DC ATM fleet adapts to the market
Automatic teller machine operator DC Payments earned a higher profit on higher revenue in Australasia over the three months to September 2013.Financial statements for its Canadian bank owner, Direct Cash, show that DC Payments made a profit of A$16.6 million on revenue of A$94.2 million. In the corresponding quarter in 2012 the profit was A$15.3 million on revenue of C$31.7 million.Direct Cash took control of the former Customers Limited in July 2012. It is the largest deployer of ATMs in Australia and New Zealand, with 6407 ATMs.Direct Cash is reshaping its ATM fleet to adapt to a crowded market. Some locations are unprofitable and changing consumer habits are also affecting the business.It said the number of active ATMs fell by 153 over the quarter, mainly due to Direct Cash almost halving its ATM fleet in New Zealand, where it withdrew 400 machines. This was offset by the addition of 224 machines for one major customer.Monthly average transaction numbers increased by two per cent, to 709, from a year ago, and by four per cent from three months ago.