Second quarter earnings for two major ATM-makers fizzled like damp fireworks, but a feature recapping 50 years of ATM progress reminded us that there's still plenty to celebrate about a half-century-old machine that continues to revolutionize retail banking.
August 3, 2017 by Suzanne Cluckey — Owner, Suzanne Cluckey Communications
Second quarter earnings for two major ATM-makers fizzled like damp fireworks, but a feature recapping 50 years of ATM progress reminded us that there's still plenty to celebrate about a half-century-old machine that continues to revolutionize retail banking.
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The bell has rung on the latest round in the Diebold-Hyosung patent matchup. Both contenders have retreated to their corners claiming victory, but the punch stats are pretty close to 50-50.
ATM sales slumped more than 20 percent in Q2, leaving NCR Corp. with a lot of ground to make up in the second half of 2017 in order to make good on full-year earnings expectations.
It seems that only serious chargeback pain or terminal shutoff will prompt many U.S. merchants to migrate their ATMs to EMV. Even then, we could see merchant terminal numbers fall as much as 25 percent.
In a Q2 earnings call, Diebold Nixdorf executives spent an hour enumerating the obstacles and events that led to a July 5 announcement of a downward revision to earnings expectations for the full year.
In a salute to the ATM's 50th anniversary, here's an assortment of little-known (or at least, lesser-known) facts about the decades of development and current-day status of the humble, but mighty, ATM.
Suzanne’s editorial career has spanned three decades and encompassed all B2B and B2C communications formats. Her award-winning work has appeared in trade and consumer media in the United States and internationally.