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Posts Tagged ‘ATM operators’

RBS Worldpay sold to new owners

Tuesday, August 10th, 2010

Last November, RBS Group — the parent company of RBS WorldPay, which handles ATM processing for ATM Network — received financial help from the British government. As part of the agreement, RBS Group agreed to divest itself of RBS WorldPay.

Now the new owners have been found, and the sale finalized.

Royal Bank of Scotland Group Plc, the U.K.’s biggest government-owned bank, agreed to sell its credit- card payment processing unit to Advent International Corp. and Bain Capital LLC for 1.7 billion pounds ($2.7 billion).

RBS may receive a further 200 million pounds if the buyers’ returns hit certain targets, the Edinburgh-based bank said in a statement today. RBS will keep a 20 percent stake. It will also book a gain from the sale of about 850 million pounds after goodwill, separation and transaction costs, the bank said.

RBS is being forced to dispose of the unit to comply with European Union state-aid rules after taking 45.5 billion pounds in a taxpayer-funded rescue during the financial crisis. The bank announced this week the sale of 318 branches to Banco Santander SA to comply with the ruling, and must also dispose of its insurance division.

Advent and Bain Capital are private-equity firms. Such firms typically buy distressed companies, operate them for several years, then sell them at a profit.

But they also will operate profitable businesses on occasion, and that appears to be the case here. RBS has been steadily profitable, reporting $400 million in profits last year, and Advent and Bain appear to regard it as a good place to park investment money while the world recovers from global recession.

Advent also owns a 51 percent stake in another payment process, Fifth Third Processing Solutions, but said there are no plans to combine the processing companies.

The companies anticipate no changes in day-to-day operations, and the ownership change shouldn’t even be noticeable to ATM owners. If changes crop up in the future, ATM Network will notify ATM owners and help them adjust.

Make your older ATM Internet-capable

Thursday, May 21st, 2009

ATM Network's Internet adapter

ATM Network's Internet adapter

Along with faster processors and bigger screens, modern ATMs can access our processing network over your high-speed Internet line. Doing so has three advantages:

Faster processing. A high-speed connection can process a transaction is 3 seconds, compared with an average of 22 seconds using dial up.

No phone line needed. Getting rid of your ATM’s dedicated phone line can save you up to $40 a month.

Increased reliability. No more busy signals, dropped calls or worries about noise on the line.

That’s great if you’ve got a newer machine, but what about owners with older equipment?

ATM Network has you covered. We’ve come up with a box to add Internet capability to your ATM. It’s a “plug and play” solution that plugs into your Internet router and your ATM.

Because older ATMs have older circuitry, retrofitted machines won’t see processing time drop to 3 seconds. But it will shave a few seconds off the current time. And it delivers the other two advantages: increased reliability and ditching the dedicated phone line.

This isn’t some cobbled-together, untested pile of circuitry. We’ve had the box installed in multiple locations for more than a year and a half, with great success and reliability.

And you can’t beat the price: $300. Compare that to spending $2,000 or more for a new ATM. The savings from getting rid of the phone line means the box will pay for itself in less than 8 months.

Learn more

To find out more about adding Internet capability to your ATM, call 1-800-929-0228, e-mail info@atmnetwork.net, visit our Products page or fill out our online order form.

Save your stubs!

Wednesday, May 20th, 2009

The monthly check that ATM operators get are great, aren’t they? But while we’re sure nobody forgets to cash their check, a lot of ATM owners throw out the check stub without a second thought.

Don’t! Those stubs tell you how much you’ve earned from your ATM, and at the end of the year you’ll need them to calculate your yearly income.

They also contain valuable activity information for your ATM machine. Each stub tells you several useful things:

  • How many transactions your ATM processed that month;
  • How much money was withdrawn in those transactions;
  • Which card networks your customers used.

The stub also breaks down transaction activity by day. So you can see, for example, that on May 5th your ATM handled 9 transactions that withdrew a total of $480, while on May 7 there were just 4 transactions for $120.

How is this information valuable? Lots of ways. By tracking customer activity, you can make sure to have enough cash in the ATM on your busiest days. You can gauge how your advertising and marketing affect ATM usage and how ATM usage affects sales. You can see which network is most popular with your customers, which might guide marketing decisions.

So cash the check. But keep the stub.

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