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ATM Marketplace: July Top 5
Second-quarter earnings for one major ATM maker sparkled, and readers were curious about the future as those two topics topped July's most-read stories.
August 2, 2019 by Amy Castor — Editor, Networld Media Group
Second quarter earnings for one major ATM maker sparkled, and readers were curious about the future. Stories about cash going out of style and contactless cards perked readers' interest. Last month also saw the release of ATM Marketplace's biennial report on the future of ATMs.
Here are the top five stories that ignited reader interest in the month of July.
5) Cash use plummets across UK
If you push Sweden aside for a moment, UK is leading the way in terms of moving away from cash, according to a report by Link, the company that runs the ATM network in the country.
Contactless payments are likely the key culprit in the declining popularity of coins and notes among Brits. But a lack of cash in the country is making it hard for the people who need cash the most — those who are unable or reluctant to use new technologies — to find an ATM nearby, or at least one that won't charge them to withdraw money. Read more >>
4) Diebold Nixdorf delivers solid performance in Q2
Since 2018, ATM manufacturer Diebold Nixdorf has been tightening its belt, making every effort to reduce spending. That, and a boost from Windows 10 implementations, resulted in an impressive earnings report for the second quarter of the year. The company reported revenues of $1.15 billion for the quarter ended June 2019, up 4% compared to $1.11 billion in the same period last year. Read more >>
3) 5 common ATM security misses. Is one of these your Achilles' heel?
Security breaches at financial institutions, like what just happened to Capital One, are becoming a regular thing. In sharing his wisdom and experience in the field, Scott Harroff, chief security officer at Diebold Nixdorf, has compiled five of the most common security gaps across the financial industry — some obvious, but overlooked, and some not so obvious. Take a look and see if any apply to you. Read more >>
2) ATMs and the new world of contactless payments
People are using cash less and credit cards more. But the real trend is a move toward the contactless card, a chip card that has technology embedded in it that lets you pay over a secure radio interface, much like Apple Pay, Android Pay or other mobile wallets. But what does this mean for ATM machines?
Steve Gilde, director of global product marketing at Paragon Application Systems, writes out his thoughts. He believes ATMs will morph into something totally different. Instead of dispensing cash, they will load value onto digital cards. That would allow consumers to spend e-dollars just like they spend paper bills, only faster and easier with no loose change in their pockets. Read more >>
1) What's the future of the ATM industry?
Consumers are paying less frequently with cash and credit cards but still want to see more ATMs deployed, according to the sixth edition of the ATM Future Trends report, now available.
Those are just a few of the findings from the biennial report, which included a survey of more than 300 consumers in the U.S. and 200 stakeholders representing every aspect of the ATM industry. The 43-page report also includes information to help retailers and financial institutions set goals and strategies for their ATM channel or businesses. Read more >>
About Amy Castor
Amy Castor has more than 20 years of experience in journalism and mass communications. In the last several years, she has gotten particularly interested cryptocurrencies, blockchain technologies and other evolving forms of payment. Her work has appeared in consumer and trade publications throughout the U.S., including CoinDesk, Forbes, and Bitcoin Magazine. She is now the editor of ATMmarketplace.com and WorldofMoney.com
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Diebold Nixdorf
As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.
