Diebold Nixdorf

Diebold Nixdorf
Collective: Diebold Nixdorf, IncorporatedUpload: Marsupilami · Public domain · source
Name	Diebold Nixdorf
Type	Public
Traded as	NYSE: DBD
Industry	Financial technology
Founded	1859
Founder	Charles Diebold
Headquarters	North Canton, Ohio
Key people	Gerrard Schmid, Octavio Marquez
Products	ATMs, Point of sale systems, Banking software

Diebold Nixdorf is a leading provider of financial technology and services, founded by Charles Diebold in 1859, with its headquarters in North Canton, Ohio, near Cleveland, Ohio, and Akron, Ohio. The company has a long history of innovation, with early products including safes and vaults for banks such as JPMorgan Chase and Bank of America. Over the years, Diebold Nixdorf has expanded its product line to include ATMs and point of sale systems, used by retailers like Walmart and Target Corporation. The company has also developed strategic partnerships with Microsoft, Oracle Corporation, and SAP SE.

● History

Diebold Nixdorf's history dates back to 1859, when Charles Diebold founded the company in Cincinnati, Ohio, with the goal of providing safes and vaults to banks and other financial institutions, including Federal Reserve System and European Central Bank. In the early 20th century, the company began to expand its product line to include banking equipment, such as check sorting machines and cash handling systems, used by banks like Deutsche Bank and Barclays. In the 1970s and 1980s, Diebold Nixdorf introduced its first ATMs and point of sale systems, which were used by retailers like Kroger and Tesco. The company has also worked with payment processors like Visa Inc. and Mastercard to develop new payment technologies. In 2016, Diebold Nixdorf merged with Wincor Nixdorf, a German-based company, to form the current entity, with Gerrard Schmid as the CEO, and Octavio Marquez as the CFO, and has since expanded its operations to include software development and consulting services for banks like HSBC and Royal Bank of Scotland.

● Products and Services

Diebold Nixdorf offers a wide range of products and services, including ATMs, point of sale systems, and banking software, used by banks like Citigroup and U.S. Bancorp. The company's ATMs are used by banks and credit unions around the world, including Bank of China and Credit Suisse. Diebold Nixdorf's point of sale systems are used by retailers like Home Depot and Lowe's, and its banking software is used by banks like Wells Fargo and PNC Financial Services. The company also offers consulting services and software development for banks and financial institutions, including Federal Reserve System and European Central Bank, and has worked with technology companies like IBM and Hewlett Packard Enterprise to develop new financial technologies. Additionally, Diebold Nixdorf has partnered with payment processors like American Express and Discover Financial Services to develop new payment solutions.

● Corporate Affairs

Diebold Nixdorf is a publicly traded company, listed on the NYSE under the ticker symbol DBD, and is headquartered in North Canton, Ohio, near Cleveland, Ohio, and Akron, Ohio. The company is led by Gerrard Schmid, who serves as the CEO, and Octavio Marquez, who serves as the CFO, and has a diverse board of directors, including representatives from Goldman Sachs and Morgan Stanley. Diebold Nixdorf has operations in over 130 countries around the world, including United States, Canada, Mexico, Brazil, China, Japan, and India, and has strategic partnerships with companies like Accenture and Deloitte. The company is also a member of the Financial Services Roundtable and the National Retail Federation, and has worked with regulatory agencies like Federal Reserve System and Securities and Exchange Commission to develop new financial regulations.

● Controversies

Diebold Nixdorf has been involved in several controversies over the years, including allegations of voting machine tampering and security breaches, which have been investigated by regulatory agencies like Federal Election Commission and Federal Trade Commission. In 2004, the company was accused of voting machine tampering in the United States presidential election, which was investigated by Congress and Department of Justice. The company has also faced criticism for its business practices, including allegations of price gouging and anti-competitive behavior, which have been investigated by Federal Trade Commission and Department of Justice. Additionally, Diebold Nixdorf has faced cybersecurity threats, including hacking attempts and data breaches, which have been investigated by Federal Bureau of Investigation and National Security Agency.

● Financial Information

Diebold Nixdorf is a publicly traded company, and its financial information is available through its annual reports and SEC filings, which are reviewed by auditing firms like KPMG and Ernst & Young. The company's revenue has grown significantly over the years, driven by the increasing demand for financial technology and services, particularly in emerging markets like China and India. In 2020, the company reported revenue of over $3.5 billion, with a net income of over $100 million, and has a market capitalization of over $2 billion, making it one of the largest financial technology companies in the world, with a presence in over 130 countries, including United States, Canada, Mexico, Brazil, China, Japan, and India. Diebold Nixdorf has also made significant investments in research and development, particularly in the areas of artificial intelligence and blockchain technology, which are being developed in partnership with companies like Google and Amazon Web Services.

Category:Financial technology companies