Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

Products Archive

Products

Diebold announces 4Q 2009 financials

 Permanent link
NORTH CANTON, Ohio (2/5/10)--ATM manufacturer Diebold has released its fourth quarter 2009 financials. Diebold reported fourth quarter 2009 income from continuing operations attributable to Diebold at $7.9 million, or $0.12 per share. The amounts are down 55% and 54%, respectively, from fourth quarter 2008. Fourth quarter 2009 revenue was $724.9 million, down 8% from the same period in 2008. Full-year 2009 income from continuing operations was $73.1 million, or $1.09 per share, both down 32% and 33% respectively from 2008. Full-year 2009 revenue was $2.7 billion, down 12% from 2008. “We delivered solid operational results during the fourth quarter, despite a number of challenges the financial industry continues to face,” said Thomas W. Swidarski, Diebold president/CEO. Diebold also said it is planning to eliminate 350 full-time jobs in its North American operations. “Our business related to bank branch construction in North America, remains especially challenging and will likely not return to historical norms in the near future,” Swidarski said. “To improve our ability to invest in key growth initiatives, we are realigning our organization and resources to better support our opportunities in the emerging growth markets.”

CUAnswers sponsors two contests

 Permanent link
GRAND RAPIDS, Mich. (2/5/10)--CU*Answers, a credit union service organization based in Grand Rapids, Mich., is offering two contests for its credit union clients. The first contest, which CU*Answers has sponsored for the past two years, aims to broadcast the credit union message. Credit unions are challenged to create a video that best promotes the topic, “Your Credit Union is Everywhere.” The winning credit union will receive $1,500. Entries are due Feb. 15. The winner will be announced at the CU*Answers Leadership Conference on June 23. The winning video will be premiered at the conference. Videos will be judged by CU*Answers staff, board members and Fulvew Productions. Use the link to view past winning videos. CU*Answers also is sponsoring its Spec Writer contest, which will reward $2,500 to the person who designs the best spec for an integrated CU*BASE tool. A good project spec requires imagining and clearly explaining big-picture, high level overview of the project and including details that define how the software will behave and what the end-use experience will be, CU*Answers said. Specs must be submitted by April 30 in Microsoft Word documents, and include an introduction that can be adapted for a release summary when the project is implemented. Detail and structure guidelines for the specs are available on CU*Answers’ website. Suggested project ideas include creating an on-demand process for members opting into a credit union’s skip-a-pay program, a configuration and work process to handle common wire transfers, and integration of a savings bond redemption flow into teller processing. Original ideas are recommended, said the CUSO. For more information, use the links.

Products and Services briefs (02/04/2010)

 Permanent link
* TEMPE, Ariz. (2/5/10)--LemmonTree Marketing Group’s new website highlights video interviews with 10 credit union executives and marketing professionals on what this year will offer for credit unions. The site is called “Credit Union Sustainability, 2010 and Beyond” ... * LINDEN, N.J. (2/5/10)--Integrated Media Management, a document output management and automation technology provider, announced that it has received 11 orders for TotaleChecks in the past two months, bringing the number of check orders to date to 182. TotaleChecks aim to help financial institutions eliminate manual storage and retrieval of paper checks, and reduce security risks ... * GRAND RAPIDS, Mich. (2/5/10)--CU*Answers, a credit union service organization will release its 9.6 CU*BASE Software upgrade Feb. 14. The update will add security enhancements to CU*Answers’ online banking platform, It’s Me 247. The enhancements include requiring security questions at login and expanding the minimum online banking password length to six characters. A password strength meter also has been added ... * GRAND RAPIDS, Mich. (2/5/10)--Sixty-three credit unions are participating in CU*Answers’ Risk Management Report Generator website. The tool is an Internet-based due diligence product developed with WESCO Net. CU*Answers aimed to sign up 50 credit unions to the site by the end of 2009. Xtend, a credit union service organization in Grand Rapids, Mich., helped drive awareness of the tool with an outbound call campaign ...