ATMIA leaps forward with reinvention of the ATM as the 400th company joins the Next Gen Consortium - October 29, 2020

ATMIA leaps forward with reinvention of the ATM as the 400th company joins the Next Gen Consortium

Thursday, October 29, 2020

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Company: ATM Industry Association

ATMIA’s Consortium for Next Gen ATMs, established as an industry future-proofing project in 2017 to create a new API App model and ecosystem for ATMs, attracted its 400th company this week. Raiffeisen Bank Russia was the 400th organization to join the project, which has participants in 55 countries, spanning all sectors of the ATM and cash industries.

The 55 countries include Antigua, Argentina, Australia, Austria, Barbados, Belgium, Bosnia & Herzegovina, Brazil, Canada, Chile, China, Croatia, Dutch Caribbean, France, Guatemala, Germany, Ghana, Greece, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Malaysia, Malta, Mauritius, Mexico, Myanmar, New Zealand, Netherlands, Nigeria, Palestinian Territory, Papua New Guinea, Paraguay, Portugal, Russia, Saudi Arabia, Sierra Leone, Singapore, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Tanzania, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States of America, Vietnam and Zambia.

The online self-certification system for Next Gen ATMs is slated to be launched on November 19th.

“This means the world’s first certified Next Gen ATM is imminent,” explained Mike Lee, CEO of ATMIA and Chairperson of the Consortium for Next Gen ATMs. “It’s a race to the top despite the immense challenges our industry faced during the covid-19 pandemic. This historic milestone will truly represent a reinvention of the ATM after more than 50 years of great service to millions of customers across the world.”

The new API App model for ATMs will see customers transacting seamlessly through mobile apps, with pre-staged transactions, including cash withdrawals or cryptocurrency exchanges, taking under 10 seconds.

“This future-proofing project will integrate  ATMs into the mobile-digital platform to take ATMs to a new level of functionality, relevance and convenience,” Lee added.

For more information, please contact Mike Lee at [email protected].

ABOUT ATMIA - ATMIA is the leading non-profit trade association representing the entire global ATM industry. ATMIA serves more than 11,000 members from over 650 participating companies in 70 countries spanning the whole ATM ecosphere, including financial institutions, independent ATM deployers, equipment manufacturers, processors and a plethora of ATM service and value-added solution providers. ATMIA provides education, advocacy and connections to help its members keep abreast of industry news and developments; increase knowledge and professionalism; improve operational efficiencies; understand and influence regulatory processes; participate in the local, regional and global ATM community; and forge new relationships to advance their businesses. Founded in 1997, ATMIA has active chapters in the United States, Canada, Europe, Latin America, Asia-Pacific, Asia, Africa, India and the Middle East focusing on the unique needs and issues of each region. For more information, please visit Follow us on LinkedIn, Twitter, Facebook or YouTube.

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