News

Dolphin Debit records double-digit growth in 2015

The company says that the number of ATMs it operates on behalf of clients grew 22 percent last year, while total transaction volume grew 24 percent.

February 2, 2016

Dolphin Debit, a full-service ATM management company, has reported revenue growth of 18 percent and significant increases in both ATMs operated and transaction volumes.

In a press release, the company said that the number of ATMs operated on behalf of its clients grew 22 percent in 2015, while transaction volume grew 24 percent.

The company added new clients and increased business with existing clients throughout the year, the release said.

Also during 2015, Dolphin Debit launched its PerkUp subsidiary, which focuses on financial education. The program enables a sponsoring credit union to provide reward-based financial education to key employee groups, while incorporating an online platform for employees to open new accounts and apply for small loans.

The company also began major initiatives to migrate ATMs to EMV and add image deposit capability to serve credit union and bank customers.

Dolphin Debit also significantly extended its longtime agreement with Murphy USA and increased its service footprint to include 22 states.

Company cofounder Gary Walston said that Dolphin Debit expects an even bigger year in 2016, as FIs weigh the cost of implementing EMV against the option of outsourcing their ATMs to a third party.