Recent company news
Georgia Lottery selects ATM Network for lottery promotion
Want to win a real ATM filled with cash? You can…. if you play the Win For Life game run by the Georgia Lottery. Nonwinning tickets can be entered in a second-chance drawing. On July 31 a grand-prize drawing will be held. The top prize? A real Tranax 1700W ATM, provided by ATM Network and [...]
Posted on 2 July 2010 | 2:17 pm
Tranax files for bankruptcy
After losing a $5 million court fight with former partner Nautilus Hyosung, ATM manufacturer Tranax Technologies has filed for Chapter 7 bankruptcy liquidation. Tranax Technologies Inc., an ATM manufacturer that sells machines to independent sales organizations, has filed for Chapter 7 voluntary bankruptcy, citing debts of $1 million to $10 million. Tranax said its assets [...]
Posted on 1 July 2010 | 11:39 am
RBS won’t change end-of-day time after all
Back on June 7, RBS WorldPay announced it would be changing its official end-of-day close from 4 p.m. to 3 p.m. in order to accommodate new Mastercard-related procedures. But here’s some good news: RBS has since determined that the change is unnecessary. So its end-of-day close will stay at 4 p.m. Share this on del.icio.us [...]
Posted on 1 July 2010 | 11:24 am
Tech Tales: The case of the bad protocol
Editor’s note: ATM Network technicians have the experience to solve even the thorniest problems, and routinely go above and beyond to do so. This is one such story. One day the ATM Network service department got a call from a bar and grill in southern Minnesota. Their ATM had suddenly stopped contacting the transaction processor, [...]
Posted on 24 June 2010 | 11:00 am
ATM Network contributes $3,000 to ATMIA fund
ATM Network has donated $3,000 to an industry fund that will help educate consumers and legislators about the ATM industry, as well as explore options regarding fees charged by credit-card networks. The donation comes after independent ATM operators faced two direct threats to their businesses in less than two months. BACKGROUND In early April, Mastercard [...]
Posted on 15 June 2010 | 9:49 am
Alert: RBS WorldPay to change end-of-day time
Starting July 1, ATM Network’s transaction processor, RBS WorldPay, is changing its official end-of-day time. It will move up one hour, to 3 p.m. Eastern time from the current 4 p.m. Eastern time. That means that any transaction processed after 3 p.m. Eastern time will be included in the next day’s total. Please be aware [...]
Posted on 7 June 2010 | 1:03 pm
Nautilus Hyosung wins lawsuit against Tranax
A federal court has upheld a $5 million arbitration award against Tranax Technologies, ordering it to pay Nautilus Hyosung for ATMs and parts it received but did not pay for in 2006 and 2007. The case stemmed from the contract dispute between Hyosung and Tranax that led to Hyosung dropping Tranax as it’s U.S. distributor [...]
Posted on 28 May 2010 | 10:44 am
Inventor of “first” ATM dies
John Shepherd-Barron, a Scotsman often credited with inventing the world’s first automatic cash machine, has died at age 84. Whether you think he’s truly the inventor of the ATM depends a little bit on how you define “ATM.” The machine he invented bears little resemblance to modern ATMs: The first automatic teller machine, now known [...]
Posted on 25 May 2010 | 11:55 am
Senate passes financial reform — without ATM fee caps
Good sense prevailed in the nation’s capital on Thursday, when the Senate passed the financial-reform bill — without even considering an amendment by Sen. Tom Harkin to cap ATM fees at 50 cents. Thank you to everyone who called, faxed or wrote their senator to oppose this ill-considered amendment. Share this on del.icio.us Digg this! [...]
Posted on 21 May 2010 | 10:26 am
Harkin amendment blocked in Senate
Republicans and Democrats alike prevented Sen. Tom Harkin’s ATM fee-cap amendment from reaching the Senate floor on Tuesday night. Democrats are trying to get the main bill passed before the Memorial Day recess, so they’re only allowing debate on amendments that have strong support — and preferably bipartisan support. Harkin’s ATM amendment does not pass [...]
Posted on 19 May 2010 | 12:08 pm
