Payments

E-Squared Systems intros remote hosting service for kiosks, ATMs

Image provided by E-Squared Systems Inc.

February 7, 2023

E-Squared Systems Inc., a fintech company, has introduced a remote hosting service for financial self-service terminals utilizing the ATM Industry Association's Next Gen ATM architecture, according to a press release.

The company is developing the service in collaboration with Genmega, a terminal manufacturer, and with Digital Cash Processing, a North American payments gateway.

The service aims to reduce the cost and complexity of operating ATMs and kiosks while expediting the process of adding and upgrading terminal functionality.

The E-Squared approach is based on a remote hosted terminal manager that reduces the need to support payment applications at the terminal level while providing terminal operators with operating and terminal management information.

The service is based on connecting financial self-service terminals to a hosted virtual terminal manager that centralizes application processes and integration at scale on behalf of client terminals and value-added services providers.

Terminal decision making is relocated to the cloud, reducing storage and information processing requirements for individual terminals, minimizing work to add and update terminal functionality, and increasing the security of internal terminal operations.

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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.

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