DC Payments hit by falling ATM usage
Canadian ATM operator DC Payments, which runs more than 6000 machines in Australia and New Zealand, is faced with falling ATM usage in the Australasian market.In its 2013 financial report, released last week, DC Payments said average monthly transactions in Australasia during the December quarter were down five per cent from the same period in 2012.The average number of transactions fell from 723 a month in the December quarter 2012 to 687 a month during the December quarter last year.The gross profit per ATM fell from A$2704 to $2665 over the same period.DC Payments, which operates as DirectCash, bought Customers Ltd in 2012. In the middle of last year it increased the user fee for its Australian ATMs from $2.50 to $2.80 per transaction, making it the most expensive ATM network in the country. This may account for the fall in transaction numbers.DC Payments also operates ATM networks in North America and Europe. The Australasian division contributed C$66.2 million of gross profit to the group's total gross profit of C$121.4 million.