Despite COVID-19 Pandemic, ATMIA Reaches Bold Milestone of 350 Companies Participating in Next Gen ATM Future-Proofing

Despite the challenges of the COVID-19 pandemic, ATMIA today announced the 350th company worldwide to join the association’s Consortium for Next Gen ATMs, a global future-proofing project to link millions of ATMs to billions of mobile phones and integrate ATM systems into the mobile-digital world.

“We’re overjoyed to reach this bold milestone of 350 companies joining hands to co-create a brand new mobile-digital ecosystem for ATMs and access to cash and a growing range of services and functionalities,” Mike Lee, CEO of ATMIA and Chairperson of the Consortium for Next Gen ATMs, said. ”The project, which began in 2017, is now a few months away from achieving the first certified Next Gen ATM in the world, so it’s great to have such an unprecedented level of consensus across all sectors of our industry to carry us over the line.”

The participating companies and organisations include banks, central banks, IADs (Independent ATM Deployers), credit unions, retailers, ATM manufacturers, software suppliers, cash management, cash protection and cash-in-transit (CiT) companies, network processors and switches, card brands, security solutions providers, consultancies and trade associations.

“A Next Gen ATM is an API App ATM and we believe the new standard interfaces and associated innovations in functionality will create a Next Gen ecosystem for our 50 year-old ATM technology and provide rich customer experiences, with pre-staged transactions possible through the customer’s mobile phone apps,” Lee explained.

The last step in the process required to install the first certified Next Gen ATM later this year is currently underway, which is to develop an online self-certification system for Next Gen ATM products and services.

“Despite the inherent challenges of the pandemic for our members during 2020, we have kept squarely on track and our industry is fully ready for the future,” Lee concluded.

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Author: Eleanor Hazelton