ATMIAATM Industry Association
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Mike Lee, ATMIA CEO, said, 'I am delighted to welcome Capitec Bank as the 200th company worldwide to join the association's Consortium for Next Gen ATMs.
According to the ATMIA, mobile technology, branch transformation, focus on self-service and reduced demand for cash are among the factors that will have the greatest impact on the ATM industry in the next five years.
Loomis International and The Brinks Company are two of the most widely recognized companies on the same side as the ATMIA. In 2014, both companies (along with others) sponsored a report titled "The Case for Cash," aimed at dispelling myths surrounding the anti-cash movement (Currency Research 2014).
ATMIA said "tens of thousands" of independent ATMs now offer person-to-person (P2P) money transfer capabilities, and many financial institutions are deploying ATMs that use contactless technology so that customers can pre-stage their cash withdrawals and perform other transactions.
Mike Lee, CEO of ATMIA, declared the next generation ATM architecture designed by the Consortium for Next Generation ATMs as open for global business.
Ron Delnevo, executive director of the ATM Industry Association (ATMIA) in Europe, claimed 25,000 to 30,000 free ATMs were at risk of being removed or changed to charging over the next few years.
"For decades, anti-cash campaigns, largely led by dominant card brands, have been waged in the mass media with the objective of discrediting cash," ATMIA said.
Both parties will be jointly presenting at this week's ATMIA conference in Las Vegas.
She currently serves as the co-chair for the ATMIA US Regional Board, chair of the ETA Professional Development Committee, a member of the Federal Reserve's Faster Payments Task Force, NAMA education committee, among others.
Organized by the ATM Industry Association (ATMIA), the award commemorated the 50th ATM anniversary of the world's first ATM installation occurred in London in 1967.
"The takeaway numbers from the study are 8.9% global growth in cash in circulation, compared to 4.5% in the Eurosystem and 11% in the BRICS nations, which have 40% of the world's population and produce 20% of gross world product," ATMIA CEO Mike Lee said.