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Nautilus Hyosung America

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uuid00079f1

Namestring
Nautilus Hyosung America
Legal namestring
Hyosung TNS Inc.
Company typeenum
Private
Founded yearint
1979
Descriptiontext

Hyosung TNS Inc., operating as Hyosung Americas, is the North American subsidiary of Korean financial technology company Hyosung, headquartered in Irving, Texas. The company manufactures ATMs, banking kiosks, cash recyclers, and video-enabled banking solutions for US financial institutions, retail operators, and gaming/hospitality venues. Its product portfolio spans multiple ATM hardware tiers — Retail ATM Series, X Series, and Series 4 through Series 9 — alongside the Cajera Series and MS500 TCR cash recyclers for teller and cashier operations, and the Connect Series for video-enabled remote banking. All hardware is unified under the BlueVerse software platform, a customizable and interoperable suite designed to connect physical banking infrastructure with digital channels. The company also offers ATM-as-a-Service, a managed services model that allows financial institutions to deploy ATM solutions on an operational expenditure basis rather than capital purchase.

The company generates revenue through four primary streams: ATM hardware sales, cash recycler hardware sales, BlueVerse software licensing, and managed services. Its go-to-market combines direct enterprise field sales to large financial institutions with a channel network of authorized ATM dealers managed via a PartnerPortal platform. Customer segments are organized vertically, with banks and credit unions as primary buyers for branch transformation and video-enabled teller solutions, retail operators as primary buyers for cash access and cash management, and gaming/hospitality venues as a secondary segment for cash recycling. Pricing is quote-based with no public disclosure, reflecting enterprise B2B contract structures.

Hyosung Americas is identified as one of four key global vendors — alongside NCR Atleos, Diebold Nixdorf, and Giesecke+Devrient — in the Bank Kiosk Ecosystem Market, valued at $12.84B in 2025 and projected to reach $20.91B by 2032. The company employs 501-1,000 staff and operates as a privately held subsidiary. Strategic emphasis is on integrating physical ATM infrastructure with digital banking channels, with stated AI initiatives spanning generative AI, predictive analytics, and autonomous agents applied to next-generation ATM functionality. Leadership includes CEO Kunoh Kim, Chief Revenue Officer Chris King, and Software Engineering Manager William Ward.

Short descriptiontext

Hyosung Americas (Hyosung TNS Inc.) manufactures ATMs, cash recyclers, and video banking solutions for US banks, credit unions, retail operators, and gaming venues, unified under the BlueVerse software platform with managed service options.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersIrving, United States
HQ citystring
Irving
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
ATM manufacturing, cash management solutions, banking kiosks, cash recyclers, video banking solutions
Industry1 code
1ATM Deployers & Managed ATM Services (IAD/ISO)
CodeFSAMAOACPrimaryYes
NAICS code1 code
  • Computer Terminal and Other Computer Peripheral Equipment Manufacturing334118
Product category
ATM Manufacturing & Cash Management Solutions
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1ATM Hardware Sales
TypeHardware Sales
Description

Sale of ATMs and banking kiosks across multiple series (Retail, X, Series 4-9) to financial institutions and retail environments

hyosungamericas.com
2Cash Recycler Products
TypeHardware Sales
Description

Sale of teller and cashier cash recycler products including Cajera Series and MS500 TCR Series

hyosungamericas.com
3Software Licensing (BlueVerse)
TypeLicensing Royalties
Description

Customizable and interoperable software suite licensing for banking and retail experiences

hyosungamericas.com
4Managed Services / ATM-as-a-Service
TypeManaged Services
Description

Managed services offering for ATM deployment, operation, and maintenance

hyosungamericas.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 3 records shown
1BlueVerse Software
Description

A customizable, interoperable software suite that improves banking and retail experiences by ensuring seamless connection of physical and digital experiences.

hyosungamericas.com
+2 more records
Core offering1 text field

Nautilus Hyosung America designs, manufactures, and supports ATMs and banking kiosks (Retail ATM, X, Series 4-9), teller and cashier cash recyclers (Cajera Series, MS500 TCR Series), video-enabled banking solutions (Connect Series), and the BlueVerse interoperable software platform that connects physical and digital banking experiences. The company also offers ATM-as-a-Service managed deployment and maintenance for financial institutions and retail environments.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Hyosung Americas provides an integrated portfolio of ATM hardware, cash management solutions, and video banking technology. The core offering includes multiple ATM series (Retail ATM Series, X Series, Series 4 through Series 9) spanning from entry-level to premium configurations. Cash recycling is addressed through the Cajera™ Series and MS500 TCR Series. Video-enabled services are delivered via the Connect Series. All hardware is unified under the BlueVerse Software platform, which provides customizable and interoperable software connecting physical and digital experiences. The company also offers ATM-as-a-Service managed services for institutions preferring operational expenditure over capital investment.

Product and service12 records
1Retail ATM Series
CategoryATM Hardware
Description

ATM machines designed for retail environments, providing convenient cash access and automated banking services outside traditional financial centers.

2X Series ATMs
3Series 4 ATMs
4Series 5 ATMs
5Series 7 ATMs
6Series 8 ATMs
7Series 9 ATMs
8Cajera Series Cash Recyclers
9MS500 TCR Series
10Connect Series Video Banking
11BlueVerse Software
12ATM-as-a-Service
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

NCR Atleos is the ATM and self-service banking spin-off of NCR and is named alongside Hyosung as one of four key vendors in the global Bank Kiosk Ecosystem Market. It is the most direct head-to-head competitor across ATM hardware, software, and managed ATM services for financial institutions.

TypeDirect peer
Description

Diebold Nixdorf is a long-standing global ATM and banking self-service manufacturer and one of the four key vendors identified alongside Hyosung in the $12.84B Bank Kiosk Ecosystem Market. It competes directly with Hyosung across ATM hardware, software, and branch transformation deployments.

TypeDirect peer
Description

G+D provides banknote processing, cash-cycle, and ATM/security solutions and is the fourth key vendor called out alongside Hyosung in the Bank Kiosk Ecosystem Market. It overlaps directly with Hyosung in ATMs, cash recyclers, and bank-branch cash management offerings.

TypeDirect peer
Description

GRG Banking is one of the largest ATM hardware manufacturers globally, with growing international footprint, and competes with Hyosung across ATM hardware and self-service banking solutions for retail banks and retail deployers.

TypeDirect peer
Description

OKI is a Japanese ATM manufacturer with a long-standing global ATM business (ATM-J) serving financial institutions and retail cash access, competing head-to-head with Hyosung's ATM hardware and cash recycler portfolio.

TypeDirect peer
Description

Triton is a US-based ATM manufacturer serving financial institutions, retail, and ISO/deployer channels with hardware and management software. It competes directly with Hyosung's ATM series in retail, convenience, and small-bank segments.

TypeEmerging player
Description

Source Technologies designs and manufactures ATMs, kiosks, and self-service hardware for retail and banking, with a smaller installed base than Hyosung. It overlaps on ATM/kiosk hardware and managed-device software for branch and retail deployments.

TypeBroad incumbent
Description

Brink's is a global cash-handling, secure-logistics, and ATM managed-services provider with a broad portfolio that includes ATM outsourcing, cash replenishment, and managed services adjacent to Hyosung's ATM-as-a-Service and cash recycler offerings.

TypeBroad incumbent
Description

Loomis is a global cash-in-transit and cash-management services provider with adjacent ATM and cash-recycler services for banks and retailers, positioning it as a broad incumbent adjacent to Hyosung's cash recycler and managed-services business.

TypeBroad incumbent
Description

NCR Corporation is the parent of NCR Atleos and a broader banking and retail technology incumbent. It competes with Hyosung across the ATM and bank-branch self-service stack as part of a wider portfolio that spans POS, payments, and digital banking software.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability5 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Nautilus Hyosung America

ATM Manufacturing & Cash Management Solutionsglobal.hyosunginnovue.com

Hyosung Americas (Hyosung TNS Inc.) manufactures ATMs, cash recyclers, and video banking solutions for US banks, credit unions, retail operators, and gaming venues, unified under the BlueVerse software platform with managed service options.

What Nautilus Hyosung America does

Hyosung TNS Inc., operating as Hyosung Americas, is the North American subsidiary of Korean financial technology company Hyosung, headquartered in Irving, Texas. The company manufactures ATMs, banking kiosks, cash recyclers, and video-enabled banking solutions for US financial institutions, retail operators, and gaming/hospitality venues. Its product portfolio spans multiple ATM hardware tiers — Retail ATM Series, X Series, and Series 4 through Series 9 — alongside the Cajera Series and MS500 TCR cash recyclers for teller and cashier operations, and the Connect Series for video-enabled remote banking. All hardware is unified under the BlueVerse software platform, a customizable and interoperable suite designed to connect physical banking infrastructure with digital channels. The company also offers ATM-as-a-Service, a managed services model that allows financial institutions to deploy ATM solutions on an operational expenditure basis rather than capital purchase.

The company generates revenue through four primary streams: ATM hardware sales, cash recycler hardware sales, BlueVerse software licensing, and managed services. Its go-to-market combines direct enterprise field sales to large financial institutions with a channel network of authorized ATM dealers managed via a PartnerPortal platform. Customer segments are organized vertically, with banks and credit unions as primary buyers for branch transformation and video-enabled teller solutions, retail operators as primary buyers for cash access and cash management, and gaming/hospitality venues as a secondary segment for cash recycling. Pricing is quote-based with no public disclosure, reflecting enterprise B2B contract structures.

Hyosung Americas is identified as one of four key global vendors — alongside NCR Atleos, Diebold Nixdorf, and Giesecke+Devrient — in the Bank Kiosk Ecosystem Market, valued at $12.84B in 2025 and projected to reach $20.91B by 2032. The company employs 501-1,000 staff and operates as a privately held subsidiary. Strategic emphasis is on integrating physical ATM infrastructure with digital banking channels, with stated AI initiatives spanning generative AI, predictive analytics, and autonomous agents applied to next-generation ATM functionality. Leadership includes CEO Kunoh Kim, Chief Revenue Officer Chris King, and Software Engineering Manager William Ward.

Nautilus Hyosung America firmographics

Firmographics
Name
Nautilus Hyosung America
Legal name
Hyosung TNS Inc.
Website
https://global.hyosunginnovue.com
Company type
Private
Founded year
1979
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Hyosung Americas (Hyosung TNS Inc.) manufactures ATMs, cash recyclers, and video banking solutions for US banks, credit unions, retail operators, and gaming venues, unified under the BlueVerse software platform with managed service options.
Ownership category
akta.pro rank

Nautilus Hyosung America industry classification

Industry
Product category
ATM Manufacturing & Cash Management Solutions
NAICS
Computer Terminal and Other Computer Peripheral Equipment Manufacturing (334118)
akta.pro primary industry
ATM Deployers & Managed ATM Services (IAD/ISO) (FSAMAOAC)

Keywords

  • ATM manufacturing
  • Cash management solutions
  • Banking kiosks
  • Cash recyclers
  • Video banking solutions

Where Nautilus Hyosung America is headquartered

Location

Headquarters

HQ city
Irving
HQ country
United States
HQ region
North America

Markets served

Nautilus Hyosung America business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

  1. ATM Hardware Sales: Sale of ATMs and banking kiosks across multiple series (Retail, X, Series 4-9) to financial institutions and retail environments
  2. Cash Recycler Products: Sale of teller and cashier cash recycler products including Cajera Series and MS500 TCR Series
  3. Software Licensing (BlueVerse): Customizable and interoperable software suite licensing for banking and retail experiences
  4. Managed Services / ATM-as-a-Service: Managed services offering for ATM deployment, operation, and maintenance

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Nautilus Hyosung America product offering

Product offering

Core offering

Nautilus Hyosung America designs, manufactures, and supports ATMs and banking kiosks (Retail ATM, X, Series 4-9), teller and cashier cash recyclers (Cajera Series, MS500 TCR Series), video-enabled banking solutions (Connect Series), and the BlueVerse interoperable software platform that connects physical and digital banking experiences. The company also offers ATM-as-a-Service managed deployment and maintenance for financial institutions and retail environments.

Product overview

Hyosung Americas provides an integrated portfolio of ATM hardware, cash management solutions, and video banking technology. The core offering includes multiple ATM series (Retail ATM Series, X Series, Series 4 through Series 9) spanning from entry-level to premium configurations. Cash recycling is addressed through the Cajera™ Series and MS500 TCR Series. Video-enabled services are delivered via the Connect Series. All hardware is unified under the BlueVerse Software platform, which provides customizable and interoperable software connecting physical and digital experiences. The company also offers ATM-as-a-Service managed services for institutions preferring operational expenditure over capital investment.

Differentiator

Problem solved

Functional benefit

Brands

  • BlueVerse Software: A customizable, interoperable software suite that improves banking and retail experiences by ensuring seamless connection of physical and digital experiences.
  • Cajera Series Cash Recyclers
  • Connect Series

Products and services

  • Retail ATM Series ATM machines designed for retail environments, providing convenient cash access and automated banking services outside traditional financial centers.
  • X Series ATMs
  • Series 4 ATMs
  • Series 5 ATMs
  • Series 7 ATMs
  • Series 8 ATMs
  • Series 9 ATMs
  • Cajera Series Cash Recyclers
  • MS500 TCR Series
  • Connect Series Video Banking
  • BlueVerse Software
  • ATM-as-a-Service

Companies that use Nautilus Hyosung America

Customer profile

Segments3 records

Ideal customer profiles3 records

Nautilus Hyosung America technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Nautilus Hyosung America partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Nautilus Hyosung America competitors and assessment

Company assessment

Direct peers

  • NCR Atleos: NCR Atleos is the ATM and self-service banking spin-off of NCR and is named alongside Hyosung as one of four key vendors in the global Bank Kiosk Ecosystem Market. It is the most direct head-to-head competitor across ATM hardware, software, and managed ATM services for financial institutions.
  • Diebold Nixdorf: Diebold Nixdorf is a long-standing global ATM and banking self-service manufacturer and one of the four key vendors identified alongside Hyosung in the $12.84B Bank Kiosk Ecosystem Market. It competes directly with Hyosung across ATM hardware, software, and branch transformation deployments.
  • Giesecke+Devrient (G+D): G+D provides banknote processing, cash-cycle, and ATM/security solutions and is the fourth key vendor called out alongside Hyosung in the Bank Kiosk Ecosystem Market. It overlaps directly with Hyosung in ATMs, cash recyclers, and bank-branch cash management offerings.
  • GRG Banking: GRG Banking is one of the largest ATM hardware manufacturers globally, with growing international footprint, and competes with Hyosung across ATM hardware and self-service banking solutions for retail banks and retail deployers.
  • OKI (OKI Electric Industry): OKI is a Japanese ATM manufacturer with a long-standing global ATM business (ATM-J) serving financial institutions and retail cash access, competing head-to-head with Hyosung's ATM hardware and cash recycler portfolio.
  • Triton Systems: Triton is a US-based ATM manufacturer serving financial institutions, retail, and ISO/deployer channels with hardware and management software. It competes directly with Hyosung's ATM series in retail, convenience, and small-bank segments.

Emerging players

  • Source Technologies: Source Technologies designs and manufactures ATMs, kiosks, and self-service hardware for retail and banking, with a smaller installed base than Hyosung. It overlaps on ATM/kiosk hardware and managed-device software for branch and retail deployments.

Broad incumbents

  • Brink's: Brink's is a global cash-handling, secure-logistics, and ATM managed-services provider with a broad portfolio that includes ATM outsourcing, cash replenishment, and managed services adjacent to Hyosung's ATM-as-a-Service and cash recycler offerings.
  • Loomis: Loomis is a global cash-in-transit and cash-management services provider with adjacent ATM and cash-recycler services for banks and retailers, positioning it as a broad incumbent adjacent to Hyosung's cash recycler and managed-services business.
  • NCR Corporation: NCR Corporation is the parent of NCR Atleos and a broader banking and retail technology incumbent. It competes with Hyosung across the ATM and bank-branch self-service stack as part of a wider portfolio that spans POS, payments, and digital banking software.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Nautilus Hyosung America social profiles

Digital presence

Nautilus Hyosung America financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Nautilus Hyosung America leadership team

Management profile

Number of profiles

Profiles3 records

Nautilus Hyosung America funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Nautilus Hyosung America M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nautilus Hyosung America

What does Nautilus Hyosung America do?

Nautilus Hyosung America designs, manufactures, and supports ATMs and banking kiosks (Retail ATM, X, Series 4-9), teller and cashier cash recyclers (Cajera Series, MS500 TCR Series), video-enabled banking solutions (Connect Series), and the BlueVerse interoperable software platform that connects physical and digital banking experiences. The company also offers ATM-as-a-Service managed deployment and maintenance for financial institutions and retail environments.

Is Nautilus Hyosung America a public or private company?

Nautilus Hyosung America is a private company. It is classified as corporate owned and is currently operating.

When was Nautilus Hyosung America founded?

Nautilus Hyosung America was founded in 1979. It employs 501 to 1,000 people.

Where is Nautilus Hyosung America based?

Nautilus Hyosung America is headquartered in Irving, United States, in the North America region.

How does Nautilus Hyosung America make money?

Four revenue lines are on record. ATM Hardware Sales are the primary driver. The others are cash Recycler Products, software Licensing (BlueVerse) and managed Services / ATM-as-a-Service.

Who are Nautilus Hyosung America's main competitors?

Direct peers on record are NCR Atleos, Diebold Nixdorf, Giesecke+Devrient (G+D), GRG Banking, OKI (OKI Electric Industry) and Triton Systems. Source Technologies is listed as an emerging player. Broad incumbents are Brink's, Loomis and NCR Corporation.

Does Nautilus Hyosung America have an API?

No public API is recorded for Nautilus Hyosung America.

What industry is Nautilus Hyosung America in?

Nautilus Hyosung America's product category is ATM Manufacturing & Cash Management Solutions. Its primary akta.pro industry code is FSAMAOAC, ATM Deployers & Managed ATM Services (IAD/ISO). Its NAICS code is 334118.

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Live signals
WIREDCash machine hackers are getting better at stealing your moneyResearchers found two vulnerabilities in Nautilus Hyosung ATMs that could allow remote cash dispensing, and Hyosung patched them in September. However, Red Balloon estimates up to 80,000 US ATMs remain vulnerable because operators have not installed the patches. The article notes that remote jackpotting attacks are increasingly common.PR NewswireBranchServ Recognized by Hyosung as Branch Transformation LeaderBranchServ, a division of Custom Vault Corporation, received two awards from Nautilus Hyosung America at their December meeting in Dallas, Texas, including the Trail Blazer Award for leadership in promoting and implementing core connected ATMs, and the Waste Management Award for sales and installation of recycling ATMs. Hyosung also launched its new 8300 series of recycling ATMs at the event. The companies expressed optimism about their partnership driving significant results for both organizations and their customer base in 2020.BloombergNautilus ATM Flaws Could Allow Hackers Access to Cash, Data - BloombergSecurity researchers from Red Balloon Security Inc. identified two vulnerabilities in ATMs manufactured by Nautilus Hyosung America Inc. that could allow hackers to steal cash and customer data. The flaws enable attackers with network access to gain full control of the machines, which are widely used across the United States.PR NewswireDiebold Nixdorf Prevails In Federal Circuit Appeal, Invalidating Nautilus Hyosung's Sole Patent In Its DisputeDiebold Nixdorf announced that the U.S. Court of Appeals for the Federal Circuit reversed a decision by the International Trade Commission and invalidated Nautilus Hyosung's sole remaining patent in their dispute, ruling U.S. Patent No. 8,523,235 (related to certain ATMs with Diebold Nixdorf's ActivMedia™ module) invalid and unenforceable. Hyosung had dismissed three other patents earlier after Diebold Nixdorf provided evidence that Hyosung had copied technology already introduced by Diebold Nixdorf and other manufacturers. Diebold Nixdorf stated it intends to seek damages in a jury trial in U.S. District Court for Hyosung's infringement, and the parties may appeal the Federal Circuit's decision to the U.S. Supreme Court.PR NewswireGivePay Gift Card Mall - Coming soon to an ATM near youGivePay Commerce has signed definitive agreements with Nautilus Hyosung, GenMega, and Triton—the largest and leading ATM manufacturers globally—to introduce the GivePay Gift Card Mall at thousands of ATMs, launching in Q2 2018. The platform enables ATM customers to send digital gift cards via text or pay wireless accounts in real-time, with no hardware or upfront cost required for ATM operators. GivePay will demonstrate the platform at the ATMIA conference in Las Vegas, Nevada from February 6–8, positioning the service as a new revenue stream for ATM portfolios.PR NewswireNautilus Hyosung America Partners With Extraco Banks and Extraco Consulting to Deliver the Next Evolution in Banking With Core IntegrationNautilus Hyosung America has completed an 18-month branch transformation partnership with Extraco Banks and Extraco Consulting, implementing the MX8800 in-lobby unit and 7800i drive-up ATM with integrated video teller capabilities at Extraco's flagship financial centers in Texas. The solution integrates directly with the core processor, eliminating the costly dual-entry method associated with traditional video banking solutions, and enables customers to conduct transactions including check cashing, loan payments, and account transfers through video-assisted machines. Hyosung, headquartered in Irving, Texas, is the largest ATM provider in the United States and a subsidiary of South Korea-based Hyosung, Inc., while Extraco Banks is an independent financial institution with $1.3 billion in assets serving central Texas.PR NewswireNautilus Hyosung America Wins With ITC Final Determination Confirming Diebold Nixdorf's Infringement of Key Patented TechnologyThe U.S. International Trade Commission issued a final determination on July 14, 2017, confirming that Diebold Nixdorf's ATM products (models 7700, 7780, 7790, and 9900) infringe Hyosung's U.S. Patent No. 8,523,235 related to automated deposit technology. The ITC issued exclusion and cease and desist orders barring Diebold Nixdorf from importing or selling in the U.S. any ATMs containing Hyosung-patented technology. This marks the second ITC ruling in Hyosung's favor in this patent dispute, with the company stating its intention to ensure proper enforcement of the ruling.PR NewswireNautilus Hyosung America Defeats Diebold Nixdorf in Patent LawsuitThe International Trade Commission issued a final determination in favor of Nautilus Hyosung America, rejecting Diebold Nixdorf's infringement claims on four of six patents while confirming Hyosung's firmware and service changes do not infringe. Separately, an ITC administrative law judge found that Diebold Nixdorf infringes Hyosung's U.S. Patent No. 8,523,235 and recommended exclusion and cease-and-desist orders barring Diebold from importing or selling its latest ATM line in the United States. Hyosung stated the ruling will have zero impact on its customers, products, or service capabilities, while it plans to continue pursuing infringement claims against Diebold.PR NewswireNautilus Hyosung America Wins Preliminary ITC Ruling as Administrative Law Judge Rules Diebold Nixdorf Infringed Key Patented TechnologyThe U.S. International Trade Commission's Administrative Law Judge issued a preliminary ruling recommending an import and sales ban on Diebold Nixdorf ATMs, specifically the 7700, 7780, 7790, and 9900 models, for infringing Nautilus Hyosung America's patent rights. The decision rejected Diebold's claims of patent invalidity and upheld Nautilus Hyosung's ownership of key automated deposit technology patents. This ruling marks a significant legal victory for Nautilus Hyosung in its ongoing dispute with competitor Diebold Nixdorf regarding intellectual property misuse.PR NewswireDiebold Nixdorf Successfully Defeats Retaliatory Claims; Continues Pursuit Of Patent Infringement Case Against Korea-Based Nautilus HyosungDiebold Nixdorf announced on March 16, 2017, that it successfully defeated three of four retaliatory patent infringement claims brought by Korea-based Nautilus Hyosung at the International Trade Commission (ITC), and will appeal a preliminary ruling on the fourth claim. In November 2016, an ITC administrative law judge had found that Hyosung infringes two Diebold patents and concluded there was strong circumstantial evidence Hyosung copied Diebold's patented movable MICR-head technology. The ITC has rejected Hyosung's appeal and will bar the import of infringing technology into the United States, while Diebold Nixdorf will continue pursuing damages before a jury in the U.S. District Court for the Northern District of Ohio.