Frederick Lowe

Attendees of the ATM Industry Association show in Miami last week crowded around an ATM some believe could revitalize ISOs that sell ATMs and are suffering from shrinking margins and a lack of new ideas to generate revenue.

JPMorgan Chase & Co. expects to complete its rollout of intelligent-deposit automated teller machines this spring, according to Brad Nolan, the company's senior vice president of ATM and cash operations.

First Data Corp. signed a three-year contract with an Egyptian ministry to manage a prepaid benefits smart card. The program initially will target monthly grocery purchases for 4.5 million families but eventually will expand to support other government benefits.

Three county jails in Colorado and Utah have installed or are scheduled to install payment kiosks, eliminating the need for jail employees to handle inmates’ cash, according to agreements the jails signed with Continental Prison Systems Inc.

SunTrust Banks Inc., the nation's seventh-largest debit card issuer, announced today it will convert its debit card portfolio to MasterCard from Visa.

With sales of automated teller machines slow, some manufacturers are promoting outsourcing agreements to encourage small and midsize banks and credit unions to deploy advanced-function machines.

Green Dot Corp. has struck a deal with U.S. Bancorp's MoneyPass Network giving its prepaid cardholders free access to the nationwide network of automated teller machines.

Cardtronics Inc.'s return to profitability is making it harder for the automated teller machine operator to find a chief executive to its liking.

The German automated teller machine company Wincor Nixdorf AG is expanding its U.S. operations as it wins business from two rivals.

The increasing popularity of prepaid cards, and especially payroll and government benefits cards, is driving up transaction volume at two of the biggest surcharge-free automated teller machine networks.

Diebold Inc. is ramping up its marketing efforts in Turkey, where an upgrade cycle has made the country one of Europe's fastest-growing markets for new automated teller machine deployments.

NCR Corp. has received a major order from State Bank of India, which is significantly expanding its automated teller machine network.

Sparked by globalization and the worldwide recession, foreign banks are joining two of the nation's largest surcharge-free automated teller machine networks, Cardtronics Inc.'s Allpoint and U.S. Bancorp's MoneyPass.

The Pulse electronic funds transfer network's deal with Interac, Canada's lone debit network, is part of a global strategy to increase automated teller machine acceptance of the Diners Club card, Pulse's president David R. Schneider said.

Expanding on a bank-branding agreement, reducing vault cash expenses and moving more of its automated teller machines to in-house processing helped Cardtronics Inc. report its first profit Wednesday in several years.

Surprisingly strong demand from Asia, and especially China, helped Diebold offset weak sales of ATMs in the United States and Europe in the second quarter.

The debit card industry is experiencing two types of growth, one good, the other bad. More consumers are using debit cards to pay for purchases, but debit card fraud is rising, according to the Pulse EFT Association.

Rep. Carolyn Maloney, chair of the House Financial Institutions Subcommittee, reintroduced in February legislation concerning how banks should handle loans to customers who overdraw checking accounts with their debit cards.

When Link2Gov Corp., which processes Internal Revenue Service tax payments, included in its 2003 contract proposal a plan to allow consumers to pay their taxes using PIN-less debit, the IRS turned down the idea quicker than a questionable tax deduction.

Two credit-union service organizations have formed an alliance to provide outsourced management services for credit union-owned ATMs.