The cashless Retail Teller Machine from KAL ATM Software allows FIs to increase their market presence at one-tenth the annual operating cost of an ATM, according to KAL CEO Aravinda Korala.
Instead of banknotes, the EMV-enabled RTM dispenses a voucher that the user exchanges for cash at the check-out counter. The machine can perform any banking function an ATM offers, including video teller services.
The RTM runs on KAL software and interfaces with an FI's existing fleet management and monitoring system.
Just when the U.S. payments industry was getting close to a common solution to its unusual quandary of how to enable network choice for EMV transactions, along comes U.S. District Court Judge Richard …