We at the ATMIA always support more innovation in our industry. For example, in the UK currently we are asking all Card Issuing LINK Members to sign up for the Universal Cash Deposit Transaction. This wonderful yet practical innovation will allow cardholders with bank accounts to deposit cash at ANY enabled ATM in the UK, rather than having to search for a branch or ATM of their own bank. With only 8000 bank branches in the UK but around 65,000 ATMs, this innovation makes perfect sense.

Ron Delnevo, our European Executive Director, will be meeting with the UK Treasury and Payment Systems Regulator to press for this innovation to be mandated on card issuers in 2019.

For more on innovation at UK ATMs, please read this article from a recent edition of Fintech Finance Magazine.