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Dolphin Debit Revenue Climbed 27% in 2017 as It Added Client ATMs, Generated 47% More Transactions
By: Dolphin Debit
Growth in 2017 came from both new institutions with large portfolios of ATMs and existing clients. Many existing clients that previously outsourced primarily off-premise ATMs to Dolphin Debit have now moved all of their ATMs over to Dolphin's turnkey management.
Gary Walston, co-founder of Dolphin Debit, noted that for 2017 the number of ATM transactions was up by 47 percent, and the amount of cash dispensed was higher by 53 percent, when compared with 2016.
Dolphin Debit saw strong growth with banks and credit unions across all of its regions, with increased penetration in its newer markets in the Midwest, Northeast, and Pacific Northwest.
"One of the big drivers of our business in 2017 was the need among credit unions to upgrade or replace their ATMs for EMV," Walston explained. "Another factor is that more and more credit unions are recognizing that outsourcing is a smart option when it comes to how they manage their ATMs."
Walston noted that the need for an ATM upgrade or replacement is often a catalyst for a credit union or bank to look into outsourcing rather than managing its own machines.
"They may not worry too much about the costs and management burdens of their ATM fleet until they're faced with spending large amounts on upgrades or new machines," Walston pointed out.
"That is when they really discover the advantage of turning all those responsibilities over to Dolphin Debit. They find they can put the money – cash that they would have had to invest in ATMs – to much better use by loaning it to members."
About Dolphin Debit
Dolphin Debit Access is a full-service ATM management company that owns and operates ATMs for financial institutions. Dolphin's turnkey ATM service includes deployment of new ATM equipment combined with terminal driving, ATM maintenance, armored car service, communications, monitoring and dispatch, and cash management. Dolphin Debit operates all types of equipment in various on-premises and off-premises venues. In addition, Dolphin Debit has the rights to install and operate drive-up ATMs at Walmart/Murphy USA locations in multiple states. Dolphin Debit customizes solutions to the specific needs of clients, with a flexible, cost-saving approach that enables redeployment of company assets to improve the bottom line. For more information, visit http://www.dolphindebit.com.
Page Updated Last on: Mar 12, 2018