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IndustryUpdate
ANNOUNCEMENTS Fed appreciates industry input
The Federal Reserve Bank said it received nearly 200
ATMIA hosts ATM X-Games responses from payments industry businesses concern-
ing its September 2013 white paper, Payment System
The ATM X-Games held during the ATM Industry Improvement – Public Consultation Paper, in which the
Association U.S. Conference 2014 in Orlando, Fla., fea- agency laid out its "desired outcomes" for the U.S. pay-
tured 12 contestants who showcased ATM product and ments system. The Fed expressed satisfaction with the
service innovations. Contestants included ATMPartMart. number and diversity of responses.
com, ATM Smart, Diebold, Genmega, Kaba Access &
Data Systems Americas, Nautilus Hyosung, Newtell "On behalf of the Reserve Banks, I would like to thank
Solutions, OptConnect, PAYe Network, Planet Payment the commenters for preparing such thoughtful and
and Shazam/Euronet. insightful responses," said Sandra Pianalto, President of
BPC launches new ATM solution the Federal Reserve Bank of Cleveland and Chair of the
Financial Services Policy Committee. "It's critical that all
BPC Banking Technologies reported that its new ATM ideas and perspectives are considered as we collectively
offering, SmartATM, will dramatically reduce ATM net- identify the most promising opportunities to advance
work costs. "Operational costs are slashed by optimizing the U.S. payment system."
network monitoring encompassing cash load routes and
frequency," the company stated. SmartATM report- More information about the Fed's efforts can be found at
edly thus saves clients $2,000 per ATM annually, which FedPaymentsImprovement.org.
translates into $2 million in yearly savings for an ATM
network of 1,000 machines.
Heartland's Q4 2013 earnings up 33 percent
ETA boosts data breach topics for Transact 14
Princeton, N.J.-based processor Heartland Payment
In reaction to the rash of large data breaches affecting Systems Inc. said its adjusted net income of $20.5 mil-
major retailers, the Electronic Transactions Association lion for the fourth quarter of 2013, ending Dec. 31, 2013,
added a Data Breach Summit to the program for amounted to 33 percent growth over the same period in
Transact 14, the ETA conference taking place April 8 2012. Heartland's overall 2013 earnings were up 22 per-
to 10 in Las Vegas. The aim of the summit is to inform cent over the previous year. In its Small and Mid-Sized
attendees on how to prevent future breaches and protect Enterprise segment, quarterly transaction processing
consumer data. "Industry innovators, security special- volume reached $18.3 billion, up 4 percent from the
ists and top federal regulators will bring attendees up to fourth quarter of 2012, according to the processor.
speed on how to avert risk, address breaches and meet
the evolving regulatory landscape," the ETA said.
• The National Retail Federation's 2014 economic forecast projected
retail sales – excluding automobiles, gas stations and restaurants –
will increase 4.1 percent in 2014, up from estimated growth of 3.7
percent in 2013; online sales will rise 9 to 12 percent in the same
period.
• According to CreditDonkey.com's annual Valentine's Day spend-
ing survey, male respondents were expected to spend on average
$87 on significant others, compared with women's $56. Women
preferred to receive dinner, flowers and chocolate; men favored
electronics.
• The latest estimate published by the U.S. Census Bureau placed the
total value of fresh cut roses sold in the United States from January
to October 2013 at $354,703,231.
22
ANNOUNCEMENTS Fed appreciates industry input
The Federal Reserve Bank said it received nearly 200
ATMIA hosts ATM X-Games responses from payments industry businesses concern-
ing its September 2013 white paper, Payment System
The ATM X-Games held during the ATM Industry Improvement – Public Consultation Paper, in which the
Association U.S. Conference 2014 in Orlando, Fla., fea- agency laid out its "desired outcomes" for the U.S. pay-
tured 12 contestants who showcased ATM product and ments system. The Fed expressed satisfaction with the
service innovations. Contestants included ATMPartMart. number and diversity of responses.
com, ATM Smart, Diebold, Genmega, Kaba Access &
Data Systems Americas, Nautilus Hyosung, Newtell "On behalf of the Reserve Banks, I would like to thank
Solutions, OptConnect, PAYe Network, Planet Payment the commenters for preparing such thoughtful and
and Shazam/Euronet. insightful responses," said Sandra Pianalto, President of
BPC launches new ATM solution the Federal Reserve Bank of Cleveland and Chair of the
Financial Services Policy Committee. "It's critical that all
BPC Banking Technologies reported that its new ATM ideas and perspectives are considered as we collectively
offering, SmartATM, will dramatically reduce ATM net- identify the most promising opportunities to advance
work costs. "Operational costs are slashed by optimizing the U.S. payment system."
network monitoring encompassing cash load routes and
frequency," the company stated. SmartATM report- More information about the Fed's efforts can be found at
edly thus saves clients $2,000 per ATM annually, which FedPaymentsImprovement.org.
translates into $2 million in yearly savings for an ATM
network of 1,000 machines.
Heartland's Q4 2013 earnings up 33 percent
ETA boosts data breach topics for Transact 14
Princeton, N.J.-based processor Heartland Payment
In reaction to the rash of large data breaches affecting Systems Inc. said its adjusted net income of $20.5 mil-
major retailers, the Electronic Transactions Association lion for the fourth quarter of 2013, ending Dec. 31, 2013,
added a Data Breach Summit to the program for amounted to 33 percent growth over the same period in
Transact 14, the ETA conference taking place April 8 2012. Heartland's overall 2013 earnings were up 22 per-
to 10 in Las Vegas. The aim of the summit is to inform cent over the previous year. In its Small and Mid-Sized
attendees on how to prevent future breaches and protect Enterprise segment, quarterly transaction processing
consumer data. "Industry innovators, security special- volume reached $18.3 billion, up 4 percent from the
ists and top federal regulators will bring attendees up to fourth quarter of 2012, according to the processor.
speed on how to avert risk, address breaches and meet
the evolving regulatory landscape," the ETA said.
• The National Retail Federation's 2014 economic forecast projected
retail sales – excluding automobiles, gas stations and restaurants –
will increase 4.1 percent in 2014, up from estimated growth of 3.7
percent in 2013; online sales will rise 9 to 12 percent in the same
period.
• According to CreditDonkey.com's annual Valentine's Day spend-
ing survey, male respondents were expected to spend on average
$87 on significant others, compared with women's $56. Women
preferred to receive dinner, flowers and chocolate; men favored
electronics.
• The latest estimate published by the U.S. Census Bureau placed the
total value of fresh cut roses sold in the United States from January
to October 2013 at $354,703,231.
22
