Small fry chomp at DC Payments

DC Payments, the operator of the largest automatic teller machine fleet outside those owned by banks, is finding new business hard to come by, the corporate performance update for the first two quarters of 2015 shows.

All the growth in ATM numbers for DC arises from the takeover, in October 2014, of EzeATM.

Demand for new ATM placements from merchants, such as it is, is being filled by smaller scale suppliers. Next Payments, run by Tim Wildash, who once ran the DC Payments operations in Australia, is one of a number of newcomers in a sector still ripe for consolidation.

One bright spot for DC is that the fall off in demand for cash withdrawals at ATMs may have stabilised, with second quarter volume consistent with March 2015.

"Transactions per ATM in Australasia have not been further impacted by the deployment of the tap and pay technology," the company said.