ATM & Debit News articles from November 2007

ATM & Debit News archives from November 2007

News Briefs.
November 1, 2007... Wincor Nixdorf International Forms Russian Subsidiary Wincor Nixdorf International GmbH, the Paderborn, Germany-based ATM manufacturer, has formed a subsidiary in Russia, the fastest-growing market in Central and Eastern Europe for the...

Kiosks Get Life In The Big House: The Machines Improve Staff Efficiency And Increase Sales @sh#By Meghan Boyer.
November 1, 2007... Multifunction kiosks are doing hard time in U.S. correctional facilities as more jails install them to handle fund deposits into inmate accounts, facilitate canteen orders and provide information to inmates. The kiosks save staff time and can...

NCR Leases Office Space In New York City: Lease Adds $3 Million To $5 Million To Annual Rent, Analyst Says.
November 1, 2007... NCR Corp., the world's largest ATM manufacturer in terms of estimated number of shipments last year, has signed an agreement to lease an entire floor of a New York City high-rise office building, Lorraine Russell, an NCR spokesperson, tells...

Strong Overseas ATM Sales Boost NCR's Third Quarter.(Financial report)
November 1, 2007... Strong ATM sales overseas, especially in the world's hotspot regions, generated a 17% third-quarter increase in revenue for NCR Corp.'s Financial Self Service business, or ATM segment, the company reported yesterday. Financial Self Service...

MasterCard's Debit Card Numbers Increase.
November 1, 2007... The Number of MasterCard Debit cards in the United States increased to 108 million during the third quarter. This is up 16% from 93 million during the same period last year, the company reported yesterday. Third-quarter U.S. purchase...

IBM Offers Program For PCI Compliance.
November 1, 2007... IBM Corp. is rolling out a program to help merchants and service providers comply with the Payment Card Industry Data Security Standard, known as PCI DSS. PCI DSS is a security standard governed by the Wakefield, Mass.-based PCI Security...

Metavante's New Independence May Prove Nice For NYCE EFT.
November 1, 2007... If everything goes as expected, Metavante Holding Co., owner of the NYCE Payments Network LLC, will be spun-off from Marshall & Isley Corp. into a separate company today. "The spin-off will occur sometime today," Metavante spokesperson,...

The News from Britain.
November 1, 2007... UK ATM ISO Bank Machine Ltd. Signs Deal With BT Payphones Bank Machine Ltd., the United Kingdom-based ATM operator owned by Cardtronics Inc., and UK-based BT Payphones plan to install at least 125 ATM payphone kiosks throughout the country...

Chicago, Milwaukee Roll out Kiosks For Bill Payment: Cities Are Among The First To Deploy Machines To Collect Fees.
November 1, 2007... Chicago residents now have the option of paying parking tickets and water bills at self-service kiosks deployed throughout the city. The kiosks, housed in select city bill-payment centers, police stations and libraries, accept cash, checks,...

Vendor Briefs.
November 1, 2007... Apple Says, 'Debit Accepted Here' Apple Inc. now accepts only credit and debit cards for the purchase of its popular iPhone. The company also is limiting the number of phones to two per customer. "Limiting iPhone sales to two per customer...

Personnel Items.
November 1, 2007... Donal Gogarty Capital Card Services Inc., a Sioux Falls, S.D., card portfolio manager, has hired Donal Gogarty as vice president for business development. Gogarty joined Capital Card Services from Card Management Corp., where he managed...

Coming Events.(Conference news)(Calendar)
November 1, 2007... Work Process Improvement Payments Automation Conference The Association For Work Process Improvement Payments Automation Conference is scheduled for Nov. 8-9 at the Renaissance Vinoy Resort & Golf Club in St. Petersburg, Fla. The...

CEO Bill Nuti Discusses Wide Range Of Issues Facing The Company And Its Markets Following The Spin-Off Of Teradata Warehousing: The U.S. Market Has Been Weak For 18 Months To 2 Years.
November 8, 2007... The United States market for ATM sales is weak and has been for some time, says Bill Nuti, chairman, president and CEO of NCR Corp., the world's largest ATM manufacturer based on estimated number of machines shipped worldwide last year. ...

Retail Automation Reports Higher Third-Quarter Operating Income.(Financial report)
November 8, 2007... NCR Corp.'s Retail Store Automation business, which develops self-checkout and traditional point-of-sale equipment for retailers, reported a third-quarter operating income of $20 million, up 82% from the same three-month period last year. ...

NCR's New York City Office Will Create Virtual Company: High-Rise Lease Puts NCR Close To Largest Customers, CEO Says.
November 8, 2007... NCR Corp.'s lease of an entire floor in a New York City high-rise office building is part of the company's strategy to create a virtual corporation, where employees work from home and communicate with each other over the Internet and the...

News Briefs.
November 8, 2007... PSCU Joins PCI Council As A Member PSCU Financial Services, a credit union service organization, announced Monday it has joined the Payment Card Industry Security Standards Council as a participating organization. The council is an...

Chase Says Bah Humbug To PIN Debit, Promotes Signature.
November 8, 2007... JPMorgan Chase & Co., the nation's fourth-largest debit card issuer, is playing Scrooge this holiday season when it comes to PIN-based debit card transactions. Chase, the banking arm of New York-based JPMorgan Chase & Co., launched a...

Vendor Briefs.
November 8, 2007... NCR Sells 1,300 ATMs To National Australia Bank NCR Corp., the world's largest ATM manufacturer based on estimated number of shipments, signed a deal valued at more than $100 million with National Australia Bank, Bill Nuti, NCR's chairman,...

Uncoupling The Riddle Of Decoupled Debit: The Challenge With Decoupled Debit Cards Comes With Getting Consumers To Sign Up.
November 8, 2007... Although some financial analysts have hailed decoupled debit as revolutionary, it faces an uphill climb for widespread consumer acceptance, according to a Mercator Advisory Group study. With decoupled debit, card issuers that do not control...

Personnel Items.
November 8, 2007... MasterCard Announces Organizational Change MasterCard Inc. announced Monday several organizational changes. Alan J. Heuer, MasterCard's chief operating officer, has been appointed to the newly created vice chairman position in...

Coming Events.(Conference news)(Calendar)
November 8, 2007... Work Process Improvement Payments Automation Conference The Association For Work Process Improvement Payments Automation Conference is scheduled for Nov. 8-9 at the Renaissance Vinoy Resort & Golf Club in St. Petersburg, Fla. The...

VeriFone Introduces New Payment Devices.
November 15, 2007... VeriFone Holdings Inc., the San Jose, Calif.-based point-of-sale terminal manufacturer, announced two payment devices Monday at the Cartes smart card trade show in Paris. The QX120 is a contactless payment device that supports the major...

School Lunch Programs See Less Green: Payments Tied To Debit And Credit Cards Speed The Lunch Line, Increase Sales.
November 15, 2007... More school districts are adding online debit and credit payments for parents who want to pay for their children's school lunches, changing what traditionally has been primarily a cash business. As a result, online card payments decrease...

Diebold Puts 3Q Financial Statement On Hold As It Seeks Substitute For 'Bill And Hold': The Company Still Has Not Released Its Second-Quarter Financials.
November 15, 2007... Diebold Inc., the world's second-largest ATM manufacturer in terms of estimated machines shipped last year, said Friday it will delay filing a key third-quarter document with the U.S. Securities and Exchange Commission. Diebold's...

Visa Hopes To Raise $10 Billion Through Its IPO.
November 15, 2007... Visa Inc., the world's largest debit and credit card network, wants to raise $10 billion through its initial public offering, the company said in a filing late Friday with the U.S. Securities and Exchange Commission. Visa, which is based...

NCR To Resume Stock Buyback After Analyst Day In December.
November 15, 2007... NCR Corp., the Dayton, Ohio, ATM manufacturer, will resume buying back its stock after its Dec. 6 analyst conference in New York City, Bill Nuti, NCR's chairman, president and CEO, said during a third-quarter analyst conference. "During...

PCI Council Assumes Control Of Another Security Standard.
November 15, 2007... The Payment Card Industry Security Standards Council, which is charged with managing security standards for the payments industry, has expanded its coverage. The Wakefield, Mass.-based council earlier this month assumed management of the...

Diebold's Anti-Skimming Wall Designed To Stop Skimmers' Ladders.
November 15, 2007... Diebold Inc. has introduced a skimming detection system for its Opteva line of ATMs that a company executive claims is the first product of its kind. The product, called Advanced Skimming Detection, is a combination of hardware and...

Vendor Briefs.
November 15, 2007... NCR Ended Third Quarter With $1.033 Billion NCR Corp., the world's largest ATM manufacturer in terms of ATMs shipped last year, ended the third quarter with $1.033 billion in cash and cash equivalents, the company says. The Dayton,...

NCR's Reasons For Pursuing China's Market.
November 15, 2007... NCR Corp. sees a big opportunity to sell ATMs in China because of the lack of machines there based on the country's population, Bill Nuti, the company's chairman, president and CEO, told analysts during the company's recent third-quarter...

Vendor Briefs.
November 15, 2007... Stanford Credit Union Joins Allpoint Network Allpoint Network announced Monday that Stanford Federal Credit Union, a member-owned financial cooperative with $825 million in assets, has joined Bethesda, Md.-based Allpoint Network, a...

Personnel Items.
November 15, 2007... Heartland Announces Executive Promotions Princeton, N.J.-based Heartland Payment Systems announced several executive promotions. Robert Baldwin, who has served as chief financial officer since 2000, has been promoted to president and...

Coming Events.(Conference news)(Calendar)
November 15, 2007... ATMIA Conference Lieutenant Colonel Oliver North will be the keynote speaker at the ninth annual ATM Industry Association Conference taking place Feb. 20-22, 2008, in New Orleans. The conference is dedicated to business renewal topics and...

News Briefs.
November 29, 2007... NETSPEND HOLDINGS, CAPITAL ONE CALL OFF $700M PURCHASE DEAL The purchase is kaput-at least most of it. Capital One Financial Corp. and NetSpend Holdings Inc. announced Monday they have terminated their agreement in which Capital One...

Treasury Fails To Meet Deadline For Selecting Prepaid Vendor: Decision expected later, but timing is not assured.
November 29, 2007... The U.S. Treasury Department's Financial Management Service Bureau did not meet the Nov. 16 deadline for selecting a vendor to provide nationwide debit card services to unbanked check recipients of Social Security and other federal benefits....

ATMs Will Join Effort To Help BofA Cash In On Retirement Planning.
November 29, 2007... Bank of America will use the majority of its industry-leading ATM network to promote retirement planning to customers beginning in January, ATM&Debit News has learned. The use of ATMs will be part of an integrated-advertising campaign that...

Whether They Comply Or Not, Merchants Will Find PCI Costly: 65% Of Largest Merchants Have Reached Compliance With PCI Security Standard.
November 29, 2007... Merchants face numerous data security expenses whether or not they comply with the Payment Card Industry Data Security Standard, according to a Javelin Strategy & Research report. Costs associated with becoming compliant range from the low...

Cardtronics, TRM Report Third-Quarter Losses.(Financial report)
November 29, 2007... Cardtronics Inc. and TRM Corp., two large ATM independent sales organizations, recently reported third-quarter losses. Cardtronics, the world's largest ATM independent sales organization, reported a $10.7 million third-quarter net loss...

Brazilian ATM Manufacturer Sees Opportunity In The U.S.
November 29, 2007... Although NCR Corp.'s top executive says ATM sales in the United States have been flat for the last 18 months to two years, that fact has not deterred Itautec America Inc., the Doral, Fla.-based subsidiary of Brazil's largest ATM manufacturer,...

Vendor Briefs.
November 29, 2007... WINCOR NIXDORF ANNOUNCES MIXED-BUNDLE-DEPOSIT ATM Wincor Nixdorf USA announced a new mixed-bundle-deposit ATM Monday. The ATM is designed to allow consumers to deposit a mixed stack of up to 50 monetary notes and checks into a single...