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ATMIA launches best practices for ATM business efficiency

March 2, 2006

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BROOKINGS, S.D. - The ATM Industry Association announced in a news release the publishing of international best practices for ATM business efficiency.

The manual reflects ATMIA's Total ATM Lifecycle Operational Solution model, a brainchild of ATMIA European director Graham McKay.

Today's installed ATM base exceeds 1.5 million ATMs. Research suggests that each ATM costs between $7,500 and $25,000 annually to operate. Assuming, on average, that deployers spend about $15,000 a year to operate each of their ATMs, annual operating costs total $22.5 billion, McKay said.

"This document sets out to review the factors impacting lifecycle costs for the ATM. There are several areas in the lifecycle which may be addressed in order to improve business efficiency and cost saving."

Five areas are highlighted in the manual:

Key cost and profit drivers
Cash cycle and cash management
Technical-service monitoring efficiencies
ATM outsourcing business model
ISO business model

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ATM Industry Association (ATMIA)

ATMIA is the leading non-profit representing the global ATM industry, serving thousands of members across 500 companies, including financial institutions, deployers, manufacturers, and service providers. As a division of, ePayResources, our mission is to promote ATM growth and usage, protect industry interests.

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