The ATM Industry Association (ATMIA) today announced publication of its new best-practices guide for disposing of ATMs that have reached the end of their seven- to ten-year lifecycle.
The online pamphlet, "Best Practices Guide for Decommissioning ATMs," addresses four risk scenarios confronting ATM owners when a machine's initial lifespan is complete. The guide covers best practices for protecting consumer data at an ATM decommissioning, how to handle a secondhand ATM properly and various liability issues associated with the disposal of ATMs.
The association published the guide to mitigate problems, which may occur from the improper disposal of ATMs.
"We want to avoid situations where an ATM ends up on eBay or in the hands of a criminal who can perform reverse engineering on the machine," said Mike Lee, CEO of ATMIA. Financial institutions worldwide will dispose of an estimated 100,000 ATMs this year, Lee said.
The guide is available for free to ATMIA members by clicking on the Best Practices Library.
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ATMIA publishes best-practices guide for disposing ATMs
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