly Important To Credit Card Companies.(Debit News)
May 21, 2009... Byline: Will Hernandez Visa Inc.'s recent debit card sales-volume milestone not only illustrates the lock Visa has on U.S. debit market share, but it also shows again that consumers are shifting from using credit cards to debit cards to...

Federal Legislation May Spark ATM Purchases By Smaller Banks, Analyst Says, But Banks Disagree.(ATM News)
May 21, 2009... Byline: Frederick H. Lowe Both Diebold Inc. and NCR Corp. have said the poor economy likely would cause shipments of ATMs to regional and community banks and credit unions to plunge this year. But new legislation approved by Congress...

MasterCard Touts Mobile Funds-Transfer Service.(Prepaid News)
May 21, 2009... Byline: Steve Bills MasterCard Inc. contends its upcoming text-message funds-transfer service will give it an early lead in the emerging mobile payment market. The card brand announced recently that its Mobile MasterCard MoneySend...

Massachusetts Wants Better Disclosure About Data Breaches.(Debit News)
May 21, 2009... The Massachusetts Bankers Association is asking Visa Inc. and MasterCard Worldwide to provide more information on large data compromises so banks can better serve their customers. The Boston Globe reported last week that 17 Massachusetts banks...

India-Based Bank To Issue Visa Check Cards In The U.S. Through NY Office.(ATM News)
May 21, 2009... India-based ICICI Bank Ltd. recently announced its U.S. branch in New York will begin to issue Visa check cards. The bank will offer the debit cards to its Global Indian Account and other checking-account customers. The Global Indian Account is...

Coming Events.(ATM News)(Conference news)(Calendar)
May 21, 2009... Wincor Nixdorf AG Wincor Nixdorf AG will hold its International Management Seminar May 27 to 29 in Marrakesh, Morocco. Center For Financial Services Innovation The Center For Financial Services Innovation will hold its fourth...