Tuesday , October 16, 2018

Diebold Nixdorf Reports Mixed Results and other Digital Transactions News briefs from 2/14/18

  • Fourth-quarter hardware sales for ATM and banking and retail-payment equipment manufacturer Diebold Nixdorf Inc. fell 11% year over year to $473.2 million, but software and services revenues rose 19% and 7%, respectively, the company reported.
  • Credit card balances hit $834 billion in the fourth quarter, up 7% from $779 billion a year earlier, according to the Federal Reserve Bank of New York’s latest report on household debt.
  • The National Retail Federation says January retail sales grew 5.4% year-over-year and were down only 0.26% from December on a seasonally adjusted basis. The figures exclude automobile, gas-station, and restaurant purchases.
  • The ATM Industry Association elected a new executive committee, with John J. Leehy III, president and chief executive of Payment Alliance International, as its president.

Check Also

Eye on P2P: Venmo Jacks up Its Fee for Instant Transfers; BofA Touts Zelle Results

In the hotly contested market for person-to-person transactions, PayPal Holdings Inc.’s Venmo unit has rarely …