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A marriage made in heaven?
January 4, 2006 - Tracy Kitten
1977: Tidel Systems, now Tidel Engineering, develops the Timed Access Cash Controller. (Today, TACC remains the centerpiece of Tidel Engineering's manufacturing operation. More than 150,000 TACCs are currently in the market.)
1992: Tidel Engineering introduces the first dial-up ATM, the AnyCard.
1995: Tidel Engineering is mentioned in Forbes Magazine as one of the nation's fastest growing companies.
1998: Tidel Engineering introduces the Chameleon ATM, which is recognized for its advanced functionality. NCR and TBS First sign a deal to begin manufacturing The Cash, a dial-up cash dispenser.
1997-1998: Tidel Engineering seals a supply deal with ISO giant Credit Card Center.
1998: NCR introduces The Cash, a Verifone-based unit developed with TBS First. (The Cash will later become the NCR 5301 – a now discontinued ATM that is supported by Western Reserve Group Inc.)
1999: NCR introduces the NCR 8000, an enhanced version of The Cash, with TBS First. NCR and TBS First part ways later in the year.
2000: Tidel Engineering recognized by Houston Business Report for sales growth, earnings growth and return on capital investments from 1997 to 2000.
2000-2001: 70 percent of Tidel Engineering's ATM sales are to CCC.
2001: CCC declares bankruptcy. Tidel Engineering incurs $25 million in debt; NCR incurs $43 million. NCR pays Tidel Engineering $1.1 million to buy back nearly 2,000 of its ATMs, after CCC never paid NCR for the machines.
2002: NCR introduces its EasyPoint brand, an ATM line designed for lower transaction volume and marketed to the retail segment.
2005: NCR and Tidel Engineering announce NCR's expected acquisition of Tidel Engineering.
2006: NCR finalizes its acquisition of Tidel Engineering and names the subsidiary NCR EasyPoint LLC.
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