4 ways to avoid tossing your old ATM
by Daryl Cornell, CEO, Triton Systems
It’s not an old TV.
It’s not a boat anchor.
It’s not past its useful life.
Contrary to what you may have heard — perhaps even from your own ATM supplier — your older ATM still has value!
On the eve of the first U.S. EMV liability shift, 20,000 tons of discarded ATMs appear to be headed to the local landfill.
In one of the great untold stories of the U.S. conversion to EMV is that as many as half of the nation's estimated 400,000 ATMs might not be upgraded for EMV.
Whether they believe their ATMs are simply too old, or that the economics of upgrade just don't work, operators could end up discarding nearly 200,000 ATMs as junk.
Nonbiodegradable plastics, leaking batteries and other ATM waste ill-suited for landfills — this is a real mess and a potential black eye for the industry.
Our industry already faces the challenges of explaining the costs of the ISO model and why charging customers for the convenience of cash is not gouging. The last thing we need is to be the subject of an expose on the tons of toxic ATM trash being dumped in landfills as part of the upgrade to EMV.
Fortunately, it's problem that might be easily avoided with some prior planning. Check with your manufacturer to find out whether you might have one or more of the following options:
1) Trade in your old ATM on the purchase of a new ATM
This is the simplest solution. Swapping an old ATM for a new one offers a host of benefits for the ISO and the manufacturer.
Net acquisition cost is reduced by the value of the trade. Additionally, the manufacturer now takes the disposal headache off the hands of the ISO.
Further, the new ATM can be shipped to a designated site where a technician can de-install and re-install in a single service call. Packaging material can then be reused to return the old ATM to the manufacturer — simple, cheap and environmentally responsible.
2) Trade in your old ATM on the purchase of an upgrade kit
Let’s face it, there are still a few old ATMs out there with no upgrade path.
In some cases the manufacturer is no longer in business. In others, the manufacturer has decided not to support upgrade to EMV.
Of the ATMs that are clear upgrade candidates, many need not only EMV upgrades but also ADA upgrades, new PCI keypads, updated security modules and other software updates.
By trading in older, nonupgradeable ATMs against the purchase of upgrade kits or other parts, ISOs can minimize their upgrade and compliance costs while keeping an ATM out of the dump.
3) Consider updating and refurbishing your ATM
If your ATM has the looks and functionality of an older model but is still upgradable, you might be able to refurbish it.
Contact your manufacturer to find out whether they offer a refurbishment program. Send in the old, get back an ATM that's EMV-ready and looking as good as new!
4) 'Clean out the barn'
Most ISOs of any size have at least one warehouse filled with used ATMs, spares and parts, including a whole lot of stuff that's just collecting dust. But much of it still has value.
Contact your manufacturer about trading in old parts, pieces and carcasses against the purchase of new ATMs, upgrade kits or other parts. This will reduce total upgrade costs and clean out your warehouse, while keeping the old ATMs, parts and pieces out of the landfill.
Make one more resolution for 2016: Recycle your old ATMs rather than sending them to the dump!