ATM & Debit News articles from October 2008

ATM & Debit News archives from October 2008

News Briefs.
October 2, 2008... Tranax Names New CEO And CFO Tranax Technologies Inc., the Hayward, Calif.-based off-premise ATM manufacturer, Wednesday named a new CEO and chief financial officer. The company appointed Won Gee Lee to the positions of president and...

Wincor Nixdorf Buys Controlling Stake In IT Consulting Firm.(ATM News)
October 2, 2008... Wincor Nixdorf AG last week announced it has purchased 51% of Bankberatung Organisation, which provides information technology consulting services to banks, Andreas Bruck, company spokesperson, tells ATM&Debit News. The deal enables Wincor...

How Industry's Upheaval May Reshape Debit Field.(Debit News)
October 2, 2008... Byline: Maria Aspan, American Banker Last month's banking consolidation, involving several of the industry's biggest players, appears likely to alter the debit processing landscape. Citigroup Inc. announced Monday it would buy Wachovia...

Personnel.(Debit News)
October 2, 2008... Fidelity National Information Services Inc. Jacksonville, Fla.-based Fidelity National Information Services Inc. has named Marcia Danzeisen senior vice president of marketing and corporate communications. Fidelity National provides core...

Coming Events.(Debit News)(Conference news)(Calendar)
October 2, 2008... Financial Services Marketing Symposium The Financial Services Marketing Symposium plans to convene its sixth annual meeting Oct. 19-21 at Disney's Grand Floridian Resort & Spa in Lake Buena Vista, Fla. Cards International Cards...

Major Shift In ATM Leaders: With WaMu Purchase, Chase Nearly Doubles Size Of Its Network.(ATM News)
October 2, 2008... JPMorgan Chase & Co.'s $1.9 billion purchase Thursday of Washington Mutual Inc. nearly doubles the size of Chase's ATM network, giving the bank a stronger presence in the Pacific Northwest and on the West Coast, Kate Monahan, an analyst with...

Major Shift In ATM Leaders: Citi Buys Wachovia;Resulting ATM Network Ranks As Third Largest.(ATM News)
October 2, 2008... Citigroup Inc.'s purchase of Wachovia Corp. more than doubles the size of Citi's ATM network and creates the nation's third-largest bank-ATM network. The deal, announced Monday, also continues the shakeup of the 10 largest bank-owned ATM...

Debit Card Portfolios Get New Owners: Citigroup Nearly Triples Debit Card Portfolio With Wachovia Purchase.(Debit News)
October 2, 2008... Citigroup Inc. nearly quadrupled the number of debit cards it issues with its purchase Monday of Wachovia Corp. The deal also has the potential to benefit MasterCard Worldwide because New York-based Citi is a MasterCard issuer and may...

Debit Card Portfolios Get New Owners: Chase's WaMu Purchase Weds Big Debit Issuers; MasterCard May Suffer.(Debit News)
October 2, 2008... JPMorgan Chase & Co.'s purchase of Washington Mutual Inc. marries two of the nation's four largest debit card issuers, and the deal could be bad news for MasterCard Worldwide, an analyst says. According to PaymentsSource, an ATM&Debit News...

Diebold Current With Its SEC Filings; Raises Guidance.(ATM News)
October 2, 2008... Diebold Inc., the world's third-largest ATM manufacturer based on shipments, has become current with key U.S. Securities and Exchange Commission filings, enabling the company to resume normal reporting beginning with its third quarter, which...

Nautilus Hyosung Expects To Hit 30,000-ATM Goal.(ATM News)
October 2, 2008... Nautilus Hyosung America Inc., the nation's largest shipper of off-premise ATMs, says it expects to reach its goal of shipping 30,000 ATMs between February 2007 and this month, and strong sales of the 1800 Mini Bank have helped. The...

Wells Fargo Deploys More Envelope-Free ATMs.(ATM News)
October 2, 2008... Byline: Frederick H. Lowe Wells Fargo & Co. last week announced it is deploying 277 envelope-free ATMs in the Los Angeles area to serve customers and save trees. San Francisco-based Wells Fargo plans to install the ATMs throughout Los...

Vendor Briefs.(ATM News)
October 2, 2008... Cashbox Buys 499 Cash4All ATMs Cashbox, the United Kingdom-based independent ATM deployer, Tuesday announced that it signed an agreement to purchase 499 ATMs from Cash4All Ltd. Cashbox also says it is negotiating with Cash4All to...

News Briefs.
October 9, 2008... Allpoint Network To Expand Into The United Kingdom Allpoint, the nation's largest surcharge-free ATM network with 35,000 machines, will expand to the United Kingdom in November with 2,500 surcharge-free ATMs, Ben Psillas, the company's...

Surcharge-Free ATM Networks Cite Dramatic Growth At Forum.(ATM News)
October 9, 2008... Three of the nation's largest surcharge-free ATM networks that primarily serve credit unions and small banks announced Monday they have expanded or will expand in the near future. The networks made their announcements at a time when much of...

Possible Wells Fargo, Wachovia Deal Would Nearly Double Wells' ATM Network.(ATM News)
October 9, 2008... Tomorrow could be the day the financial community learns whether the planned merger between Wells Fargo & Co. and Wachovia Corp. will receive a green light. The two banks announced a deal Oct. 3 that would nearly double the size of Wells'...

Two ATM ISOs Will Test Issuing Amazon.com Prepaid Gift Card.(ATM News)
October 9, 2008... Two ATM independent sales organizations have reached agreements with Better ATM Services Inc., a Mesa, Ariz.-based vendor, to sell Amazon.com prepaid gift cards. Better ATM licenses software that enables ATMs to dispense the prepaid gift cards....

MasterCard Wants To Keep WaMu Debit Card Brand.(Debit News)
October 9, 2008... MasterCard Worldwide will fight to keep Washington Mutual Inc.'s debit card portfolio under its brand, Richard G. Lyons, executive vice president and global product group executive, debit and prepaid, told attendees Monday at SourceMedia's ATM,...

Citigroup To Test Deposit-Acceptance At 7-Eleven Stores.(ATM News)
October 9, 2008... Citigroup Inc. plans to launch a pilot that would enable customers to make deposits at certain ATMs located in 7-Eleven Inc. convenience stores, Mark Gilder, Citibank ATM and remittance business manager, consumer banking products, said Monday...

MasterCard Seeking A Debit Boost From Reward Program.(Debit News)
October 9, 2008... Byline: Maria Aspan , American Banker MasterCard Inc., whose efforts to catch up to Visa Inc. in debit have suffered a series of setbacks, is hoping to win over issuers with a reward program that will be widely available and financed by...

Personnel.
October 9, 2008... First Data Corp. Greenwood Village, Colo.-based First Data Corp. has named Robert P. DeRodes chief technology officer. DeRodes, 58, will join First Data's management team, reporting directly to Michael Capellas, the company's chairman and...

Coming Events.(Conference news)(Calendar)
October 9, 2008... Financial Services Marketing Symposium The Financial Services Marketing Symposium plans to convene its sixth annual meeting Oct. 19-21 at Disney's Grand Floridian Resort & Spa in Lake Buena Vista, Fla. Cards International Cards...

News Briefs.
October 16, 2008... Bank Deals Should Not Have A Negative Effect On NCR ATM Sales The recent consolidation of bank ATM networks should not have a negative effect on NCR Corp., Brian Bailey, the company's vice president of financial industry marketing, told...

Brand Deals Slow Growth In PIN-less Debit.
October 16, 2008... PIN-less debit transactions are growing more slowly than in previous years because Visa Inc. and MasterCard Worldwide have signed exclusive agreements with the nation's largest debit card-issuing banks. The contracts prohibit banks from...

Personnel.
October 16, 2008... Hypercom Corp. Scottsdale, Ariz.-based Hypercom Corp. appointed Samia Christine Bounaira managing director of Hypercom Mexico in Mexico City. TSYS Europe London-based TSYS Europe appointed Julius Schauerhuber director of business...

Coming Events.(Conference news)(Calendar)
October 16, 2008... Cards International Cards International has planned the Prepaid Cards Summit 2008 Conference & Expo for Oct. 22-23 in London. 14th Annual Best Practices In Retail Financial Services Symposium The 14th Annual Best Practices In...

United Technologies Withdraws Bid For Diebold.(ATM News)
October 16, 2008... After dropping hints for months, United Technologies Corp. made it official Monday, formally withdrawing its $2.66 billion, $40 per share, unsolicited offer for Diebold Inc., the world's third-largest ATM manufacturer based on 2007 shipments....

Federal Agencies Approve Merger Of Wells Fargo, Wachovia.(ATM News)
October 16, 2008... Two independent federal agencies have cleared the way for rapid approval of Wells Fargo & Co.'s $12.2 billion merger with Wachovia Corp.The deal will strengthen Wells Fargo's positions as the nation's third-largest bank owner of ATMs and the...

Canadian Debit Use Growing As Country Moves To Chip Cards.(Debit News)
October 16, 2008... Nine out of 10 Canadians have a debit card, and many have more than one, Mark O'Connell, president and CEO of Interac Association, the Canadian ATM and debit payment network, recently told attendees at SourceMedia's ATM, Debit & Prepaid Forum...

Five Chinese Banks Order 6,000 ATMs From NCR.(Debit News)
October 16, 2008... Dayton, Ohio-based NCR Corp., the world's largest ATM manufacturer based on 2007 shipments, Monday announced that it secured orders for 6,000 ATMs from China's five-largest commercial banks. "This order demonstrates how NCR continues to...

ATM Manufacturers Invest Heavily In Mobile Banking.
October 16, 2008... Manufacturers of ATMs, the first self-service banking machines, have pushed self-service banking in a new direction by heavily investing in mobile technology, which enables consumers to use their cellular telephones to bank by phone wherever...

Mortgage Crisis Eliminates 2 Leaders Of Bank-Owned ATM Networks.
October 16, 2008... The financial crisis triggered by high default rates in mortgage-backed securities has brought rampant consolidation among the largest bank owners of ATMs. In September and October, two owners grew much larger and one bank disappeared for...

Cardtronics Sees Banks As Rivals, Not Other ISOs.
October 16, 2008... Cardtronics Inc. does not compete with other ATM independent sales organizations, contends CEO Jack Antonini. Instead, he views the nation's largest banks as his rivals. "We rarely see them," Antonini said of other ATM ISOs last month...

Nautilus Hyosung Reshapes Off-Premise ATM Market.
October 16, 2008... Nautilus Hyosung Inc. shipped more off-premise ATMs in the United States last year than any other manufacturer, according to the upcoming 2009 edition of the ATM&Debit News EFT Data Book. Seoul, South Korea-based Nautilus Hyosung shipped...

News Briefs.
October 30, 2008... Diebold Reports Q3 Increase ATM manufacturer Diebold Inc. today reported increases in third-quarter net income and revenue, but Thomas W. Swidarski, Diebold president and CEO, warned analysts that the company's fourth-quarter performance...

Bank ATM Owners Raise Surcharge And Foreign Fees.
October 30, 2008... Byline: Frederick H. Lowe Banks and savings institutions in September were charging an average of $3.43 in combined ATM surcharge and foreign fees, an increase of 13% compared with $3.03 last year, according to a study released Monday by...

Alternative Payments Make E-Commerce Gains, And MasterCard Explores The Possibilities.
October 30, 2008... Byline: Will Hernandez Alternative-payment providers such as PayPal Inc. and Amazon Payment Solutions may threaten card-based payments, but MasterCard Worldwide says it wants to embrace alternative-payment methods and use them to enhance...

PNC Financial Expands ATM Network With Planned Purchase.
October 30, 2008... Byline: Frederick H. Lowe PNC Financial Services Group Inc.'s announcement Friday that it signed a definitive agreement to purchase National City Corp. continues the consolidation among the 20 largest bank-ATM owners. PNC operates the...

The Move To Cashless Society Hits A Speed Bump.
October 30, 2008... When motorists visit some of Washington State Department of Licensing offices to renew or purchase new driver's licenses, they can leave their payment cards at home. The offices do not accept plastic. "We have accepted only cash and checks...

Citi To Supply Unemployment Benefit Cards In Kansas.
October 30, 2008... Byline: Will Hernandez Citi Prepaid Service has landed its first major state contract to supply prepaid cards that support unemployment benefits, a Citi Prepaid spokesperson tells ATM&Debit News. The arm of New York-based Citigroup...

Personnel.
October 30, 2008... Market Platform Dynamics Boston-based Market Platform Dynamics, management consulting firm, named Scott Peterson managing director. Peterson, formerly senior vice president of payment strategy for San Francisco-based Wells Fargo &Co., will...

Coming Events.(Calendar)
October 30, 2008... Diebold Inc. Diebold Inc. is scheduled to hold its annual meeting 10 a.m. Nov. 12 at the Sheraton Suites Hotel in Cuyahoga Falls, Ohio. 14th Annual Best Practices In Retail Financial Services Symposium The 14th Annual Best...