Cardtronics Inc., which operates the largest network of ATMs in the U.S., reported a net loss of $900,000 for the fourth quarter of 2005 along with a full-year drop in net of $3.7 million, to $900,000. The results came on increases of 12.6% and 39.5% in revenue, respectively, for the …
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Report: Transaction Kiosks Will More Than Double by 2009
The installed base of ATM-like machines that allow consumers to pay bills, cash checks, top up prepaid wireless cards, and perform other financial transactions is set to explode as retailers and banks seek ways to serve the population of unbanked and underbanked customers, a new research report says. Indeed, the …
Read More »Motorola Looks to Start Commercial M-Wallet Service by Summer
Motorola Inc.'s new payment software for mobile phones, called M-Wallet, will begin commercial rollout within three to six months with wireless carriers, the Schaumburg, Ill.-based technology company tells Digital Transactions News. A test of M-Wallet is already in progress, officials say, though they can't give details. The company is in …
Read More »SVPCO: Costly IRDs Are Now Just 20% of Image-Exchange Volume
When the Check Clearing Act for the 21st Century (Check 21) went into effect in October 2004, experts predicted it would be years before banks weaned themselves from the so-called image-replacement documents provided for in the law. These IRDs are paper printouts of check images that travel the last mile …
Read More »SVPCO Reports Another Month of Steady Build in Image Volume
The promise of Check 21 may be unfolding more slowly than enthusiasts would like, but the country's largest image-exchange network recorded another gain in volume in January. New York-based SVPCO, part of the The Clearing House Payments Co., which is owned by many of the nation's largest banks, handled 13.9 …
Read More »Seeking More Issuers, Debitman Finds Two Among the Supermarkets
Debitman Card Inc., which has been seeking issuers for its PIN debit processing network, announced two this week. Binghamton Giant Markets Inc. and HAC Inc., both regional supermarket chains, have agreed to issue cards on Debitman's network. HAC, which runs 67 stores in Oklahoma and Kansas, has begun issuing Debitman …
Read More »Citi Will Issue Contactless Tokens for N.Y. Mass Transit Test This Spring
Citigroup Inc.'s Citibank, which last year announced it would issue contactless tokens linked to customers' credit and debit card accounts in the New York metropolitan area, is now allowing those devices to be used in a test of radio-frequency-based electronic fare payments by the Metropolitan Transit Authority's MTA New York …
Read More »SECURE-eBill Starts to See U.S. Merchant and Consumer Adoption
Eight months after rolling out its Internet payment service in the U.S., Ottawa-based MODASolutions says it is seeing results, both in merchant recruitment and in consumer adoption. The company, whose SECURE-eBill product allows consumers to pay e-commerce merchants in the same way they make electronic bill payments, won't disclose transaction …
Read More »Phishing Trends Take an Ominous Turn As Malware Incidents Rise
Afer a let-up last summer, the phishing scourge appears to be getting worse. The Anti-Phishing Working Group reports the number of unique phishing attacks grew 6.7% in November over the count in October, to 16,882. This represents a new record high for the online fraud, in which criminals use bogus …
Read More »ATM King Cardtronics Sees Further Expansion Via Bank Deals in ’06
After rapid growth that has propelled it to the top of the ranking of U.S. ATM owners, Houston-based Cardtronics Inc. looks toward another year of major expansion in 2006, company officials tell Digital Transactions. In a story appearing in the January-February 2006 issue of the magazine, the company says it …
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