NCR reported 2Q/13 revenue of $1.54 billion, up 9% from the year ago figure, and income from continuing operations of $86 million, compared to the year ago figure of $89 million. An identification of those special items, and the impact of pension and those special items on income from continuing operations and diluted earnings per…
NCR Corporation is growing its relationship with Dollar Bank, which will begin replacing 60 older non-NCR ATMs with NCR’s deposit-taking NCR “SelfServ.” Complete with scalable deposit module, Dollar Bank’s ATMs will run on NCR “APTRA Edge” software for multivendor ATM environments. NCR “SelfServ” ATMs with scalable deposit module (SDM) make the deposit portion of an ATM transaction twice as fast. SDM is the only technology in deployment that allows consumers to deposit both cash and checks simultaneously, in any orientation, through a single slot. This consumer-friendly technology makes ATM deposits faster and easier, and helps banks improve the customer experience. In addition to the SDM units, Dollar also is replacing 10 older ATMs with traditional NCR SelfServ ATMs.
SunTrust Bank is deploying ATMs from NCR Corporation, having already installed more than 1,200 NCR SelfServ ATMs equipped with Scalable Deposit Module (SDM) technology, allowing customers to deposit both cash and checks at the same time through a single deposit slot. SunTrust expects NCR will be the sole provider of deposit automation ATMs at the bank, which the bank began deploying in the Atlanta metro area and has replaced older NCR and non-NCR models at branches in Washington, D.C., Maryland, Florida, Georgia and other major metropolitan markets throughout the past year. ATM users can deposit up to a total of 50 checks and notes in any orientation at the same time.
In support of Earth Day, Wells Fargo announced the start of the Online Statements Sweepstakes to encourage customers to switch to paperless statements for eligible accounts. Customers have the chance to win $25,000 or one of 20 $1,000 prizes. In addition to the sweepstakes, Wells Fargo, in partnership with the Arbor Day Foundation, is planting…
Credit Union 24 credit union-owned ATM & POS network appointed James Gukeisen Relationship Manager. Gukeisen served as Senior Card Services Manager and was responsible for the day-to-day operations of all non-credit card products, including debit cards, instant-issue cards, single-load gift cards and Suncoast’s 200 ATMs. Gukeisen also served as ATM manager and check-card manager, and was previously a project manager responsible for introducing new card products, developing rewards programs and assisting with fraud and risk management. Gukeisen is a Certified Credit Union Executive, a Certified Financial Management Specialist and a Certified Financial Services Professional.
CO-OP Financial Services, W.C.U.L. Services Corp. (WCUL) and Wisconsin Credit Union Shared Service Centers partnered to market CO-OP Network and Payment Processing services. CO-OP offers services that maximize member convenience and operational efficiencies for credit unions. WCUSSC already offers CO-OP Shared Branching, CO-OP Member Center and CO-OP E-Commerce Solutions. With the new agreement, WCUL and WCUSSC will also promote CO-OP Network and CO-OP Payment Processing services, which offers 28,000 surcharge-free CO-OP Networks ATMs nationwide, 9,000 of which are deposit-taking.
Peoples Bank of Alabama is the first community bank in the state of Alabama to deploy NCR “SelfServ” ATMs with scalable deposit module (SDM), which makes the deposit portion of an ATM transaction twice as fast. The bank will improve its transaction processing by running advanced NCR software, including NCR “APTRA Passport” across its ATM network. Peoples Bank of Alabama is deploying 30 NCR SelfServ ATMs with SDM, letting consumers deposit cash and checks simultaneously in any orientation through a single slot.
Wells Fargo & Company announced all deposit-taking ATMs in its network of more than 12,000 machines across the country are now entirely Envelope-Free. Customers no longer need to write on an envelope or key-in a deposit amount. Once cash and/or checks are inserted, the machine converts the paper checks into digital images, which appear on the ATM screen and on the receipt. It also sorts and counts the bills and verifies the amount. Cash deposits are available for use immediately and check deposits made on weekdays by 9 p.m. are considered received on the same day.
Credit Union 24 credit union-owned ATM and POS network is advocating against the National Credit Union Administration’s (NCUA) proposed information disclosure regulations on CUSOs. Credit Union 24 is providing tools to credit unions to help make their voice heard and is encouraging credit unions to lobby the NCUA against these regulations and posted a letter on its website, indicating the regulations will inhibit CUSO innovation and collaboration by replacing value and service factors with regulatory compliance and information disclosure, thereby not providing the same level of financial products and services for which credit unions have come to rely on CUSOs. Accordingly, it will also put CUSOs at a competitive disadvantage, thereby diminishing the intellectual value that they provide credit unions via their services, by having to disclose proprietary, confidential information to a government regulator where it may become publicly available under FOIA or equivalent laws.
The Credit Union 24 credit union-owned ATM and POS network Board of Directors has re-elected Mansel Guerry for an unprecedented fourth consecutive term as Chairman of the Board. Under his most recent term, Credit Union 24 has grown to become the nation’s largest credit union-owned POS network, as well as provide the nation’s largest surcharge-free ATM access available to financial institutions, and has developed robust EFT products and services to help credit unions navigate the many challenges they’ve been facing in recent years. Credit Union 24 also developed Debit Edge POS program to help credit unions protect their interchange income while facing the implementation of the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Charles Street Community FCU and Four Flags Area Credit Union have contracted for SHARE SYSTEM from CO-OP Financial Services to help operate their ATM and debit card programs more efficiently and with real-time payment processing. SHARE SYSTEM from CO-OP provides ATM and debit card program support in implementations, adjustments/chargebacks, operations and training. SHARE SYSTEM clients also have access to CO-OP Network, providing members of participating credit unions with surcharge-free access to more than 28,000 ATMs throughout the United States, 9,000 of which are deposit-taking.
CO-OP Financial Services and the Tennessee Credit Union League expanded their 15-year marketing partnership. Providing additional services to 240 credit unions affiliated with the Tennessee Credit Union League, the partnership will add CO-OP Signature Debit Processing, CO-OP ATM/PIN POS Debit Processing and CO-OP ATM Terminal Driving for management of credit union ATM terminals and programs. The Tennessee Credit Union League represents the CO-OP Network and its 28,000 surcharge-free ATMs nationwide, 9,000 of which are deposit-taking.