ATMIA welcomes 400th company to Next Gen Consortium

ATMIA's Consortium for Next Gen ATMs has gained its 400th company, Raiffeisen Bank, from Russia. The consortium currently has participants in 55 countries, spanning all sectors of the ATM and cash industries, according to a press release

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

"This means the world's first certified Next Gen ATM is imminent," Mike Lee, CEO of ATMIA and chairperson of the consortium said in the release. "It's 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 help customers transact 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 said.