ATM & Debit News articles from September 2005

ATM & Debit News archives from September 2005

To Our Readers.
September 1, 2005... Because of the long Labor Day holiday weekend, ATM&Debit News will not be published on Sept. 8. You will receive your next issue, the 2006 edition of the EFT Data Book, on Thursday, Sept. 15. Please have a safe and wonderful holiday! (c)...

Latin American Debit Grows.
September 1, 2005... Visa debit card purchases in the Latin America and Caribbean region exceeded $20 billion in the 12 months ending in June, a record 48% increase over the prior year, Visa says. There are now 136 million debit cards in the area, which includes 44...

New Jersey Allows Debit.
September 1, 2005... The New Jersey Election Law Enforcement Commission is allowing state political candidates to accept debit card payments from campaign donors. New Jersey is piloting the use of debit cards to finance campaigns in two legislative districts....

Debit Volume May Overtake Credit By 2006.
September 1, 2005... Debit transactions, both signature-based and PIN-based, combined may surpass credit card transactions in the next year or two, according to new data in ATM&Debit News' upcoming issue of the EFT Data Book 2006 Edition. PIN-debit purchase...

Interlink Replaces Star As Top PIN POS Network.
September 1, 2005... The PIN-debit pie keeps on growing for purchases made at point-of-sale locations. But only one PIN-debit POS network, Visa U.S.A.'s Interlink, seems to be benefiting from the robust use of PIN-debit at retail stores. Indeed, Interlink for the...

New Data Shows ATM Volume Decline As Deployment Numbers Increase.
September 1, 2005... More ATMs are being placed in such off-premise locations as convenience stores and supermarkets, even as consumers are using ATMs less. The resulting decrease in per-ATM transaction volume is forcing some deployers and ATM manufacturers to...

Cardtronics in eClassic Deal.
September 1, 2005... Cardtronics LP and eClassic Systems, a subsidiary of Jack Henry & Associates Inc., have signed a deal For Cardtronics to use eClassic Systems' ATM channel-management software for Cardtronics' fleet of more than 25,000 ATMs. The software will...

NCR, Efmark Strike Sales Deal.
September 1, 2005... Westmont, Ill.-based Efmark Inc. has joined Dayton, Ohio-based NCR Corp's Authorized Sales and Service Program. The agreement will give Efmark access to NCR parts, diagnostic tools and training programs. Efmark is a reseller of NCR ATMs and...

MasterCard IPO In Works.
September 22, 2005... MasterCard Inc., parent of MasterCard International, last week registered with the Securities and Exchange Commission on its initial public offering of stock. The date of the offering was not released. Much of the $2.45 billion in capital...

Katrina Slices Into FDC Profits.
September 22, 2005... Hurricane Katrina has knocked out about 1% of First Data Corp.'s transaction-processing volume and the company is predicting an earnings slump during the current quarter as a result. First Data Chairman and CEO Charles Fote told a gathering of...

Cardtronics' Merchant ATMs Weak On Volume.
September 22, 2005... Cardtronics Inc. is increasing its off-premise ATM portfolio mainly through aggressive acquisitions. But merchant clients of the largest U.S. ATM independent sales organization still struggle to improve transaction volumes. The...

Katrina Opens Door For More Prepaid Debit Use.
September 22, 2005... The Federal Emergency Management Agency's entry into prepaid debit to assist victims of hurricane Katrina is widely viewed by industry observers as a failure. FEMA discontinued issuing MasterCard-branded prepaid debit cards after only a...

ATM Operators Hit Hard By Katrina, While Vendors Predict Sales Boost.
September 22, 2005... Hurricane Katrina hit ATM operators hard. The storm swept away machines and took transaction volumes with them. Of the machines that did survive the storm, most could not process transactions as phone lines were down and power was out. ...

Some Will Swallow ATM Losses.
September 22, 2005... Some merchants and independent sales organizations will likely have to swallow the cost of replacing machines damaged from hurricane Katrina and massive flooding. Moreover, some financial institutions may not be able to recover lost cash in...

Lower Earnings For Diebold.
September 22, 2005... North Canton, Ohio-based Diebold Inc. has named its CEO, Walden W. O'Dell, president and chief operating officer. O'Dell replaces Eric C. Evans. The announcement comes on the heels of lowered earnings expectations in the third quarter. Revenue...

Former NYCE Chief In New Post.
September 22, 2005... The former head of the Montvale, N.J.-based NYCE electronic funds transfer network, Dennis F. Lynch, is being tapped to head Waltham, Mass.-based Collaborative Financial Concepts Inc. Lynch, who left NYCE as its CEO in September 2004, assumes...

BofA Ends Debit In SafeSend.
September 29, 2005... Bank of America is revamping its remittance program, phasing out Visa-branded prepaid debit cards and and accessing cash at ATMs, instead requiring recipients to pick up cash in person from 4,500 locations across Mexico. In a presentation at...

Interchange Opponents Agree.
September 29, 2005... Those on opposite sides of the debate over the interchange merchants pay debit card issuers now agree on one key legal element of the debate: It is highly unlikely that the U.S. Department of Justice will use the nation's antitrust laws to...

Check Card Has A Birthday.
September 29, 2005... Visa USA's check card turned 10 this week. The number of financial institutions issuing the debit card has grown from 2,792 in 1995 to more than 9,000 today, Visa says. Visa cardholders have increased to 167 million in 2005 from 32 million in...

Casino ATM ISO Places Its Bet On An IPO.
September 29, 2005... Global Cash Access Holdings Inc., the Las Vegas-based casino ATM owner and manager and debit card transaction processor, is rolling the dice in hopes of making a successful conversion from a private to a public company. Global Cash pulled...

NYCE Taps Into Canadian Debit Purchases In U.S.
September 29, 2005... It appears Canadians are bringing their heavy PIN-debit user habits to the U.S. The Montvale, N.J.-based NYCE EFT network began switching Canadian debit cardholder transactions in the U.S. about 10 months ago - a first for a U.S. EFT...

MasterCard, Cardtronics Jump Into Surcharge-Free ATM Deal For Issuers.
September 29, 2005... Access to surcharge-free ATMs is crucial to smaller financial institutions that lack a nationwide network of ATMs. A cardholder who goes off to college in another town or who frequently vacations in Florida might well move their account to a...

Pulse Processing Proves Its Worth.
September 29, 2005... In 2002, a disastrous flood in Houston left the Houston-based Pulse EFT network powerless and without communications to switch ATM transactions for its thousands of financial institution members. Pulse at the time was unable to switch...

Gasper, Morphis In Deal.
September 29, 2005... In a new agreement, Gasper, a division of Dayton, Ohio-based ATM manufacturer NCR Corp., will offer it's financial institution clients ATM management software from Morphis Inc. A Dallas-based ATM-management software company, Morphis, provides...

Surcharges For Foreign Visitors.
September 29, 2005... Beginning Jan.1, independent ATM owners in California will be allowed to charge foreign users a fee for transactions at their machines. Gov. Arnold Schwarzenegger last week signed a bill allowing the practice. Visa International and MasterCard...