NORTH CANTON, Ohio - (04/21/05) -- ATM maker Diebold Inc. said firstquarter earnings slumped 9% to $26.7 million, or 37 cents a share,based on a restructuring charge of $7.3 million for the company'soperations in western Europe. Diebold said revenues rose 8% to$540.2 million for the first quarter, fueled by a 19% increase insecurity systems sales. The company reported strong demand for itsnew Opteva line of ATMs, with $109 million of orders for thequarter, an increase of 80% for the same period last year. But thecompany, plagued by controversy over its electronic votingmachines, reported a 60% decline in election systems revenues, to$5.9 million, from $14.9 million for the first quarter lastyear.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





