News

Dolphin Debit serves up splashy numbers for 2014

The IAD reported impressive growth for the year, including a 35 percent increase in revenue.

January 29, 2015

Dolphin Debit, which owns and operates ATMs for credit unions and banks, has released data on its 2014 performance, reporting revenue growth of 35 percent on the year.

The company credits the year's healthy returns to strong growth — both in its client portfolio and in the number of transactions performed at ATMs under management, according to a press release.

Dolphin Debit reported portfolio growth of 21 percent year over year, and a 38 percent rise in transaction volume. With its expansion into four new states — Arizona, Florida, Kentucky and Ohio — the company has extended its reach into 14 U.S. states.

Dolphin Debit increased its head count 26 percent in 2014 in order to serve its expanding business, the company said.

"We had a fantastic year in 2014, thanks primarily to the fact that we added so many new client credit unions and banks and saw healthy organic growth among existing clients," Dolphin Debit President Ben Allen said in the release. "With several initiatives planned for 2015, above and beyond the new client and organic growth we expect, we have high hopes for another banner year."