Diebold CEO Details Strategic Shift

trucking feature
What's Next In Payments®
7:00 AM EST July 15th, 2014

When Diebold CEO Andy W. Mattes took on Diebold’s executive role in early 2013, he faced a company with expensive plans, a recently fizzled building project and a massive need for what he called a big “kickstart.”

After taking over, Mattes introduced a program last fall dubbed “crawl, walk, run.”

According to Mattes, the company needed a rebuilding process to strengthen its foundation, and over the last year under Mr. Mattes leadership, Diebold has rebuilt its company’s foundation.

The Company has invested $100 million this year to upgrade systems and operations—funding that has largely come from saving programs within the business. The company has also seen internal technological innovations that have brought all back-office operations on the same page globally.

“It’s invigorating to see that what started out as a chart is turning into activity, which is turning into things that we can measure,” he said to Canton Rep.

The new direction has also required that Diebold leave some ventures behind.  Diebold has recently sold its check-imaging subsidiary Diebold Eras Inc., to Los Angeles-based CheckAlt.

The back-office check-imagine subsidiary was not central to Diebold’s business and was officially sold off to CheckAlt in early June—though the financial details of the deal have yet to be disclosed.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

 

Comments
Also by This Author
What's Hot
News
Staples Breach Hit 1.16 Million Payment Cards
Loyalty & Rewards
Go, Teller, On The Mountain (Of Stats) That Mobile’s Less Loyal
News
Would You Like Beacons With That?
News
PayPal Here Gets New U.K. Partner
View All Articles ››
You May Also Like
Alternative Financial Services
What Payments Players Want Under The Tree
Controversial
New York Chief Regulator Cuts Bitcoin Startups Some Slack
Company Spotlight
How Tokenization Will Transform The “Holy Trinity” Of Payments
Company Spotlight
Who Will Lead And Lag In 2015?
View All Articles ››