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The Hyosung/Tranax 1500 and EMV: What should you do?

A white paper from ATMEquipment.com outlines three options for owner-operators of the 50,000 active 1500s in the U.S. market.

April 6, 2015

by ATMEquipment.com

EMV liability shifts are approaching fast — MasterCard in October 2016 and Visa only a year behind. With less than 20 months to go before independent ATM deployers become liable for fraud at the ATM, it’s no surprise ATM operators are beginning to make their upgrade plans.

But one glaring question remains — what do you do with your Hyosung/Tranax 1500s? Should you upgrade it or replace it?

A new white paper from ATMEquipment.com explains the options for IADs who own and operate the 50,000 active 1500s in the U.S. market.

Upgrade

The EMV upgrade kit runs $850 to $1,000 per machine and includes a new screen, motherboard and card reader. The kit makes the machine TCPI compatible and upgrades the color and graphics capabilities. As an added bonus for those machines that still are not ADA compliant, the kit upgrades the 1500 to ADA machine standards by default.

Shell Unit

A second option open to IADs is to replace the 1500 with a new shell unit. The recently introduced Nautilus Hyosung 2700 shell unit allows an IAD to continue to use the reliable 1500 dispenser, while gaining the look and feel of a new machine complete with larger screens and modern styling.

While a shell is more expensive than an upgrade kit, it is still less costly than a new machine. On average, this solution saves about $300 to $500 off the cost of a regular machine.

IADs looking into the shell unit option should make sure they have available dispensers in good condition. They should also obtain specifications and compatibility information to make certain their dispenser is capable of integration — some older models may have compatibility issues depending on the type of 1500 dispenser that came with the machine.

Replace

A third option is to replace the 1500, which will make sense for many IADs, given the age of many of the 1500 machines in the field. When the first liability shift hits in 2016, many of the newest machines will be seven or eight years old. Although the real drawback to replacing the 1500 is the cost — two or more times the cost of the 1500 upgrade kit — the pros of a completely new ATM are easy to see: a more modern-looking machine with the latest technology, which in turn often drives maximum transaction volumes.

Replacing the machine also gives IADs the bonus of a warranty and the tax write-down  for new equipment purchases. Upgrade kits are considered parts and are excluded from regular tax depreciation schedules. 

The bottom line is that it’s a cost vs. reward decision when it comes to upgrading or replacing the 1500. These three options provide ATM operators with some of the best upgrade paths available for EMV. How will you choose to upgrade your 1500?

photo istock

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