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Diebold
Diebold Nixdorf, Incorporated is an American multinational financial and retail technology company that specializes in the sale, manufacture, installation, and service of self-service transaction systems (such as ATMs and currency processing systems), point-of-sale terminals, physical security products, and software and related services for global financial, retail, and commercial markets. Currently Diebold Nixdorf is headquartered in the Akron- Canton area with a presence in around 130 countries, and the company employs approximately 23,000 people. Founded in 1859 in Cincinnati, Ohio as the Diebold Bahmann Safe Company, the company eventually changed its name to Diebold Safe & Lock Company. In 1921, Diebold Safe & Lock Company sold the world's largest commercial bank vault to Detroit National Bank. Diebold has since branched into diverse markets, and is currently the largest provider of ATMs in the United States. Diebold Nixdorf was founded when Diebold Inc. acquired Germany's ...
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Charles Diebold
Charles "Carl" Diebold (October 24, 1824 – March 5, 1894) was a Kingdom of Bavaria-born American industrialist who was the founder of Diebold. Carl Diebold was also a safe maker and a locksmith. Early life Diebold was born in Rosenberg, Kingdom of Bavaria, on October 24, 1824, as the son of Bernhardt Diebold and Mary Diebold. Nothing is known about his early life or his education. At the 1893 fourth of July Celebration at Meyer's Lake Canton, Ohio, Carl entered his Mule "Dick" into a race and finished in third place. Diebold Diebold founded Diebold Bahmann in 1859 as a manufacturer of safes and vaults in Cincinnati, Ohio. Charles gave his company a good reputation after The Great Chicago Fire in 1871 which leveled most of the city. Rumors went about that the 878 safes in the area had the items in them intact. In 1872, needing more room for his expanding company, moved to Canton, Ohio, where most of the post-fire orders were from. Two years later, in 1874, Wells Farg ...
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Wincor Nixdorf
Wincor Nixdorf was a German corporation that provided retail and retail banking hardware, software, and services. Wincor Nixdorf was engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ATMs), retail banking equipment, lottery terminals, postal terminals, software and services for global financial and commercial markets. Following Wincor Nixdorf's IPO in May 2004, KKR and Goldman Sachs sold all of their shares. In total, KKR received over €685 million, broken down into €160 million in dividends in 2004, €225 million (two-thirds of stock market proceeds) in 2005, and €300 million in sales proceeds, also in 2005. During the five years that the Company was owned by KKR and Goldman Sachs, the number of employees at Wincor Nixdorf increased from 3,400 to 6,300. In October 2015, Wincor Nixdorf’s cashless Payments unit was carved out of the group and started trading independently under the name of AEVI. On August ...
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Automated Teller Machine
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of other names, including automatic teller machines (ATMs) in the United States (sometimes RAS syndrome, redundantly as "ATM machine"). In Canada, the term automated banking machine (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM rather than ABM. In British English, the terms cashpoint, cash machine and hole in the wall are also used. ATMs that are Independent ATM deployer, not operated by a financial institution are known as "White-label ABMs, white-label" ATMs. Using an ATM, customers can access their bank deposit or credit accounts in order to make ...
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German-Americans
German Americans (, ) are Americans who have full or partial German ancestry. According to the United States Census Bureau's figures from 2022, German Americans make up roughly 41 million people in the US, which is approximately 12% of the population. This represents a decrease from the 2012 census where 50.7 million Americans identified as German. The census is conducted in a way that allows this total number to be broken down in two categories. In the 2020 census, roughly two thirds of those who identify as German also identified as having another ancestry, while one third identified as German alone. German Americans account for about one third of the total population of people of German ancestry in the world. The first significant groups of German immigrants arrived in the British colonies in the 1670s, and they settled primarily in the colonial states of Pennsylvania, New York, and Virginia. The Mississippi Company of France later transported thousands of Germans from Eu ...
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Bank Vault
A bank vault is a secure room used by banks to store and protect valuables, cash, and important documents. Modern bank vaults are typically made of reinforced concrete and steel, with complex locking mechanisms and security systems. This article covers the design, construction, and security features of bank vaults. Unlike safes, vaults are an integral part of the building within which they are built, using armored walls and a tightly fashioned door closed with a complex lock. Historically, strongrooms were built in the basements of banks where the ceilings were vaulted, hence the name. Modern bank vaults typically contain many safe deposit boxes, as well as places for teller cash drawers and other valuable assets of the bank or its customers. They are also common in other buildings where valuables are kept such as post offices, grand hotels, rare book libraries and certain government ministries. Vault technology developed in a type of arms race with bank robbers. As burglars ...
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Canton, Ohio
Canton () is a city in Stark County, Ohio, United States, and its county seat. It is the List of cities in Ohio, eighth-most populous city in Ohio, with a population of 70,872 at the 2020 United States census, 2020 census. The Canton–Massillon metropolitan area, which includes all of Stark and Carroll County, Ohio, Carroll counties, had 401,574 residents. Canton is located approximately south of Cleveland and south of Akron, Ohio, Akron in Northeast Ohio on the edge of Ohio's Amish Country. Founded in 1805 alongside the Nimishillen Creek, Canton became a center of heavy industry because of its numerous railroad lines. As shifts in the manufacturing industry led to the relocation or layoff, downsizing of many factories and workers during the late 20th century, the city's industry diversified into tertiary sector of industry, the service economy, including retailing, education, finance and Health care in the United States, healthcare. Canton is best known as the home of the P ...
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Heinz Nixdorf
Heinz Nixdorf (April 9, 1925 – March 17, 1986) was a German computing pioneer, businessman and founder of Nixdorf Computer AG. Nixdorf was born in Paderborn, Germany. The 27-year-old Nixdorf, at the time a physics student at the Goethe University Frankfurt, founded his first computer company in 1952. As the owner, he led this company to become an international electronics company with revenues of almost four billion Deutsche Mark at its peak. His microcomputers were competitors to IBM mainframes. Nixdorf is remembered as one of the entrepreneurs who, in the 1950s to 1970s, symbolized the German economic miracle. He was also an ambitious athlete and is remembered for his efforts to provide good education to his employees. He succumbed to a heart attack in 1986 at the CeBIT in Hanover. The Heinz Nixdorf MuseumsForum was named after him. Early life Nixdorf was born on April 9, 1925, as the oldest child of five. He went to a Catholic board school where he first showed his talen ...
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Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ...
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San Francisco
San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of 2024, San Francisco is the List of California cities by population, fourth-most populous city in the U.S. state of California and the List of United States cities by population, 17th-most populous in the United States. San Francisco has a land area of at the upper end of the San Francisco Peninsula and is the County statistics of the United States, fifth-most densely populated U.S. county. Among U.S. cities proper with over 250,000 residents, San Francisco is ranked first by per capita income and sixth by aggregate income as of 2023. San Francisco anchors the Metropolitan statistical area#United States, 13th-most populous metropolitan statistical area in the U.S., with almost 4.6 million residents in 2023. The larger San Francisco Bay Area ...
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Great Chicago Fire
The Great Chicago Fire was a conflagration that burned in the American city of Chicago, Illinois during October 8–10, 1871. The fire killed approximately 300 people, destroyed roughly of the city including over 17,000 structures, and left more than 100,000 residents homeless. The fire began in a neighborhood southwest of the city center. A long period of hot, dry, windy conditions, and the wooden construction prevalent in the city, led to the conflagration spreading quickly. The fire leapt the south branch of the Chicago River and destroyed much of central Chicago and then crossed the main stem of the river, consuming the Near North Side. Help flowed to the city from near and far after the fire. The city government improved building codes to stop the rapid spread of future fires and rebuilt rapidly to those higher standards. A donation from the United Kingdom spurred the establishment of the Chicago Public Library. Origin According to Nancy Conelly Mrs. O Leary's 2nd gr ...
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