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With less than a month to go before the VISA ATM liability shift deadline, you might expect a frantic, last-ditch effort by ATM operators to get their machines EMV-ready. But you would be wrong.
Nearly 200,000 merchant-owned ATMs will not be EMV capable by the October Visa ATM liability shift deadline. So how does this movie end? While there are a number of possibilities, nearly all of them are opportunities for IADs who prepare now.
The United States can now boast of having half a million ATMs (three-quarters of them independently operated) reliably serving citizens all over the nation — despite nearly constant assault from confused regulators, politicians and pundits.
In the ATM business, as in the music business, success is about finding the right group of people to work with and thinking creatively with them in order to solve problems.
It seems likely that only serious chargeback pain or terminal shutoff will prompt many US merchants to upgrade their ATMs to perform EMV transactions. Even then, we could see merchant terminal numbers decline by as much as 25 percent.
While they have the acumen and attitude to start and run a business, what most business owners lack is an exit strategy. Here are answers to the questions IADs ask most frequently about the valuation and sale of their ATM business.
Triton Systems has announced the launch of the newest member of its Argo product line, the Argo FT through-the-wall ATM. The Argo FT is available in both walk-up and drive-up configurations and supports the Glory NMD-100 dispenser, Triton said in...
It seems the only real requirement for election to public office anymore is the complete and utter ignorance of basic economics. The latest poster child has to be Illinois State Rep. Arthur Turner, who has introduced a bill to cap all ATM charges in the state at $1.
With so many "more convenient" options available, why do people continue to rely on hard currency?
ISOs around the country purchase their ATMs and parts from a network of manufacturers and grey market suppliers on the web. The implementation of an internet sales tax on these transactions would increase costs and almost certainly end up decreasing competition.
The Customer Warehouse Inventory (CWI) represents a new approach to ATM part inventory management.
With a full slate of speakers, panels, exhibits and meetings, the annual ATM Industry Association conference once again offered the opportunity to stay abreast of developments in the global ATM industry. Here is what we learned at ATMIA this year.
The Federal Reserve has released the sixth study in its series of triennial reports on payment trends in the United States. Though its focus is on noncash payments, the study does offer insights for the ATM industry.
Connections to the ATM industry — and a bit of serendipity — brought three women full circle from a tiny Catholic high school in New Orleans.
You can believe the Fed's latest report that says they do, or you can believe an endless parade of unscientific online polls that say otherwise.
As every U.S. ATM operator should know by now, the deadlines for migrating to EMV are fast approaching.
As a group, small merchants have been frustratingly obstinate about upgrading their ATMs for chip card transactions. But there are several ways to get them moving in the right direction.
Though its growth has stalled at 1–2 percent per year and rumors of its death persist, the stars may be aligned for a near-term explosion in demand for cash.
As retailers file suit and legislators fire off letters of inquiry, the card brands seem to be mitigating the harsher aspects of their liability shifts. Could this change the game plan for deployers migrating their ATMs to EMV?
Glory Global Solutions recently marked the 30th birthday of its single denomination dispenser. According to a press release, the company launched the device in 1986, and it has since become a "workhorse" in the U.S.