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 Money in physical form such as banknotes and coins. 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 A process by which individuals and businesses can access appropriate, affordable, and timely financial products and services. These include banking, loan, equity, and insurance products. While it is r... More, household budgeting and its popularity across several demographic groups.”
The Cash Revival Plan will also look at increasing the competitiveness of cash as a See Payment instrument. by improving Management and control of cash in circulation. and The term originates from military language and refers to the movement and provisioning of troops at war. In today’s business vocabulary, it refers to the management in particular, the transportation... More.
“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.”