Millennials — the "experiential" generation — have been steering away from large, corporate brands and toward smaller, less well-known companies that reflect their values. This "reverse branding" trend presents three distinct opportunities for ATM operators.
Progress has been positive, but there are still thousands of ATMs across the U.S. that have yet to be migrated to be compliant with EMV. This presents an opportunity for operators who have older, non-EMV machines in their network to upgrade to more modern, higher-security solutions.
This month, ATM Marketplace will be joined by an all-new publication designed to bring you a concentrated dose of the day's biggest stories about banking, payments, financial technologies and the consumer trends driving a tumult of change in the world of money.
Last century, one of most dramatic changes to the banking ecosystem was the integration of digital technology, both with back office and customer-facing systems. Today, we are entering a whole new phase.
There’s no doubt that video banking will become a must-have in the next few years. By implementing it today, you’ll have a competitive differentiator in your market and can reap the benefits that others have already discovered.
It's officially summer. And it feels like it. Whether you're headed to the lake, the cabin, the pool, or indoor refuge with working AC for the July 4 holiday, it's a good time to catch up on your summer reading — including top-rated features you might have missed at ATM Marketplace.
Consumers regularly log onto mobile banking to conduct routine tasks. But to keep people engaged and foster brand loyalty, banks need to constantly expand the range of services available via this channel — which means more choice and convenience for users.
Shake Shack founder Danny Meyer recently penned a blog post giving three reasons why his restaurants were going cashless. Consumers pushed back, giving one reason why they hated the idea and, in the end, their wishes prevailed.
Cash may be on its way out, but the trip looks to be slow, tedious and accomplished by fits and starts. In the meantime, more than three-quarters of consumers rate fee-free ATM access as "very important" or "essential" — and they're willing to change banks to get it.
Nearly 80 percent of financial institution-owned ATMs in the U.S. will have to be replaced or upgraded to support Windows 10 — so what's an FI to do? Many taking a good look at alternatives to the tiresome and expensive hamster wheel of ATM upgrades.
As banks migrate transactions away from tellers, making ATMs the default channel for basic banking transactions, it becomes increasingly important that customers feel safe at an ATM. A global study offers insight into how FIs can ensure user confidence.
Move over millennials. Gen Z is on the scene and ready to leave its mark on banking and payments. Born after 1999, members of this demographic view the world completely differently than the generations that have gone before them.
I have begun observing that there are fewer and fewer ATMs in places where I used to see them — at airports, railway stations and malls.
Admittedly, cash sales present merchants with challenges — the cost of theft and shrinkage and the time spent separating and counting notes, filling out bank slips and taking daily deposits to the bank — unless you pay a carrier to do it. A smart safe offers an all-in-one solution.
Sweden's apparent move toward becoming the planet's first cashless state is clearly neither accidental nor simply the outcome of choices made by the Swedish public.
ATM deployers are looking ahead: In May, the first and second most-read stories were concerned with the future of the industry. The remainder of the top five offered information deployers can use in the here-and-now to ensure that ATM of the future is secure, consumer friendly and profitable.
In May, President Trump signed a flurry of legislative measures, keeping a campaign promise to roll back bitterly opposed rules and regulations levied against banks during the Great Recession. Predictably, public reactions to the undoing of these Obama-era restrictions were miles apart.
In North America, the ATM channel is maintaining its central role as a core banking touchpoint with the consumer. But on the other side of the ocean, some major European companies seem to think the ATM channel is a dying business. So, who is right?
Some new and refurbished ATMs seem to have constant service issues after installation. Occasionally, the issue is simply a defective machine or part. But, most of the time, the real issue is related to power surges or fluctuations at the installation site.
One clear conclusion we can make, based on recent trends in the financial services industry, is that the increasing prevalence of new transaction methods does not necessarily mean that more traditional payment mechanisms are being left behind.