30 Mar Innovations in ATM Equipment and Processing
In previous posts at this blog, we’ve highlighted some of the ways in which the makers of ATM equipment and the providers of free ATM processing have updated the technology and service in order to make it more relevant in the 21st century and to respond to existing customer concerns. These efforts have included allowing transactions in Bitcoin, connecting ATMs to users’ phones, and otherwise creating interfaces that don’t require physical cards.
It remains to be seen which of these innovations will gain traction and stand the test of time, but it seems very likely that we’ll see many more updates to ATM equipment and ATM processing in the future. In fact, the efforts to update those things have lately taken on a global dimension. indicates that India’s IDBI Bank has announced plans to make ATMs into places where users can both safely and securely invest in government bonds.
We can’t begin to speculate about what sorts of innovations will eventually make their way into Toledo ATM equipment or . But the general trends in the industry make it clear that as existing services are updated, free ATM service will continue to have a strong appeal for business owners and their patrons.
Of course, even if none of these major innovations takes hold, free ATM processing will still have a long lifetime ahead of it, because regardless of whatever else someone can accomplish through ATM equipment, it still serves as a reminder that even in an era of bitcoin, smartphones, and on-the-fly investments, cash is king.