ATM & Debit News articles from September 2006

ATM & Debit News archives from September 2006

H&R Block Adds Prepaid Card.
September 14, 2006... Tax-preparation firm H&R Block Inc. has announced plans to launch in January its own bank-account program, free to H&R Block customers. Through the program, clients will be able to have tax refunds and tax-refund anticipation loan funds...

MasterCard To Release Rates.
September 14, 2006... MasterCard Worldwide says it will announce by Nov. 1 interchange rates applied to all U.S. merchants and next year will put a cap on interchange fees on fuel purchases. MasterCard historically has disclosed its interchange fees only to member...

Debit To Pass Credit Card Volume in 2006.
September 14, 2006... Debit card purchases this year will leave credit card transaction volume in the rearview mirror, according to the upcoming 2007 edition of the ATM&Debit News EFT Data Book. ADN projects that PIN-based and signature-based, or offline, debit...

Visa's Interlink Moves Past Star As Top Network.
September 14, 2006... It is perhaps a sign of the times. An EFT network that only switches PIN-based point-of-sale debit transactions is now the nation's largest network. And it achieves that status even after other networks include their in-network ATM...

Second Year Of Falling ATM Volume Suggests Fundamental Shift in Use.
September 14, 2006... As consumers are use debit cards more while shopping, ATM transactions continue to decline. And companies that own or manage ATMs have responded to the falling volume by deploying fewer machines. Those are some of the key findings in the...

Monthly Volume Per ATM.
September 14, 2006... Per ATM ATMs Transactions 2006 2,131 395,000 842.0* 2005 2,214 396,000 877.0* 2004 2,400 383,000 919.2* 2003 2,432 371,000 902.3* 2002 2,509 352,000 883.2*...

Annual PIN-Debit Volume.
September 14, 2006... Total ATM POS Year Volume Volume Volume 2006* 20,019 10,104 9,915 2005* 18,638 10,524 8,114 2004* 17,304 11,030 6,274 2003* 15,971 10,828 5,006 2002* 15,098 10,598 4,500 2001...

Total Network PIN Volume.
September 14, 2006... Total Network PIN Volume Network 2006 2005 Growth 1. Star 362.4 343.7 5.4% 2. Interlink 330.8 238.6 38.6% 3. Accel/Exchange 254.2 232.2 9.5% 4. Pulse 144.7 129.0* 12.2% 5. NYCE 118.1* 115.7 2.1%...

In-Network POS Volume.
September 14, 2006... In-Network POS Volume Terminals Network 2006 2005 Growth Online 1. Interlink 330,833 238,620 38.6% 4,598,870 2. Star 244,014 224,982 8.5% 5,100,000 3. Pulse 95,900* 85,583* 12.1% 3,400,000 ...

Debit Versus Credit.
September 14, 2006... Annual Purchase Volume Cards Year Credit Online Offline Credit Online Offline 2006* 24,205 10,411 16,170 687.1 88.6 282.8 2005 23,500 8,520 13,436 654.4 91.6 237.5 2004 22,155...

Morgan Beaumont Ousts CEO.
September 14, 2006... Stored-value firm Morgan Beaumont has replaced its CEO and acknowledged in a regulatory filing it could run out of money within a year. The Bradenton, Fla.-based firm reported in a filing with the U.S. Securities and Exchange Commission that...

First Data Taps Strubbe.
September 14, 2006... First Data Corp. has named Todd Strubbe president of First Data Debit Services, replacing Debra Janssen, who left the company in June. Strubbe will oversee First Data's debit processing business, which includes the Star Network. Strubbe most...

News Briefs.
September 28, 2006... FIRST DATA'S NEWEST TERMINAL First Data Corp. this week announced the rollout of the FD-100 countertop payment terminal for small- and medium-sized merchants. The FD-100, which weighs less than two pounds, is targeted to merchants with...

ATM Companies PIN Hopes On New Strategies.
September 28, 2006... A flat U.S. ATM market is prompting companies to find new ways to grow and restore profitability. The Star electronic funds transfer network, for example, a leading U.S. ATM driver, plans to deploy machines and leverage its technology...

Pay At The Table May Expand Payments' Menu.
September 28, 2006... For years, wireless terminals have been touted as a means to extend the reach of electronic payments to taxis, at-home service providers and other merchants that traditionally have not accepted payment cards. Now several payment-terminal makers...

ATM&Debit News Names New Editor.
September 28, 2006... Dear Readers, This week's issue represents the launch of another era for ATM&Debit News, with Frederick Lowe becoming editor. Former Editor David Gosnell has left SourceMedia to pursue other opportunities. Having joined SourceMedia in...

PIN-Debit Option 'Deal Breaker' For One Restaurant.
September 28, 2006... In the six months since the Fatz Cafe in Winder, Ga., began testing VeriFone's TablePay wireless-terminal service that enables diners to pay at the table, executives at the restaurant chain say they have seen tables turn faster and servers...

NYCE, Digital Insight Partner To Back Account-To-Account Funds Transfers.
September 28, 2006... Metavante Corp. and Digital Insight Corp. have partnered to support same-day account-to-account funds transfers for financial institutions using Metavante's NYCE electronic funds transfer network. The service, scheduled for launch in the second...

Ingenico Posts Rise In Sales.
September 28, 2006... Ingenico Group is reporting a 23% increase in sales for the first half of 2006, to $324.8 million from $263.9 million last year. For the first half of 2006, Ingenico recorded a profit before income tax of $12.9 million, down from $30.4 million...

Corrections.(Correction notice)
September 28, 2006... The total in-network PIN-based point-of-sale debit volume among all U.S. electronic funds transfer networks in March was 840.2 million transactions, up 22.8% from 684.2 million in March 2005. The data were incorrectly reported in the Sept. 14...