News
ATMIA releases position paper on 'green' aspects of ATMs
August 25, 2008
SIOUX FALLS, S.D. — The ATM Industry Association has released its position paper on environmental aspects of ATMs.
"Consumers and regulators today are conscious of environmental issues such as pollution and global warming," said Mike Lee, chief executive of the association. "In this context, ATMIA has taken a proactive stance and outlined a policy for encouraging energy-savings in our industry which are both cost-effective and environmentally friendly."
The paper shows that ATMs are both highly efficient and low-energy users. Historically, the ATM represents a major reduction in the carbon footprint of distributing cash, by substituting automated self-service for bank teller distribution and spreading automated bank cash dispensing to convenient locations beyond bank branches. The overall consumption of power by ATMs, when calculated over time, including idling times of extremely low consumption as well as during peak operation and power consumption spikes, is relatively low, especially when the number of families/households which ATMs typically service is taken into account.
"The paper makes suggestions for managing the environmental impact of ATMs along its cycle from design to operation," Lee said. "Focusing on electricity reduction, paper and printing usage and cash recycling is a good starting-point."
The paper recommends that ATMs set a "no receipt" as default, making receipts available by customer request only.
Included In This Story
ATM Industry Association (ATMIA)
The ATM Industry Association, founded in 1997, is a global non-profit trade association with over 10,500 members in 65 countries. The membership base covers the full range of this worldwide industry comprising over 2.2 million installed ATMs.
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
