Industry Funds
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Industry Mutual Defense Fund
Rationale for Fund
Recognizing the need to represent the general interests of the ATM industry as a whole, the ATMIA has created an Industry Mutual Defense Fund. This Fund will be called upon when individual legal cases involving ATMIA members have clear repercussions for a whole group of members.
Purpose of Fund
The purpose of this fund is to employ legal resources to defend, represent and promote the national and international interests of the ATM Industry, for the protection of all its members. The Fund is restricted to use for members of the ATMIA only.
Administration of Fund
The Industry Mutual Defense Fund is composed of donations and accrued income.
The Executive Board of the ATMIA may authorize expenditure of part, or all, of this fund for expenses covering research and litigation necessary to protect the legitimate business interests and purposes of the ATM Industry as represented by board members and members of ATMIA. Executive Committees of political action initiatives or groups within ATMIA, under the supervision of the Executive Board, may review any proposed use of this fund and report alternative ways of accomplishing the goals of political or legal action, with the understanding that legal action shall be the last resort.
The Research Fund
Rationale for Fund
Recognizing the need for industry research benefiting the ATM industry as a whole and highlighting solutions for improving ways of doing business in the industry, ATMIA has created a Research Fund. This Fund will be called upon when a topic has been voted as “most valuable” by ATMIA Members and promotes ATMIA’s vision for global advancement and proliferation of automated teller machines.
Purpose of Fund
The purpose of this fund is to sponsor worldwide industry research to provide the most up-to-date information and assessment of current trends in the market, to give ATMIA Members a competitive edge to ensure that their strategic thinking is in line with the industry big picture.
Administration of Fund
The Research Fund is composed of donations and accrued income through small percentages of membership fees allocated to the fund.
The Executive Board of the ATMIA may authorize expenditure of part, or all, of this fund for expenses covering commissioned industry research on a majority-vote basis.
Rationale for Fund
Recognizing the need within the international ATM community to provide training and funding assistance primarily to some emerging markets in Africa, Asia and Latin America, ATMIA has authorized the creation of an Education and Development Foundation Fund.
Purpose of Fund
The purpose of this fund is to further support the development of industry-wide customer education and ATM network-building programs in emerging markets and to facilitate trade and business networking between established and emerging ATM markets. The Fund is restricted to use for members of the ATMIA only.
Administration of Fund
The Education and Development Foundation Fund is composed of donations and accrued income through small percentages of membership fees allocated to the fund. The Executive Board of the ATMIA may authorize expenditure of part, or all, of this fund for expenses covering assistance programs for both emerging and established ATM markets. Final approval of all monetary expenditures, following on from broad approval for disbursements from the Executive Board on a majority-vote basis, is to be made by the CEO of ATMIA.
ATMIA US Industry Defense Fund Value Proposition
To establish a US industry defense fund to be used by ATMIA’s Government Relations Committee (GRC) to cover the costs of lobbying various state and federal authorities regarding any proposed legislation which could adversely affect ATM businesses and the industry as a whole.
Such a fund will be properly registered and audited as part of the ATM Industry Association’s annual audit and will be managed in a transparent way by the Government Relations Committee, reporting to the Executive board of ATMIA. All contributors and sponsors of this fund will have the option of being part of the voting process within the GRC for approving disbursements from the fund. In addition, contributors and sponsors of the fund will receive public recognition in ATMIA newsletters, press releases and announcements at annual US conferences as well as on a special webpage on which their logos and links will be showcased.
Education and Development Foundation Fund
