ATM & Debit News articles from September 2008

ATM & Debit News archives from September 2008

News Briefs.
September 4, 2008... TRITON REOPENS MISSISSIPPI FACILITIES AFTER HURRICANE GUSTAV EVACUATION Triton Systems of Delaware Inc., the Long Beach, Miss.-based ATM manufacturer, re-opened Wednesday following Hurricane Gustav. Harrison County, Miss., officials...

$747,740 Loaded On Chase Cards As Part Of Gun Buyback Program.
September 4, 2008... First there was guns for butter. Now there is guns for prepaid gift cards. Gun owners recently collected $747,740 from Chicago and Brooklyn, N.Y., law enforcement authorities without firing a shot. Chicago and Brooklyn, New York City's...

Nautilus Hyosung Says It Is Ready To Take On World's Three Largest ATM Manufacturers.
September 4, 2008... Nautilus Hyosung Inc.'s pending purchase of Triton Systems of Delaware Inc. will create a combined entity big enough to compete with the world's three largest ATM makers, a top executive of Nautilus Hyosung's parent company told Triton...

Diebold Signs Big ATM Deal In Brazil.
September 4, 2008... Banco do Brasil, Brazil's largest bank based on assets and customers, plans to purchase 5,400 ATMs and check dispensers from Diebold Inc., both companies announced last week. The Banco do Brasil agreement is the second-largest contract Diebold...

Nautilus Hyosung Says Tranax Owes It $3 Million.
September 4, 2008... ATM manufacturer Nautilus Hyosung Inc. split in January 2007 with Tranax Technologies Inc., the company's exclusive U.S. distributor, after Tranax failed to pay Nautilus Hyosung $3 million for ATMs and ATM parts, ATM&Debit News has learned. ...

Australia Launches Study Of ATM Industry.
September 4, 2008... Australia's ATM industry Aug. 26 launched the first major study of itself as it moves to a new cardholder payment model in 2009. Beginning in March, ATM networks will charge cardholders directly for ATM withdrawals as companies do in...

State Bank Of India To Outsource ATMs.
September 4, 2008... The State Bank of India plans to outsource deployment and management of some 500 ATMs, a spokesperson for the bank says. The spokesperson declines to provide more details, but the Economic Times newspaper in India reports the bank hopes to...

ATM Report: More Than 2.5 Million ATMs Expected Within Five Years.
September 4, 2008... The global ATM market will pass 2.5 million machines in five years, Retail Banking Research, the London-based strategic research and consulting firm said Tuesday. The firm's biennial global survey, "Global ATM Market Forecasts to 2013,"...

Correction.(Correction notice)
September 4, 2008... The Nebraska Independent Community Bankers Association endorsed Shazam, the Johnston, Iowa,-based EFT network. (c) 2008 ATM&Debit News and SourceMedia, Inc. All Rights Reserved. http://www.cardforum.com/ http://www.sourcemedia.com/

Personnel.
September 4, 2008... WINCOR NIXDORF USA Austin, Texas-based Wincor Nixdorf USA Tuesday named Patrick Wright CEO, replacing Brad Waugh, who announced he was leaving the company in May (ADN, 5/28). Wright joined Wincor Nixdorf USA from JPMorgan Chase&Co., where...

Coming Events.(Conference news)(Calendar)
September 4, 2008... CARDS INTERNATIONAL Cards International has scheduled its Prepaid Cards Summit 2008 Conference & Expo for Oct. 22-23 in London. INTERNATIONAL CARD MANUFACTURERS ASSOCIATION The International Card Manufacturers Association plans to...

News Briefs.
September 11, 2008... Allpoint Grows To 35,000 ATMs By Adding 7-Eleven ATMs, Vcoms Allpoint, the nation's largest surcharge-free ATM network, recently added and subtracted some machines but wound up with a net gain in hardware. The Bethesda, Md.-based company...

Wincor Nixdorf Sets 10-Year Goal Of 20% Share Of U.S. ATM Market.(ATM News)(Company overview)
September 11, 2008... Byline: Frederick H. Lowe New York-ATM manufacturer Wincor Nixdorf AG, which controls only a small percentage of the ATMs sold to U.S. banks, has set a goal of capturing 20% of the U.S. market in 10 years, says Eckard Heidloff, the...

Decoupled Debit Stirring Interest Abroad, But Vendor Keeps Focus On U.S. For Now.(Debit News)
September 11, 2008... Banks in Europe, Asia and Canada are seeking to learn more about decoupled debit, says Mike Grossman, CEO of San Mateo, Calif.-based Tempo Payments Inc. Decoupled debit cards can deduct funds from a checking account at an institution other...

Private Korean Company Buys Tranax Technologies Shake-up Among Off-Premise ATM Manufacturers Continues.(ATM News)
September 11, 2008... Eltna Corp., the original equipment manufacturer for Tranax Technologies Inc., one of the nation's largest off-premise ATM deployers, on Monday purchased Tranax for an undisclosed price. The deal continues a shake-up among manufacturers of...

Diebold To Install Security System For U.S. Postal Service.
September 11, 2008... The U. S. Postal Service Wednesday awarded ATM manufacturer Diebold Inc. a contract to upgrade security at hundreds of U.S. Postal Service sites nationwide. The agreement, which could extend 12 years, bolsters North Canton, Ohio-based...

Wincor Nixdorf Hires CEO Of U.S. Division.
September 11, 2008... Byline: Frederick H. Lowe New York-When Wincor Nixdorf AG announced last week it had hired Patrick Wright as president and CEO of the company's Austin, Texas-based U.S. division, the 41-year-old Wright already had distinguished himself...

Personnel.
September 11, 2008... Plastic Jungle Inc. Fresno, Calif.-based Plastic Jungle, a Web site that enables consumers to buy, sell and exchange gift cards, announced its founding board of directors. The directors include Gary Briggs, former chief marketing officer...

Coming Events.(Conference news)(Calendar)
September 11, 2008... Cards International Cards International has scheduled its Prepaid Cards Summit 2008 Conference & Expo for Oct. 22-23 in London. International Card Manufacturers Association The International Card Manufacturers Association plans to...

NEWS BRIEFS.
September 18, 2008... Allpoint Surcharge-Free Network Signs Up Gorham Savings Bank Gorham, Maine-based Gorham Savings Bank has joined Allpoint Network, the nation's largest surcharge-free ATM network, both companies announced Thursday. Allpoint, which is...

Personnel.
September 18, 2008... Inside Contactless Aix-En-Provence, France-based Inside Contactless Monday named Richard Vacher Detourniere chief financial officer. Inside Contactless is a leader in advanced contactless microprocessor platforms. Network Branded...

Coming Events.(Conference news)(Calendar)
September 18, 2008... Cards & Payments Latin America Cards&Payments Latin America has scheduled its conference for Sept. 22-24 at the InterContinental Hotel in Miami. Attendees are expected to discuss mobile payments, smart cards and data theft. ...

BofA Widens Debit Card Lead With Purchase Of Merrill Lynch.(Debit News)
September 18, 2008... Byline: Frederick H. Lowe Bank of America Corp. has widened its already big lead as the nation's largest debit card processor by purchasing Merrill Lynch & Co. Inc., Brian Riley, research director in TowerGroup Inc.'s Bank Cards practice,...

Cardtronics, Pulse Handle Hurricane Ike By Falling Back On Business-Continuity Plans.(Debit News)
September 18, 2008... Pulse, the EFT Network, and Cardtronics Inc., the world's largest ATM ISO, experienced little disruption to business operations from Hurricane Ike, a Category 2 storm that wrought destruction in parts of Texas over the weekend. Both...

United Technologies Shows Even Less Interest In Diebold.(ATM News)
September 18, 2008... United Technologies Corp., which has an unsolicited offer on the table for Diebold Inc., feels ambivalent about buying the ATM manufacturer, George David, United Technologies chairman, told analysts last Thursday. He characterized United...

Cardtronics Deploying ATMs In 7-Eleven Stores In Mexico.(ATM News)
September 18, 2008... Cardtronics Inc., which purchased 7-Eleven Inc.'s ATM network last year for $135 million, is deploying ATMs in 7-Eleven stores throughout Mexico, Jack Antonini, Cardtronics CEO, told analysts Thursday. Cardtronics, the world's largest ATM...

CVS/Pharmacy Studies Cashback At The Point Of Sale.(ATM News)
September 18, 2008... CVS/Pharmacy, the nation's second-largest drugstore chain, has asked its card processor to analyze the impact of increasing or decreasing cashback at the point of sale, a CVS spokesperson tells ATM&Debit News. "We're not going to get into...

National City Moves Debit And ATM Processing To Visa.(Debit News)
September 18, 2008... Byline: Will Hernandez National City Corp. has agreed to move most of its debit transactions and some of its processing work to Visa Inc., which has been trying to expand its debit relationships with banks. The agreement, announced...

Euronet Bulgaria Buys Diebold ATMs For Its Network.(ATM News)
September 18, 2008... Mellon Bulgaria EAD, a distributor of Diebold Inc. Opteva ATMs in Bulgaria, sold 100 Opteva ATMs to Euronet Bulgaria, both companies announced Monday. Sofia, Bulgaria-based Euronet Bulgaria, a subsidiary of Leawood, Kan.-based Euronet Worldwide...

Starsf Members To Receive Free Access To 7-Eleven ATMs.
September 18, 2008... Members of First Data Corp.'s Starsf surcharge-free ATM network now have surcharge-free access to 7-Eleven Inc.'s ATMs. The Dallas-based convenience-store chain houses 5,600 ATMs and Vcoms, or multifunctional ATMs, in its stores nationwide....

News Briefs.
September 25, 2008... NYSE Gives Diebold An Extension The New York Stock Exchange, where Diebold Inc.'s stock is traded, announced this week it has granted the manufacturer an additional period for continued listing and trading on the exchange. The exchange...

Debit Is Helping To Drive Transactions At The Nevada Department Of Motor Vehicles.(Debit News)
September 25, 2008... Nevada motorists can use pinless debit to renew their driver's licenses at kiosks First Data Corp.'s Star Network deployed this summer throughout the state. Star introduced PINless online debit payment for the Nevada Department of Motor...

Visa Strengthens Debit Card Portfolio With Two Exclusive New Bank Deals.(Debit News)
September 25, 2008... Byline: Will Hernandez Visa Inc. made two deals last week that bolster an already lucrative debit card portfolio. The deals came just days after Byron Pollitt, Visa chief financial officer, told investors Visa's debit card portfolio is...

Triton Will Expand Operations With R&D Facility And Training.(Triton Expands; Tranax Contracts)
September 25, 2008... Byline: Frederick H. Lowe Nautilus Hyosung, which is scheduled to complete its purchase later this month of Triton Systems of Delaware Inc., announced Friday it is expanding Triton's Long Beach, Miss., operations and Memphis, Tenn.,...

Tranax Moves Into Smaller Offices After Losing More Production.(Triton Expands; Tranax Contracts)
September 25, 2008... Off-premise ATM manufacturer Tranax Technologies Inc. Friday moved into smaller offices, reflecting a shift in more key operations to its new South Korean owner, Jeffrey Lee, Tranax director of product management, tells ATM&Debit News. ...

Vendor Briefs.
September 25, 2008... NCR Offers SelfServ ATMs In Cambodia, A Developing Market NCR Corp., the world's largest ATM manufacturer, has launched its SelfServ line of the ATMs in Cambodia, company officials said last week. Dayton, Ohio-based NCR introduced its...

Personnel.
September 25, 2008... Visa Inc. Visa Inc. Monday named Marc Luet president of its Central Europe, Middle East and Africa region. Luet replaces Anne Cobb, who is retiring after 16 years with the organization. Smart Card Alliance The Princeton Junction,...

Coming Events.(Conference news)(Calendar)
September 25, 2008... International Card Manufacturers Association The International Card Manufacturers Association plans to hold its annual workshop in Stuttgart, Germany, Oct.1-2. Financial Services Marketing Symposium The Financial Services Marketing...