Why? Well, some call it the “curse of the POS terminal,” where nearly two years after the 2015 POS liability shift, fewer than 50% of merchants have upgraded their POS terminals to EMV. For a number of reasons, many of these procrastinators have yet to be burned by chargebacks.
ATM Machine Cardtronics The ATM operator surged ahead in Q2 with lots of good news about earnings — and one piece of really bad news from 7-Eleven. Source: www.atmmarketplace.com After several years of uncertainty, Cardtronics got the news in early July that many industry-watchers expected: 7-Eleven will not to renew the U.S. contract with its long-time ATM operator… Read More »
October 13, 2015 ATM Kiosk embedded NFC device enables customers to conduct transactions using leading mobile wallet providers like Apple Pay CHARLOTTE, N.C. & LAS VEGAS – Oct. 13, 2015 – Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced at the 2015 BAI Retail Delivery Conference enhancements to… Read More »
NORTH CANTON, Ohio, Dec. 18, 2015 /PRNewswire/ — Diebold, Incorporated (NYSE: DBD) today announced it is forming a new joint venture with a subsidiary of the Inspur Group, a Chinese cloud computing and data center company, to develop, manufacture and distribute financial self-service solutions in China. Inspur will hold a majority stake of 51 percent in the new joint venture, which will be named Inspur Financial Information Systems, Ltd. The joint venture will offer a complete range of self-service terminals within the Chinese market, including automated teller machines (ATMs). Also, Diebold will serve as the exclusive distributor outside of China for all products developed by the new joint venture, which will be sold under the Diebold brand.
In addition, to support Diebold’s services-led approach to the market, Inspur will acquire a minority share of Diebold’s current China joint venture. Moving forward, this business will be focused on providing a whole suite of services including installation, maintenance, professional and managed services related to ATMs and other automated transaction solutions.
Inspur Group is an $8 billion Chinese multinational information technology provider headquartered in Jinan, Shandong,China, with more than 70 years in business. The company specializes in IT hardware and software, and is a leading self-service kiosk manufacturer for major financial institutions in China. Inspur’s clients and business partners also include LG, IBM, Cisco, Microsoft, VMware and Micron.
“Partnering with Inspur enhances our competitive position and deepens the relationship with our customers in China,” saidAndy W. Mattes, Diebold president and chief executive officer. “Inspur’s strong reputation as a leading China IT company with a global footprint allows our new joint venture to bring more innovative solutions to China’s financial institutions and strengthens Diebold’s go-to-market strategy in this important market. We look forward to re-igniting growth in China and are excited to work with Inspur to sell a complete suite of self-service products and related services.”
“We are very happy to enter into this venture with Diebold, a well-respected global leader in financial self-service solutions, to continue growing our own presence in this market in China,” said SUN Pishu, president and CEO of Inspur Group. “Inspur is one of the fastest-growing self-service technology providers in China. Combining both company’s technology, sales expertise and existing presence in China will be of great value, both to our clients and our respective businesses.”
Upon closing the agreement, Diebold will appoint a chairman of the new joint venture, while Inspur will appoint a chief executive officer for the business to lead day-to-day operations. The agreement is anticipated to be finalized in mid-2016, pending regulatory and other approvals, with plans to begin manufacturing and distribution activity immediately after regulatory approvals.
The ATM business has two distinct segments said Nancy Daniels, company executive vice president and chief operating officer. There are the ATMs used in banks and the machines used in convenience stores, hotels and elsewhere.
There are far more of the latter machines used in places outside banks, she said. And even in an era of debit cards, the amount of cash in circulation keeps growing, she said.
“We have about 70 percent of that market,” said Daniels, an NCR veteran now working at Nautilus Hyosung’s Irving, Texas headquarters.
With the recent news of the Walmart Innovation Lab 415-C soliciting new tech ideas, I thought it would be useful to look back at one of the original Star Labs. From March 22, 2002 Technology Spotlight — NCR Room 504 In these days of busted budgets and deferred deployments, it was a real treat while at the ATMIA… Read More »
MEBANE, N.C., Jan. 12, 2016 /PRNewswire-iReach/ — ARCA, a global leader in the development of cash automation technology for banks, retail locations and self-service kiosks, today announced that it will demonstrate a three-level cash management approach at the NRF’s Annual Convention & EXPO, the United State’s premiere event for retail innovation, to be held January 17 – 20, in New York City.
NRF’s Big Show 2016 focuses on the latest retail technology and trends. Cash handling has been identified as one of the major problems for retailers all around the world. ARCA’s retail product range features a wide selection of hardware and software that adapts to various store formats and different retail needs.
A till-side cash deposit system is available for immediately securing high-value notes at checkout.
Mid-size smart safes allow retailers already benefiting from CIT pickups to obtain cash automation efficiency without changing their whole process.
Combined cash deposit/recycling solutions are convenient for operational cost reductions and cash management efficiency with an integrated cash recycling function that improves till float efficiency.
Parabit has received commitments from 7 of the top 20 Commercial US Banks for 10,000 plus units over the next two to three years. Over the last 4 weeks 3 US Commercial Banks have upgraded their ACS-1E systems with MMR’s or installed MMR’s with our ACS-1E ATM Lobby Access Control System at over 400 ATM Lobby locations.
Statement by Mike Lee, CEO of ATMIA, issues statement regarding ATMs and recent coronavirus. Marc 13, 2020 New Coronavirus Health Crisis – Separating Fact from Fiction A Statement by the ATM Industry Association for Immediate Global Release Panic reactions are happening across the world as the new corona virus, for which there isn’t yet human immunity, spreads. We… Read More »