The ATM revenue of DC Payments is on the wane in Australia due to the popularity of contactless payments.Canadian bank DirectCash yesterday reported ATM transaction revenue of A$23.2 million over the March 2016 quarter, a fall of eight per cent from the same quarter in 2015. This fall in transaction fee revenue is around twice the rate of decline in ATM use of machines owned by independent operators such as DC.A small rise in revenue from managed services helped offset this fall.DC Payments lifted the number of automatic teller machines it operates in Australia by 231 ATMs, or three per cent, following its takeover in February 2016 of the fleet owned by GRG International and the mid 2015 purchase of  OneCash.Product development is one antidote to pressure on revenue.DC said it reached agreement "with an Australian financial institution which will enable the prepaid offering in Australia to commence in 2016."In said that in December 2015, it launched DC TAG in Australia, a wearable prepaid debit card using Visa tap and pay technology.