Bank technology

In Brief: U.S. CEO Named at Wincor Nixdorf

Published September 19, 2006, 1:00 a.m. EDT

|

Updated September 18, 2006, 4:47 p.m. EDT

1 Min Read

Wincor Nixdorf International GmbH of Paderborn, Germany, announced Monday that it has named Brad Waugh its chief executive for the United States.

Processing Content

Mr. Waugh will oversee all U.S. sales and servicing operations for Wincor Nixdorf, which offers automated teller machines to banks and point of sale terminals to merchants, and provides maintenance services for both. The company said he will also be responsible for helping it expand in North America.

In July, Wincor Nixdorf's chief executive, Karl-Heinz Stiller, said he was eager to acquire U.S. ATM companies. According to ATM & Debit News' 2006 vendor survey, the company had about 3% market share in the United States in 2005.

Mr. Waugh was previously founder, president, and CEO of the customer relationship management consulting company Watch Hill Partners LLC.

For reprint and licensing requests for this article, click here.

Bank technology

MORE FROM AMERICAN BANKER

ILCs

FDIC clears way for Stellantis ILC charter

The Federal Deposit Insurance Corp. waived through the Jeep, Ram, Dodge and Chrysler manufacturer's application to conduct banking activities. While banks have opposed ILCs in the past, other charters pose more pressing competitive threats at the moment.

By Ebrima Santos Sanneh
Reporter

1m ago
Stablecoin

Scott denies vote on bank-favored fix on yield

Senate Banking Committee Chairman Tim Scott, R-S.C., flatly denied multiple pleas from Democrats to consider their amendment to a crypto market structure bill being marked up in the committee Thursday that would make banking industry-favored changes to the yield provision. The committee passed the measure in a 15-9 vote.

By Claire Williams
Reporter

54m ago
Goldman Sachs

What BBVA and Goldman Sachs get from their new bet on OpenAI

The two banks are among the large firms that are pouring $4 billion into DeployCo, a large-scale enterprise artificial intelligence venture born out of OpenAI's acquisition of AI consultant Tomoro. Payment technology experts say the deal gives the banks improved access to development expertise as new forms of AI penetrate all aspects of banking.

By John Adams
Executive Editor, Payments

1h ago
Housing

House drops institutional investor ban from housing bill

House lawmakers scrapped a ban on big-money investors from purchasing single-family homes, opting for a path that clears the bill's legislative hurdles.

By Kate Berry
Reporter

1h ago
FDIC

FDIC: Big depositors drove run risk in 2023

A report from the Federal Deposit Insurance Corp. found that business clients with large volumes of uninsured deposits fled Silicon Valley Bank, Signature Bank and First Republic at unprecedented speed, contributing to those banks' collapses.

By Ebrima Santos Sanneh
Reporter

4h ago
Artificial intelligence

Fiserv has co-created AI agents with six banks and OpenAI

First Interstate Bank and Boulder Dam Credit Union have begun piloting the new agents, which were built using AWS' Bedrock.

By Penny Crosman
Executive Editor, Technology at Arizent

8h ago

Load More