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ATMIA Launches an ATM and Cash Revival Plan for COVID-19 and Beyond

Categories : Cash connects people
June 18, 2020
Published in : Access to cash, ATM, Coronavirus, War on Cash
ATMIA today announced the launch of an ATM and Cash Revival Plan for an ATM industry hit hard by the COVID-19 pandemic.

ATMIA is the leading non-profit trade association representing the entire global ATM industry. ATMIA serves more than 12,000 members from over 650 participating companies in 66 countries spanning the whole ATM ecosphere, including financial institutions, independent ATM deployers, equipment manufacturers, processors and a plethora of ATM services and value-added solution providers.

“We have listened to our members who told us all their COVID-19 pain points in our recent survey and we are now committed to a series of actions aimed at starting an industry revival,” explained Mike Lee, CEO of ATMIA and Chairperson of the Consortium for Next Gen ATMs.

The advocacy plan has two prongs, a Cash Revival Plan and an ATM Revival Plan.

“To revive cash use, we will continue our cashless bans campaign to ensure mandatory acceptance of cash at retail outlets in markets such as the USA, Europe, Canada, UK and Australia,” Lee said. “We will aim to make the deposit of cash (notes and coins) at ATMs as accessible as possible, while conducting some much-needed PR on the top values of cash, including its role in financial inclusion, household budgeting and its popularity across several demographic groups.”

The Cash Revival Plan will also look at increasing the competitiveness of cash as a payment method by improving cash management and logistics.

“The ATM Revival Plan will include a global protocol for ATM hygiene for what we believe will be a hygiene-conscious society after COVID-19,” Lee added. “In addition, our multi-year Consortium for Next Gen ATMs, with over 330 companies participating worldwide, will reach fruition in 2020 with an online self-certification system for certifying globally interoperable API APP ATMs to move ATMs into next gen capability for the mobile-digital world and the coming Internet of Things.”

View the ATM and Cash Revival Plan here.

 

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