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58-410: Diebold Nixdorf is an American multinational financial and retail technology company that specializes in the sale, manufacture, installation and service of self-service transaction systems (such as ATMs and currency processing systems), point-of-sale terminals , physical security products, and software and related services for global financial, retail, and commercial markets. Currently Diebold Nixdorf

116-546: A "dual-sided, self-service ATM that can serve two customers at the same time," with videoconferencing also available for help with complex transactions. The philanthropic arm of Diebold, Inc., The Diebold Foundation, has supported a number of non-profits, including local branches of Meals on Wheels , as well as the Group Plan Commission to support the redevelopment of Cleveland's Public Square . Technology company According to Fortune , as of 2020 ,

174-708: A Diebold cash machine prototype at the annual meeting of the American Bankers Association in San Francisco, CA. Then in July 1970, Daniel Maggin, chairman of the board, accompanied Koontz to England with the specific purpose of meeting (without prior notice) with Chubb ’s Managing Director, William E. Randall. Diebold wanted exclusivity to distribute Chubb’s cash machines throughout the USA. The Chubb units, however, were found somewhat disappointing by

232-575: A company for the first time in a single year. The InterBold partnership was dissolved on January 19, 1998, when Diebold purchased IBM's share of the partnership for $ 16.1 million. In the 1990s the company significantly diversified its products, and by 1998 was offering "automated teller machines, electronic and physical security equipment, automated medication dispensing systems, software, supplies and integrated systems solutions." Under Diebold chairman and CEO Robert Mahoney, Diebold debuted an ATM in 1999 that identified customers using iris recognition , which

290-723: A former CFO for Ford Motor Company , assumed oversight of Diebold until a new CEO could be selected. Andy W. Mattes, a former Hewlett-Packard and Siemens executive, was appointed Diebold's new president and CEO in June 2013. Diebold debuted new ATM models in 2013, and also "increased its cash dividend for the 60th consecutive year." In 2013, Diebold was charged with violating the Foreign Corrupt Practices Act , after international division leaders and Diebold agents were alleged to have provided "improper gifts" to officials overseas. The Justice Department agreed to drop

348-583: A lawsuit brought by the SEC alleging deceptive accounting between 2002 and 2007, several Diebold executives paid settlements in June 2010 to have the charges dropped, without admitting any liability. Other executives refused to settle. By 2011, Diebold was the largest manufacturer of ATMs in the United States. The company debuted a prototype of the first virtualized ATM that year, which was created jointly with VMware and used cloud technology . In 2011, Diebold

406-678: A net income of $ 1.7 million in 1959. On April 27, 1964, Diebold went public on the New York Stock Exchange with the ticker symbol NYSE :  DBD . In 1965 Diebold began offering pneumatic tube delivery systems to diverse institutions including banks and post offices. Still involved in safes and vaults, in 1968 the First National Bank of Chicago purchased the world's largest double vault doors from Diebold. Diebold subsequently began offering computer-controlled security and surveillance systems in 1970. Between

464-587: A new federally chartered bank that could take advantage of the National Banking Act of 1863, which allowed national banks to exist along with state-chartered institutions for the first time. First Chicago received National Bank charter No. 8. The new bank known as The First National Bank of Chicago, or The First, grew steadily in the 1860s, financing the American Civil War . The First merged with Union National Bank in 1900 and with

522-475: A safe for the President of Mexico . Diebold debuted manganese steel doors marketed as TNT -proof in 1890, and in 1921, Diebold sold the world's largest commercial bank vault to Detroit National Bank. Diebold became a publicly traded company in the 1930s. Also around that time, Diebold introduced a "robbery-deterrent system for banks that flooded the bank lobby with tear gas " to help deal with robbers such as

580-449: A staple of the company for many decades. Over the years Diebold has developed a number of products involved with automated dispensation, for example automated teller machines , movie vending machines , airline ticket vending machines, and credit-card activated gas pumps . In 1965 Diebold began "offering pneumatic tube delivery systems to banks, hospitals, post offices, libraries, office buildings" and many other industrial facilities. In

638-405: Is currently the largest provider of ATMs in the United States. Diebold Nixdorf was founded when Diebold Inc. acquired Germany's Wincor Nixdorf in 2016. It is estimated that Wincor Nixdorf controls about 35 percent of the global ATM market. On June 1, 2023, Diebold Nixdorf filed for Chapter 11 bankruptcy , saying it reached an agreement to restructure and reduce its debt by $ 2.1 billion. Its stock

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696-652: Is headquartered in the Akron - Canton area with a presence in around 130 countries, and the company employs approximately 23,000 people. Founded in 1859 in Cincinnati, Ohio as the Diebold Bahmann Safe Company, the company eventually changed its name to Diebold Safe & Lock Company. In 1921, Diebold Safe & Lock Company sold the world's largest commercial bank vault to Detroit National Bank. Diebold has since branched into diverse markets, and

754-454: Is known for designing, manufacturing, and servicing numerous product lines related to automated service. By 1998, the company offered " automated teller machines , electronic and physical security equipment, automated medication dispensing systems, software, supplies and integrated systems solutions," among other products and services. Diebold was founded in 1859 as a manufacturer of safes and bank vaults , and bank safes and vaults would prove

812-745: The Big Five multinational technology companies based in the United States. These five technology companies dominate major functions, e-commerce channels, and information of the entire Internet ecosystem. As of 2017, the Big Five had a combined valuation of over $ 3.3 trillion and make up more than 40 percent of the value of the Nasdaq-100 index. Many large tech companies have a reputation for innovation, spending large sums of money annually on research and development . According to PwC 's 2017 Global Innovation 1000 ranking, tech companies made up nine of

870-722: The Charters of Freedom (the US Constitution , Bill of Rights , and Declaration of Independence ) for the US National Archives in Washington, D.C. In February 2002, Diebold announced it would acquire the financial self-service assets of the European companies Getronics NV and Groupe Bull for approximately US$ 160 million. The agreement put Diebold near "$ 2 billion in revenue on an annualized basis." By

928-522: The M2 Scout car model. In 1943, Diebold Safe & Lock Company changed its name to Diebold, Incorporated, in an effort to reflect the company's increasing diversification of products. The prohibition agent Eliot Ness was on the Diebold board from 1944 until 1951, and in 1952 Raymond Koontz was named Diebold's president, after first joining Diebold as an assistant to the president in 1947. Diebold earned

986-718: The National Bank Holiday of 1933 . In 1903, the First opened the First Trust and Savings Bank which provided savings accounts to individual customers. First Trust and Savings Bank merged with Union Trust Company in 1928 to become the First Union Trust and Savings Bank. During the Great Depression, the First would absorb First Union Trust and Savings Bank's customers and operations. The bank

1044-945: The San Francisco Bay Area , Silicon Wadi in Israel , Silicon Docks in Dublin , Silicon Hills in Austin , Tech City in London ; Digital Media City in Seoul , Zhongguancun in Beijing , Cyberjaya in Malaysia and Cyberabad in Hyderabad , India . First National Bank of Chicago First Chicago Bank was a Chicago , United States-based retail and commercial bank tracing its roots to 1863, when it received one of

1102-671: The 10xx series. InterBold , the ATM sales and marketing arm of Diebold, introduced a number of ATMs in the early 1990s. In 1999, Diebold debuted an ATM that identified customers using iris recognition , which was the first of its kind. Diebold also introduced the first talking ATM in the United States that year, which was installed on October 1, 1999, in San Francisco's City Hall . In July 2002 Diebold introduced its 3030 Bulk Cash Recycler Model (BCRM), and in 2003, Diebold launched its Opteva line of ATMs. On December 8, 2014, Diebold debuted

1160-401: The 1980s, CEO Barry F. Sullivan , formerly with Chase Manhattan Bank , was able to turn around the bank in the early 1980s. Additionally First Chicago's private equity operations proved highly successful and served the incubator for a number of successful independent private equity groups. Stanley Golder , who built the group in the 1970s left the bank in 1980 to found GTCR . In the 1990s,

1218-401: The 20 most innovative companies in the world, with the top R&D spender (as measured by expenditure) being Amazon, followed by Alphabet Inc., and then Intel. As a result of numerous influential tech companies and tech startups opening offices in proximity to one another, a number of technology districts have developed in various areas across the globe. These include: Silicon Valley in

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1276-499: The 3500 and 3700 ATM series, both of which handle cash recycling among other functions. On October 25, 2015, Diebold publicly debuted two new ATM concepts at the Las Vegas Money20/20 show. The first model Irving, which was undergoing testing by Citigroup at the time, allows customers to withdraw money with an iris scan , removing the need for a card. The second ATM concept, titled Janus, was described by Fortune as

1334-653: The Brazilian online banking company Gas Tecnologia, which protects around 70% of the internet banking transactions in Brazil. On October 25, 2012, the company announced it was suspending plans to build a new world headquarters in Green, Ohio , saying it was no longer economically feasible. CEO and President Thomas Swidarski resigned in January 2013 after pressure from the board over poor financial performance. Henry D.G. Wallace,

1392-583: The Metropolitan National Bank in 1902. At the beginning of the twentieth century, noted investors in the bank include J. Pierpont Morgan , James Stillman , Jacob H. Schiff , E. H. Harriman , and Marshall Field . In 1913, The First became a charter member of the Federal Reserve system. The First survived the depression, even acquiring Foreman State Banks in 1931 and was able to open its doors without regulatory delays following

1450-643: The North American aspects of its electronic security business to Securitas in October 2015. Based in Stockholm , Securitas purchased the assets for US$ 350 million. On October 25, 2015, Diebold publicly debuted two new ATM concepts. The first model, Irving, allows customers to withdraw money with an iris scan instead of a card, while the second concept, titled Janus, was described by Fortune as "a dual-sided, self-service ATM that can serve two customers at

1508-502: The US market. After repeated failures and a limited availability of spare parts and service engineers, Diebold's staff and customers thought the Chubb devices did not meet their service expectations. Not surprisingly Diebold finally stopped distributing Chubb devices in 1973 and at the same time, decided to develop and eventually launch its own Total Automatic Banking System (TABS) 500. This device

1566-504: The bank failed and the bank struggled through the end of the 1970s, suffering from highly speculative bets on interest rates. Expansion beyond a single retail banking location was hindered for years. Not only was Illinois one of the last states to allow branch banking, but for years it did not allow holding companies to own more than one bank. First Chicago was not able to open its first branch bank until 1977, when banks were allowed to open two limited banking facilities within 1,500 feet of

1624-548: The bank moved into a new skyscraper in the Loop in Chicago (originally called First National Plaza, it is now known as Chase Tower ). The bank grew consistently through the early 1970s, however, the bank's growth undermined its underwriting standards. By the end of 1975 and the beginning of 1976, non-performing loans at First Chicago had reached twice the national average for commercial banks at roughly 11% of all loans. Efforts to fix

1682-1184: The board. Eckard Heidloff was elected as his replacement. Diebold Nixdorf markets its products and services in diverse industries, including the financial, commercial, and retail spheres. The company is split into three regional divisions including the Americas (including North America and Latin America), and the Asia Pacific. The Middle East, Europe, and Africa divisions operate as one segment. Beyond designing and producing its own physical product lines, according to Bloomberg Diebold provides services involving "installation and ongoing maintenance of products, remote services , availability management, branch automation, and distribution channel consulting; and outsourced and managed services , such as remote monitoring , troubleshooting, transaction processing , currency management, maintenance services, and online communication services." The company also engages in project analysis for clients, as well as systems integration and architectural engineering. Diebold Nixdorf

1740-671: The charges if Diebold complied with various terms, including 18 months of compliance monitoring and a $ 48 million settlement. Diebold announced that it was buying the Danish PIN pad maker Cryptera in June 2014. Under the agreement, Cryptera remained a separate business operating under Diebold, and also remained an "original equipment manufacturer of EPP devices for Diebold and other existing customers." In July 2014, Diebold introduced its ActivEdge card reader, which it claims "prevents all known forms of skimming [ATM crime] ." Diebold's revenue in 2014 equaled US$ 3.05 billion, an increase from

1798-514: The division was sold to a competitor, Election Systems & Software . Wired Magazine reported in 2007 that an editor using a Diebold IP address had removed negative information from the Diebold Misplaced Pages page, with the information later moved to a more appropriate location . Diebold was increasingly focusing on technology related to mobile banking as of 2008, incorporating mobile banking into many of its products. That year Diebold

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1856-419: The early 1950s and the late 1970s, Diebold's annual revenue increased from US$ 229 million to $ 451 million. These results were in no small measure the consequence of the successful strategies by Diebold's president Raymond Koontz. In the early 1970s, Koontz began pushing the company into the then emerging market for automated teller machines . This drive was evident as early as 1966, when Richard Glyer demonstrated

1914-469: The early 1990s and sought out a merger with the National Bank of Detroit , which at the time was the 18th largest bank in the US (First Chicago was the 10th largest bank). The $ 5 billion merger, completed in 1995, created First Chicago NBD Corporation , the 7th largest bank in the US with $ 72 billion of assets, and was also a leader in the issuance of credit cards. While NBD was the nominal survivor,

1972-706: The end of 2002, Diebold had 13,000 associates and serviced 88 countries. The company also continued to secure historical items such as the Hope Diamond at the Smithsonian Institution . Seeking to expand in India, at the end of 2002, Diebold announced a new production unit in Goa manufacturing ATMs in collaboration with Tata Infotech, and soon after announced a new corporate office in Mumbai . Revenue in 2003

2030-453: The first charters under the then new National Bank Act . Over the years, the bank operated under several names including The First National Bank of Chicago and First Chicago NBD (following its 1995 merger with the former National Bank of Detroit ). In 1998, First Chicago NBD merged with Banc One Corporation to form Bank One Corporation , today a part of Chase . On July 1, 1863, banker Edmund Aiken and his partners invested $ 100,000 to found

2088-641: The global ATM market. The combined company would have registered offices in North Canton, Ohio, and be operated from headquarters in North Canton and Wincor Nixdorf's facilities in Paderborn, Germany . Software development for the new company would take place in North America, with Diebold citing their Phoenix Interactive Design subdivision based in Ontario , Canada. Diebold announced it had satisfied

2146-491: The infamous John Dillinger . In 1936, Diebold expanded its product lines by acquiring companies specializing in products such as paper-based filing systems, and it began developing armor plate for military tanks that year. Between 1939 and 1945, Diebold devoted 98 percent of its activities to the war effort . Among other projects, during World War II Diebold employed around 2,900 workers and "sold $ 65 million in armor plate for more than 36,000 US Army scout cars," particularly

2204-570: The main office. Unlike its rivals, First Chicago waited two years before making its first bank purchase after the Illinois legislature began to allow holding companies to own more than one bank in 1981. In 1984, First Chicago purchased American National Corporation, the holding company for American National Bank and Trust Company of Chicago, another bank located in the Loop, from Walter E. Heller International Corporation for $ 275 million. During

2262-961: The mid-1990s Diebold created its MedSelect Systems division, which introduced an automated drug dispensing system in 1995. Diebold has developed a number of physical and electronic security products, and in recent years has been contracted to protect the World Trade Center Transportation Hub , the Hope Diamond at the Smithsonian Institution , and the United States Constitution , among other notable artifacts and landmarks. The company no longer engages in specialized physical security projects, and has since sold its North America-based electronic security business in October 2015. For ATM security, Diebold introduced its ActivEdge card reader in 2014, which it describes as "the industry's first complete anti-skimming card reader prevents all known forms of skimming –

2320-460: The most prevalent type of ATM crime – as well as other forms of ATM fraud." Diebold branched into the emerging market for automated teller machines (ATMs) in the early 1970s, and has since debuted numerous ATM product lines. Diebold's Total Automatic Banking System 500 (TABS 500) product was revealed in 1972. Another early ATM created by Diebold was the Diebold 10xx , introduced in 1985 as part of

2378-482: The name of the geographical location. Illinois law did not permit the merger of most of the acquired banks into the First National Bank of Chicago until as late as 1993. To strengthen its credit card business, First Chicago acquired Delaware-based Beneficial National Bank USA in 1987 and renamed it FCC National Bank. First Chicago once again began to suffer from the quality of its loan portfolio in

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2436-485: The north Chicago-based Ravenswood Financial Corp. for $ 55.1 million. Ravenswood Financial's only bank was renamed First Chicago Bank of Ravenswood. First Chicago also acquired the Winnetka -based Winnetka Bank for $ 21.6 million in stock. In 1993, First Chicago acquired Lake Shore Bancorp, another Chicago-based bank holding company, $ 323 million. Most of the acquired banks were named First Chicago Bank of followed by

2494-599: The only undamaged property in the Great Chicago Fire of 1871, and the following year Diebold moved its operations and headquarters to Canton to meet increased demand. In 1874, Diebold was contracted to build the world's largest safe, to be installed in the San Francisco branch of Wells Fargo . In 1876, after becoming incorporated in Ohio , the company changed its name to Diebold Safe & Lock Company. Diebold secured its first international sale in 1881, when it built

2552-439: The same time." In June 2015, Diebold was reportedly in talks to acquire its German rival Wincor Nixdorf . with the new company to be named Diebold Nixdorf. On November 23, 2015, Diebold Incorporated and Wincor Nixdorf AG entered into a business combination agreement, with Diebold offering $ 1.8 billion in cash and shares to finance the acquisition. Combined, it was estimated that the two companies would control about 35 percent of

2610-419: The share tender condition to acquire Wincor Nixdorf on March 24, 2016. On August 15, 2016, it was announced that the acquisition had been completed, with Diebold Nixdorf beginning operations under the name Diebold Nixdorf on August 16. Founded by Heinz Nixdorf , Nixdorf Computer was formed in 1952. In 1990, the company was purchased by Siemens AG and renamed Siemens Nixdorf Informationssysteme . The company

2668-673: The team, led by John Canning Jr. would spin out of First Chicago to form private equity firm Madison Dearborn . Midwestern private equity firm, Primus Capital was also founded by First Chicago private equity alumni. First Chicago began to expand for the first time into the northwest suburbs of Chicago with the acquisition of the Arlington Heights -based First United Financial Services, a bank holding company with five banks, in 1987. The following year, First Chicago entered DuPage County by acquiring Gary-Wheaton Corp., another bank holding company. In 1989, First Chicago acquired

2726-551: The ten largest technology companies by revenue are: Apple Inc. , Samsung , Foxconn , Alphabet Inc. , Microsoft , Huawei , Dell Technologies , Hitachi , IBM , and Sony . Amazon has higher revenue than Apple, but is classified by Fortune in the retail sector. The most profitable listed in 2020 are Apple Inc., Microsoft, Alphabet Inc. , Intel , Meta Platforms , Samsung , and Tencent . Apple Inc., Alphabet Inc. (owner of Google ), Meta Platforms (owner of Facebook ), Microsoft, and Amazon.com, Inc. are often referred to as

2784-494: The world's ATMs sold worldwide. Diebold partnered with IBM on InterBold in 1990, a joint venture chiefly formed to provide self-service products for the financial industry. Under the terms of the joint venture, Diebold marketed their combined ATM lines in the US, while IBM marketed them abroad. By September 1995, Diebold was making over half of the ATMs used in the United States. In 1996, Diebold generated US$ 1 billion in revenue as

2842-509: The year before. Operating income equaled $ 117.0 million, net income equaled $ 114.4 million, and assets totaled $ 2.34 billion. As of 2014, Diebold held the record for consecutive dividend increases in its stock value. In March 2015, Diebold acquired the Canadian ATM software company Phoenix Interactive Design. Based in London, Ontario , Phoenix was known for working with clients such as TD Canada Trust and Fifth Third Bank . Diebold sold

2900-548: Was $ 2.1 billion for Diebold overall, with stock up 36% for the year. In 2002, Diebold entered the United States elections industry through the acquisition of Global Election Systems, a producer of touch-screen voting technology based in McKinney, Texas . Branded Diebold Election Systems (DES), the acquisition was their smallest business segment, and in late 2002, 3.7 million voters in Georgia used DES touch-screen stations. DES

2958-493: Was active in the sale of War Bonds during World War II . During the 1950s and 1960s the First expanded both in the Midwestern US as well as abroad, opening offices in London (1959), Tokyo (1962) and later Beijing (1980). In 1969 the bank was reorganized as the primary subsidiary of the new First Chicago Corporation , a newly formed bank holding company. First Chicago was used as a brand name starting in 1969 and

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3016-653: Was also delisted from the New York Stock Exchange. In August 2023, Diebold Nixdorf emerged from Chapter 11 bankruptcy and rejoined the NYSE. Diebold was founded in 1859 in Cincinnati, Ohio as the Diebold Bahmann Safe Company. Under the leadership of founder Charles Diebold , a German immigrant , the company's 250 initial employees began manufacturing safes and bank vaults out of a factory in Canton, Ohio . Diebold states that 878 of its safes protected some of

3074-442: Was developed by Robert W. Clark, Phillip C. Dolsen and Donald E. Kinker, and first installed in 1974. Diebold's Event (alarm) Monitoring Center opened in 1985, allowing Diebold to monitor its "ATMs, kiosks, facilities and operations" full-time from a singular facility. Robert Mahoney was appointed company CEO in 1985. Koontz retired as chairman in 1988, although he continued to serve on the board. In 1989, Diebold shipped 12 percent of

3132-554: Was hired to implement "advanced security solutions" at the World Trade Center Transportation Hub . Also that year, SDM Magazine named Diebold its 2011 Systems Integrator of the Year. In 2012, Diebold debuted what it claims is the "world's first 4G LTE -enabled ATM concept," as well as "two-way concierge video services" to its ATMs. After acquiring around 4,400 ATMs from Toronto-Dominion Bank in 2012, in September 2012, Diebold acquired

3190-427: Was re-focused exclusively on its current product set in 1998 and renamed Siemens Nixdorf Retail and Banking Systems GmbH. Following a buyout by Kohlberg Kravis Roberts and Goldman Sachs Capital Partners on October 1, 1999, the company was renamed Wincor Nixdorf. The company was taken public May 19, 2004 with a successful IPO. On November 8, 2006, chief executive officer Karl-Heinz Stiller announced his resignation from

3248-606: Was selected to be the sole ATM provider at certain Beijing Olympics venues. In March 2008, United Technologies Corporation (UTC), a large engineering and defense conglomerate, announced it had made a $ 2.63 billion bid to buy Diebold, which was later rejected as too low. In October 2008, UTC announced it was breaking off acquisition talks after Diebold rejected the offer. The company had 17,000 workers worldwide by April 2009. In 2009 Bank Technology News ranked Diebold as No. 1 on its FINTECH 100 list of ATM providers. After

3306-739: Was soon the subject of controversy amid allegations surrounding the security and reliability of some of its products , as well as the political fundraising activities of Diebold's then-CEO Walden O'Dell in 2003. Critics argued O'Dell had a political conflict of interest which could compromise the security of Diebold's ballots, which O'Dell denied. Shortly afterwards, Diebold forbade its top executives from making political donations. Citing personal reasons, O'Dell resigned in December 2005 after several consecutive quarters of poor performance, with his role taken by Tom Swidarski. In August 2007, DES rebranded itself as Premier Election Solutions, and two years later

3364-483: Was the first of its kind. Also that year, Diebold introduced the first talking ATM in the United States. In October 1999, Diebold acquired all the stock of Procomp Amazonia Industria Electronica, S.A, a manufacturer of retail and banking automation equipment such as ATMs based in Sao Paulo, Brazil . In 2001, Diebold acquired Mosler Safe Company in bankruptcy court and took over their operations, including securing

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