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With its U.S. operations holding up despite the economic slowdown, non-bank ATM network operator Cardtronics Inc. is eyeing opportunities as a third-party ATM processor. Cardtronics executives said at a conference call with analysts on Tuesday morning that the conversion of the network's nearly 33,000 ATMs to a new in-house processing …
Read More »With Boston on Board, Select-A-Branch Plans Further Expansion
Select-A-Branch, the multibranded surcharge-free ATM network, reported on Tuesday that it has completed installation of 10 machines in Massachusetts Bay Transportation Authority subway stations, but its growth train won't stop in Boston. “Look for us in some major airports,” Dan Stechow, chief operating officer of King of Prussia, Pa.-based Select-A-Branch …
Read More »Coming Soon to Cardtronics Vcom Kiosks: Imaged Deposits
Non-bank ATM network operator Cardtronics Inc. has been trying to pump up transaction volume on its advanced-function Vcom machines ever since it bought them last July from 7-Eleven Inc. as part of the 5,500-machine ATM fleet the convenience-store giant unloaded for $137.3 million. Next week, part of that strategy takes …
Read More »TRM Looks to Revival with $15 Million Deal for Access To Money
After a long period of downsizing and financial turbulence, non-bank ATM network operator TRM Corp. says it's getting its act in order and is ready to grow again. Portland, Ore.-based TRM just bought the New Jersey-based Access To Money network in a $15 million deal that brings another 4,200 ATMs …
Read More »Cardtronics Looks for 2008 Payoff from Former 7-Eleven Vcom Fleet
Bolstered by the acquisition of convenience-store giant 7-Eleven Inc.'s sizable ATM business, leading non-bank ATM network operator Cardtronics Inc. on Thursday reported fourth-quarter financials that show an improvement in most operating measures. Company executives insist their efforts to improve the performance of 7-Eleven's high-function Vcom kiosks as well as other …
Read More »Citibank’s ATM Restriction Spotlights Rising Withdrawal Limits
A recent effort by Citigroup Inc.'s Citibank to minimize the effects of a spate of fraud by cutting some customers' daily ATM withdrawal limits in the New York City area has cast some light on a dim corner of the payment industry. Daily withdrawal limits on ATMs are up dramatically …
Read More »A New Web Site Seeks to Broaden the Market for Merchant Portfolios
Seeking to create a more fluid market for merchant portfolios, two entrepreneurs have created a Web site to showcase assets and broker deals. Boston-based Merchantportfolios.com, which went live about a month ago, is attracting what Lane Gordon, one of the partners, refers to as a “double-digit” number of users browsing …
Read More »Euronet Bids for MoneyGram, And Girds for a Fight If Necessary
Euronet Worldwide Inc., which on Thursday made public a stock offer valued at $1.65 billion for rival money-transfer company MoneyGram International Inc., has rejected an offer from MoneyGram to discuss the possible combination of the two companies because of a condition MoneyGram wanted to impose that would have stopped Euronet’s …
Read More »Cardtronics Slims Down Its IPO But Gets the Deal Done in Stormy Market
Cardtronics Inc., operator of the nation's largest non-bank ATM network, completed its initial public offering of stock on Monday and began trading Tuesday on the NASDAQ stock market, but only after cutting the size of the deal in a stormy stock market. Houston-based Cardtronics announced its planned IPO in September. …
Read More »New Platform, APIs Let TIO Launch Strategy for Walk-in Payments
TIO Networks Corp. signaled a new strategy last week when the kiosk network struck a deal with IPP of America Inc. to process bill payments at IPP walk-in locations (Digital Transactions News, Nov. 29). For the first time, TIO will be handling transactions on its network without the need to …
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