ATM industry experts and consultants blog about the issues, challenges and opportunities facing the ATM business.

MUMBAI: With public sector banks missing the target of opening the number of ATMs as mandated by the government, white label ATM (WLA) manufacturers are smelling an opportunity to outsource ATMs at lower costs. WLAs are non-banking entities that own, set up and operate automated teller machines (ATMs) for banks. Those owned by banks are […]

The government may allocate funds in the ensuing Union Budget of 2016-17 for setting up ATMs at post offices to ensure accessibility to all financial services in every village. “We are looking at see how ATMs and micro ATMs can be rolled out in every post office. Some provisions may be given in the Budget […]

The automated teller machine (ATM) network of Jammu and Kashmir Bank has crossed 1,000, the bank said on Friday. It has added 676 ATM machines to its network in the past five years. “Continuing its focus on customer convenience, J&K Bank has achieved a target of 1,000 ATMs installed across the country,” a spokesman of […]

NAVI MUMBAI: Borze, a tiny village in the water-starved Pen taluka of Raigad district, stopped waiting for the state government and their local politician of various hues to give them the much-needed clean water. Instead, the villagers recently tied up with a private company to set up an innovative “water ATM” that locals refer to […]

Seeking to boost its revenue generation, the cash-strapped North Delhi Municipal Corporation (NDMC) is pondering renting out its school buildings to various coaching institutes and bank ATM kiosks to achieve financial stability. The corporation is looking at the possibility of generating revenue of nearly Rs 300 crore from the project. While the administrative decision has […]

A group of Greek developers have launched an app to help people find out which nearby ATM has cash in it. The new app tells people where the nearest ATM is, and, most importantly right now, whether there is any money in it. It looks like the app updates this in real time too, telling […]

Chinese researchers have successfully developed the first automated teller machine (ATM) with facial recognition technology to reduce the risk of theft, media reports said. The developers include Tsinghua University and Tzekwan Technology, a Hangzhou firm in eastern China’s Zhejiang province that provides security protection for financial transactions, South China Morning Post quoted Chinese official media […]

MUMBAI: The second largest private sector lender HDFC Bank has decided to discontinue issuing slips after cash withdrawals at ATMs and will alert the customer through SMSes. “We have decided to discontinue issuing receipts after cash withdrawals. The SMS which will be sent will have detailed information on the withdrawn amount and the balance in […]

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