News
ATM Marketplace releases ATM-software analysis
August 7, 2008
LOUISVILLE, Ky. — With more complex banking transactions moving to the ATM, deployers are relying more heavily on innovative software solutions to manage their networks.
Many ATMs now have features like envelope-free deposits, as well as enhanced advertising and personalized transactions. The devices have moved beyond basic cash dispensers, and the software that guides them is growing more complex as well.
Those software trends and developments are outlined in ATM Software: Trends Analysis for 2007-2008, which is sponsored by KAL, a global ATM-software company based in Scotland.
"Running a single software application across an entire ATM network was in most markets a revolutionary concept just three to five years ago," said Tracy Kitten, editor of ATM Marketplace and the report's author. "Today, it's quickly becoming commonplace."
Rather than using proprietary software, ATM deployers are increasingly moving to multivendor programs that can run across any Windows-based ATM network, regardless of the type or brand of hardware.
According to Retail Banking Research Ltd., a research firm based in England, 15 percent of the world's ATMs had moved to multivendor software at the end of 2007.
"Ultimately, those banks that made the move are at a level where all the infrastructure issues have been resolved — meaning they are able to, relatively speaking, seamlessly work with multiple (ATM) vendors," said Aravinda Korala, KAL's chief executive.
The 50-page report, a must-read for those in the banking industry, explores the issues that are driving these changes in ATM software and looks at other industry trends, like the evolution of the ATM as a marketing vehicle. The report also highlights leading software companies and the solutions they offer.
Click here to download this guide.
Included In This Story
KAL ATM Software
KAL is a world-leading provider of multivendor ATM platform, application and management software, specializing in solutions for bank ATMs, self-service kiosks, and bank branch networks.
Request Info
Learn MoreRelated Media
Subscribe
Get the latest news and resources from ATM Marketplace.
Recent Posts
SEC accuses former ATM businessman Daryl Heller of funneling $185M from investors
Fifth Third named as top veteran friendly employer
DC AG sues Bitcoin ATM operator Athena Bitcoin for allegedly exploiting scam victims
NCR Atleos earns #5 rank in fintech rankings
SEC to revamp cryptocurrency policies amid Trump's pro crypto push
