ATM & Debit News articles from September 2007

ATM & Debit News archives from September 2007

TRM Has Negative Cash Flow.
September 13, 2007... TRM Corp., the Portland, Ore.-based ATM independent sales organization, earnings before interest taxes and depreciation (EBITA) for the 12 months ended June 30 was a negative $96.9 million, compared with a positive $9.9 million a year earlier,...

HSBC Issues Overdraft Notices.
September 13, 2007... UK-based HSBC says its ATMs will warn customers about to overdraft accounts when withdrawing cash. Such customers face overdraft fees, the bank says in a statement released Friday. The warnings will start Oct. 1 at the bank's 3,500 ATMs. ...

ATM Surcharge Fee Draws Fire.
September 13, 2007... A coalition of unions and consumer groups yesterday sent a letter to Bank of America Corp. to protest its decision to raise its ATM surcharge fees for nonbank customers. Coalition members charged that BofA, because of its size, is influencing...

New Group To Set PCI Security Rules For Card Terminals.
September 13, 2007... The Payment Card Industry Security Standards Council announced Tuesday it has assumed responsibility for PIN Entry Device requirements, known as PED requirements, which previously were handled jointly by JCB Card Co. Inc., MasterCard Worldwide...

Cardtronics IPO To Raise $300M And Defray Debt.
September 13, 2007... Cardtronics Inc., the world's largest nonbank owner of ATMs, Monday announced it expects to raise $300 million through an initial public offering of common stock to cut its outstanding debt. Cardtronics, a privately held Houston-based...

More States Turn To Debit Cards For Payments And Other Subsidies.
September 13, 2007... North Carolina's Department of Health and Human Services has joined a growing ranks of states distributing debit cards, instead of mailing checks, to parents who receive monthly child support payments and other state subsidies. JPMorgan...

Off-Premise Scene In Lone Star State Beckons WaMu.
September 13, 2007... Washington Mutual Inc. has entered the Texas off-premise ATM market for the first time through a branding agreement with Cardtronics Inc., a Houston-based independent sales organization, both companies announced. WaMu and Cardtronics signed...

Bank Offers Free ATMs.
September 13, 2007... Paoli, Pa.-based Malvern Federal Savings Bank plans to reimburse customers for unlimited surcharge fees on ATM withdrawals from other banks. The move grants free access to 1.75 million ATMs worldwide for new and established Malvern customers...

With Routing Agreement, NYCE Geographic Base Expands Into The South.
September 13, 2007... NYCE Payments Network LLC has announced a nonexclusive routing agreement with Tupelo, Miss.-based Renasant Bank. The deal continues NYCE's strategy of expanding beyond its traditional geographic base. "Our legacy is in the Northeast, but...

American Airlines Pilots Card-Only Acceptance On Flights Departing S.F.
September 13, 2007... American Airlines, the world's largest airline in terms of passengers flown, has started a three-week test of cashless payments on flights departing from San Francisco. On the more than 700 scheduled flights affected by the test between Sept....

Vendor News.
September 13, 2007... Income Drops For VeriFone Payment terminal maker VeriFone Holdings Inc. reported fiscal third-quarter net income of $13.4 million, down 20% from $16.8 million for the same three-month period last year. The San Jose, Calif.-based company...

ATM&Debit News Has A New Look.
September 20, 2007... It's out with the old and in with the new. Today's issue of ATM&Debit News debuts the publication's new look, the first design change in seven years. This issue precedes the new look of ATM&Debit News 2008 EFT Data Book, which will be...

Ranks Of ATM Makers Shrink; More Could Fall From Price War.
September 20, 2007... Eight companies were making ATMs in the United States at the end of last year, down from nine a year before, and the number is expected to shrink even further because of the ongoing price war that is swinging like a guillotine over weaker...

Growth Of Prepaid Expected To Continue.
September 20, 2007... Recent growth in the prepaid card market is expected to continue as issuers and distributors delve into emerging markets, develop new products, and target unbanked and underbanked segments. With increased growth also will come more competition...

News Briefs.
September 20, 2007... NCR Announces Blackout Period Related To Teradata Spin-Off NCR Corp., the world's largest ATM manufacturer, based on the numbers of machinesshipped last year, in August set record and distribution dates, Sept. 14 and 30, respectively, for...

U.S. Saturated With ATMs, But Markets Are Ripe Abroad.
September 20, 2007... While the U.S. ATM market remains flat, possibilities for large-scale ATM expansion still beckon in many international markets, including Central and Eastern Europe where ATM installations have been growing each year. For the first time the...

Cardtronics Still Dominates ISO Market.
September 20, 2007... Cardtronics Inc. remains king of the ISOs-even bigger than last year-but its court has changed dramatically, with some stalwarts dropping out altogether or plunging several notches, according to the ATM &Debit News 2008 EFT Data Book. The EFT...

Greenlink Finds A Business Opportunity Upgrading ATMs To Triple DES Standard.
September 20, 2007... Greenlink Technologies Inc. is one of the nation's leading off-premise ATM manufacturers. The Euless, Texas-based company continues to make ATMs, but it also has focused its attention on making conversion kits for existing off-premise...

Vendor Briefs.
September 20, 2007... WRG Sells 10,000th Genesis ATM WRG Services Inc., a registered independent sales organization of Palm Desert National Bank, sold its 10,000th Genesis ATM, company officials said yesterday. WRG Services is based in Willoughby, Ohio. TRM...

Two ATM Manufacturers Sign Deals In China; Another Says Asia Is Key To Its Growth Strategy.
September 20, 2007... South Korean ATM manufacturer Nautilus Hyosung Inc. has signed a contract to supply 3,000 ATMs to China Postal Savings Bank, one of China's five-largest banks with 32,000 branches nationwide. China Postal awarded the contract to Nautilus...

Personnel Items.
September 20, 2007... Arnold Sneijers TSYS Europe appointed Arnold Sneijers its European sales director. Sneijers, a veteran of the European payments industry, will be based in Amersfoort, The Netherlands. He was director of commerce and business development at...

Survey Definitions.
September 27, 2007... Estimates: Based on a number of factors, not limited to industry analyst discussions, industry averages, expert opinions and company histories. Network Rankings: EFT networks are ranked based on total in-network PIN-based switch volume....

Monthly Pin-Based Transactions.
September 27, 2007... 2007 2006 Growth ATM 1,235.3 842.0 46.7% Point of Sale 943.9 840.2 12.3% Total EFT 2,179.2 1,668.3 30.6% Source: ATM&Debit News. March data, in millions. All figures eliminate duplication from gateway volume. ...

Monthly Transactions Per ATM.
September 27, 2007... Per ATM Terminals Transactions 2007 2,974 415,321 1,235.3* 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* 2001...

Off-Premise ATM Deployment.
September 27, 2007... Total Off-Premise % Year ATMs ATMs Off-Premise 2007 415,321 236,732 57.0% 2006 395,000 260,000 65.8% 2005 396,000 266,000 67.2% 2004 383,000 263,000 68.7% 2003 371,000 238,000 64.2% 2002...

Annual Pin-Based Volume In The U.S.
September 27, 2007... Total ATM POS Year Volume Volume Volume 2007* 26,151 14,824 11,327 2006* 20,186 10,104 10,082 2005* 18,734 10,524 8,210 2004* 17,304 11,030 6,274 2003* 15,971 10,828 5,006 2002* 15,098...

Comparing Debit With Credit.
September 27, 2007... Annual Transactions Cards Year Credit Online Offline Credit Online Offline 2007* 25,415 11,667 16,980 678.1 85.5 312.2 2006 24,205 10,411 16,170 667.0 88.6 282.8 2005 23,500 8,520 13,436 671.7 91.6...

EFT Networks: Switch Volume In The Top EFT Networks.
September 27, 2007... In-Network Switch Volume Network March 2007 March 2006 Growth 1. Interlink 389,959,156 330,833,280 17.9% 2. Star 345,478,900 310,240,900 11.4% 3. Interac 298,038,311 298,750,000 0.2% 4. Pulse 139,750,000*...

EFT Networks: How EFT Networks Compare In ATM And POS Terminals.
September 27, 2007... ATMs Online POS Network 2007 2006 Growth Devices 1. Interlink 399,500 394,500 1.3% 4,986,247 2. Star 306,000 291,000 5.2% 5,100,000* 3. NYCE 280,000 275,000 1.8% 1,200,000* 4. Pulse 260,000...

Top 10 ATM ISOS.
September 27, 2007... ATM Contracts Company 2007 2006 1. Cardtronics 30,984* 25,100 2. Innovus 21,555 18,716 3. ATM Express 16,689 14,335 4. TRM 10,473 17,200 5. Payment Alliance 8,700 300 6. International Merchant...

Top 10 U.S. Bank Owners Of ATMS.
September 27, 2007... ATMs ATMs ATM Owner Q2 2007 Q1 2007 1. Bank of America 17,183* 17,117 2. JPMorgan Chase & Co. 8,649 8,560 3. Wells Fargo Bank 6,841 6,800 4. Wachovia Bank 5,146 5,146 5. U.S. Bancorp 4,867 4,837 ...

Top 10 EFT Networks By Total Volume.
September 27, 2007... Network Total PIN Volume 2007 2006 Growth 1. Interlink 389.9 330.8 17.8% 2. Star 345.5 362.4 -4.9% 3. Accel/Exchange 239.7 254.2 -6.0% 4. Interac 298.0 298.8 -0.2% 5. Pulse 139.8* 144.7* -3.5%...

Top 10 Networks In Member Cards.
September 27, 2007... Network Total Cards 2007 2006 Growth 1. Star 158,000,000 141,000,000 12.1% 2. Interlink 123,100,000 123,100,100 0.0% 3. AFFN 96,000,000 92,000,000 4.3% 4. Pulse 90,000,000* 90,000,000*...

Top 10 Pin-Based POS Debit Networks.
September 27, 2007... In-Network POS Volume Terminals Network 2007 2006 Growth Online 1. Interlink 389,959 330,833 17.9% 4,598,870 2. Star 275,999 244,014 13.1% 5,100,000 3. Pulse 111,800* 95,900* 16.6% 3,400,000 ...

Top 10 ATM Networks.
September 27, 2007... In-Network ATM Volume March March Network 2007 2006 Growth ATMs 1. Star 69.4 66.2 4.8% 306,000 2. NYCE 44.3* 38.9* 13.9% 280,000 3. Co-op 37.8 33.9 11.5% 25,000 4. Pulse...

How National Networks Compare.
September 27, 2007... ATM Networks U.S. ATMs Cards Monthly U.S. Volume Foreign Network Dec. 2006 (in millions) Dec. 2006 Dec. 2005 ATMs Armed Forces Financial Network 220,000 96 7,755 16,000 NA MasterCard/Cirrus...

Online Debit Terminals In The U.S.
September 27, 2007... March March 2007 2006 Growth ATMs 415,321 395,000 5.1% POS 5,146,546 5,183,200 -0.7% Total 5,561,867 5,578,200 -2.9% Source: ATM&Debit News. Based on revised data. (c) 2007 ATM&Debit News and...

ACH Transaction Growth.
September 27, 2007... Private Private Interbank On-Us Government Total 2006 11,320 3,661 1,004 15,985 2005 9,719 3,262 976 13,957 2004 8,174 2,884 951 12,009 Source: NACHA. Transactions are in millions per year. Totals may...

Contactless Debit Cards.
September 27, 2007... Percent of Issuer Cards Brand Market 1. JPMorgan Chase 8,742,000 Visa 47% 2. Citibank 2,232,000 MasterCard 12% 3. KeyBank 2,232,000 MasterCard 12% 4. American Express 1,674,000 American Express 9% 5. HSBC...

ATM Shipments By Manufacturers Based On Machines Sold In U.S.
September 27, 2007... Company 2006 2005 Change 1. NCR 18,995* 15,860* 19.8% 2. Diebold 17,352* 17,180* 1.0% 3. Tranax 14,550 13,500 7.8% 4. Triton 12,300 14,782 -16.4% 5. Wincor 3,770* 3,427 10.0% 6. NexTran 300 3,270...

Mastercard And Visa Offline Debit Card Comparisons.
September 27, 2007... Debit MasterCard Year Cards Transactions Value Issuers 2007* 104.0 1,938.0** $84,018** NA 2006 102.0 3,149.4** $133,153** NA 2005 74.5 2,762.6 $116,800 NA 2004 66.3 2,200.0 $92,800 NA 2003 53.4...

The Top 10 Offline Debit Card Issuers.
September 27, 2007... Cards Issuer 2007 2006 Change 1. Bank of America 14,820,000* 13,320,000* 11.3% 2. Wells Fargo 14,736,600* 13,918,000* 5.8% 3. Washington Mutual 12,096,007 9,701,664 24.6% 4. JPMorgan Chase 10,313,286...

The Top 5 Global POS Terminal Vendors.
September 27, 2007... Shipments Company 2006 2005 Change 1. VeriFone** 2,500,000* 1,800,000* 38.8% 2. Ingenico 2,200,000 1,900,000* 15.8% 3. Hypercom 800,000* 800,000* 0.0% 4. Sagem Monetel 580,000 479,000 21.1% ...

European Off-Premise ATM Installations.
September 27, 2007... Off-Premise Percent Of ATMs Market 2006 148,175 34.8% 2005 133,059 33.8% 2004 119,916 32.6% 2003 98,741 29.1% 2002 83,375 26.4% 2001 64,915 22.4% Source: Retail Banking Research, Ltd. ...

Central And Eastern Europe ATM Installed Base.
September 27, 2007... Percent ATMs Growth Growth 2006 89,695 17,646 24.5% 2005 72,049 15,237 26.8% 2004 56,812 12,496 28.2% 2003 44,316 10,500 31.1% 2002 33,816 7,473 28.4% Source: Retail Banking Research, Ltd. ...

Western Europe ATM Installed Base.
September 27, 2007... Percent ATMs Growth Growth 2006 342,495 14,295 4.4% 2005 328,200 12,621 4.0% 2004 315,579 16,601 5.6% 2003 298,978 13,461 4.7% 2002 285,517 16,370 6.1% Source: Retail Banking Research, Ltd. ...

Top 5 European ATM Markets By Off-Premise Installations.
September 27, 2007... 2006 Number Off-Premise Country ATMs UK 41,540 Russia 23,782 Germany 11,406 Ukraine 8,750 Spain 7,951 Source: Retail Banking Research, Ltd. (c) 2007 ATM&Debit News...

Top 5 European ATM Markets By Off-Site Domestic Share.
September 27, 2007... 2006 Percent Off-Premise Country ATMs Ireland 73.0% UK 68.5% Russia 65.0% Slovenia 64.7% Croatia 63.8% Source: Retail Banking Research, Ltd. (c) 2007 ATM&Debit...

Branded And Private-Label Prepaid Card Transactions.
September 27, 2007... Number Of Value Of Transactions Transactions 2007 4.3 $113 2006 3.6 $95 2005 3.0 $78 2004 2.4 $64 Source: Aite Group, LLC. Transactions and values in billions. (c) 2007 ATM&Debit News and...

Top Prepaid Industry Players.
September 27, 2007... Branded Prepaid Private Label Card Issuing US Bank, BankFirst, Wal-Mart, Target, Metabank* Home Depot* Card Processing EFD, Metavante, Comdata, First Data, ...

Branded And Private-Label Share Of Transaction Value.
September 27, 2007... Private Label Branded 2007 72% 28% 2006 76% 24% 2005 79% 21% 2004 80% 20% Source: Aite Group, LLC. (c) 2007 ATM&Debit News and SourceMedia, Inc. All Rights...

How Regional Shared Network Interchange Compares.
September 27, 2007... Network Withdrawal Inquiry Deposit Transfer 2007 POS Fee 2006 POS Fee Star 46cents-54cents 20cents-25cents $2-$2.25 20cents-25cents 65cents(a) 60cents (a)Quick-service restaurants pay 1.25% of the sale plus 3cents, capped...

How Regional Shared Network Pricing Varies.
September 27, 2007... 2007 ATM 2006 ATM 2007 POS 2006 POS Membership Monthly/Annual Network Switch Fee Switch Fee Switch Fee Switch Fee Fee Fee Star 3cents-8cents 3cents-8cents 3.25cents/2cents-3.25cents 3.25cents/2cents-3.25cents 0...