Costs associated with the Apple partnership might accelerate financial institutions' plans to release their own mobile wallets — perhaps even with some help from merchants.
Some forward-looking independent ATM deployers have begun to develop strategies for implementing contactless ATM transactions.
The question remains, with Apple Pay fully implemented and consumers and merchants all engaged, will our need for cash be affected?
Tremont Capital Group CEO Sam Ditzion discusses M&A trends in the ATM industry at the 2014 ATM & Mobile Innovation Summit in Washington, D.C.
With costs racking up for ADA regs, Windows 7 migration, the shift to EMV and more, an increasing number of IADs are looking to merge or divest their ATM business.
The potential for interaction between the ATM and the device consumers see as key to their lifestyle — the smartphone — could increase the perceived value of the ATM in their banking routine.
The notion among certain groups that ATMs are obsolete has been pervasive for many years. However, data suggests that the ATM and its industry are far from their demise.
What ATM end users need to know about card skimming and their role in preventing it.
Based on its Faster Payments study, the Fed seems to be driving toward an overhaul of the US payments system, but stakeholders prefer a more incremental approach.
It doesn't seem too over-the-top to assume that the world's favorite smartphone ultimately will gain some foothold in the ATM world, so it's probably a good idea to get a grasp of how the newly announced Apple Pay contactless mobile technology works.