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News & Media

NYC credit union members take $15M in 9/11-related ATM fraud

August 5, 2002

NEW YORK -- Prosecutors are investigating up to 4,000 people who allegedly used ATMs to steal $15 million from a municipal employees' credit union in the…

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Concord authorizes stock repurchase

August 5, 2002

MEMPHIS, Tenn. -- After watching its stock price drop about 30 percent during the past week, the board of directors of Memphis-based Concord EFS on Aug. …

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Thai smart card plans advance

August 5, 2002

BANGKOK, Thailand -- The Thai Smart Card Co expects its "digital purse" system to be available for payments on up to 30 percent of goods and services within…

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Efmark beefs up Eastern presence with purchase of ATM America LLC

August 4, 2002

BALTIMORE -- Efmark Service Co. of Westmont, Ill., has purchased Timonium, Md.-based ATM America LLC, an ISO with some 1,200 ATMs under contract and branding…

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Who's who: Ernesto Unanue

August 4, 2002

Though the prospect of a university education is what first brought him to the United States and economic and political struggles in his native Argentina kept…

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Economic crisis in Uruguay causes rush on ATMs

August 1, 2002

MONTEVIDEO, Uruguay -- Uruguayans rushed to ATMs after the government on July 30 declared a bank holiday then extended it through Aug. 2, as withdrawals of…

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Japanese insurance policyholders gain access to loans via bank ATMs

August 1, 2002

TOKYO -- Sumitomo Life Insurance Co. has tied up with Shinkin Central Bank, an industry body grouping 343 "shinkin" small savings banks, to enable its…

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Malaysian ATMs back on shared network

August 1, 2002

KUALA LUMPUR, Malaysia -- The electronic linkage among Malaysian ATMs has resumed, although within restricted hours as banks are still on alert until the…

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Datawest earnings improve in 2Q

August 1, 2002

VANCOUVER, BRITISH COLUMBIA -- Datawest Solutions Inc. (TSX: DS - News), reported a loss of $303.384, or 2 cents a share, on revenues of $11.7 million for the…

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ATMs may play role in Disney promotion, matey

July 31, 2002

LONDON -- According to a report in the London Times, family entertainment conglomerate Disney is considering promoting its next blockbuster film through…

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Austria's Raiffeisen Group to install Wincor Nixdorf software

July 31, 2002

PADERBORN, Germany -- Austria's Raiffeisen Bank Group will install ProClassic architecture from Wincor Nixdorf on its 3,900 self-service machines.

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ATM industry mobilizes for fraud fight

July 30, 2002

All who convened in Washington D.C. for the inaugural meeting of the Electronic Funds Transfer Association's ATM Integrity Task Force agreed that ATM fraud has…

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Concord's revenues up 28% in 2Q

July 30, 2002

MEMPHIS, Tenn. -- Transaction processor Concord EFS reported revenue growth of 28 percent in the second quarter of 2002 compared to 2001.

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Cardtronics inks deal with CashWorks to offer check cashing

July 30, 2002

HOUSTON -- Cardtronics has signed a distribution agreement with CashWorks to offer CashWorks' payroll and government-issued check-cashing solution for ATMs.

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German bank DiBa migrating ATMs to NT

July 30, 2002

AUGSBURG, Germany -- NCR Corporation (NYSE:NCR) is working with Allgemeine Deutsche DirektBank AG (DiBa) on a multi-million dollar project to migrate 850 NCR…

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New Citibank ATM card facilitates money transfer to Mexico

July 30, 2002

NEW YORK -- Citibank became the latest financial institution to introduce a special bank account targeting Hispanics with the introduction of the Citibank…

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CO-OP Network makes special distribution to members

July 29, 2002

ONTARIO, Calif. -- CO-OP Network announced a special patronage distribution of $6 million, the second cash disbursement issued this year by the credit union…

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