GLG News by ATM Market Experts

TJX has spent more than $216 million due to a lapse in data security after cyber thieves may have hacked into a wireless hub used for TJX's store controller that handles  their POS (Point-of-Sale) system.  Once the thieves gained access they may have been able to work their way into TJX's...

The Allpoint Network (a subsidiary of Cardtronics) and the Star EFT Network (a First Data subsidiary) is offering a turnkey solution for banks and credit unions who want to gain a greater ATM presence and offer its customers surcharge-free ATM access. In the U.S. approximately 396,000 ATMs are deployed...

TRM is the second largest non-bank ATM owner behind Cardtronics and owns approximately 10,600 ATMs in the U.S., which is down from 11,511 in Q406 and 17,588 in Q306. TRM has seen a 14% decline in its ATM portfolio since 2005 and has been forced to sell off its ATM operations in the U.K., Germany and...

Banks and credit unions are rolling out check imaging ATMs that scan checks and cash, eliminates the need for envelopes, reduces the cost to process checks, providers customers with immediate access to funds and verifies that the deposit has been received. The potential cost savings for banks and credit...

Cardtronics net loss is due in part to higher depreciation expenses associated with additional ATM deployments in the United Kingdom and Mexico, as well as startup costs for its in-house transaction processing operation and expenses associated with strengthening its bank branding marketing program....

Brazil is fueling ATM growth in the Latin American region and over the next three-four years Brazil will add to its installed base of ATMS, which will push Latin American ATM growth from 173,880 ATMs to over 231,075 ATMs by 2011. Brazil touts the largest number of ATMs in Latin America and from Mexico...

Fortis's shareholders squashed rumors last week that they would vote against the ABN bid and rights issue when 39% of its shareholders turned out in record numbers and gave Fortis a 96% vote of approval. Fortis's shareholders voted in favor of the $17.76 billion rights issue which has come under scrutiny....

The week of August 6, 2007, was a good week for the Consortium. On August 6, 207, Fortis's shareholders approved its portion of the ABN bid and RBS's shareholders ended the week on 8.10.07 with its shareholders giving a 95% approval of the ABN bid and a 6.84 billion share issue to secure the Consortium's...

TRM reported 1Q07 losses as it tries to dig itself out of the whole it dug through acquisitions, growing too fast and paying too much for ATM portfolios. TRM's troubles began in 2004, when it acquired the eFunds portfolio of 17,000+ ATMs for $150 million. However, of the 17,000+ contracts, approximately...

Early reports suggest ABN's Boards mulled over Barclays bid of $93 billion of mostly stock and the Consortium's bid for $98 billion with 93% in cash and may have decided to withdraw support for the Barclays bid and may stand neutral on making recommendations to its shareholders on either bid. Barclays...