Consortium for Next Gen ATMs Reaches 400 Companies

A milestone in the industry’s Next Gen journey has just been reached – the 400th company has joined to participate in the Consortium for Next Gen ATMs. Begun in 2017 under ATMIA’s management, this number means that companies have been joining the global future-proofing exercise at a rate of over 100 a year.  The companies represent all sectors of the ATM and cash industries across 55 countries.

The project’s deliverable is a whole new interoperable API App model for ATMs, with the potential to connect millions of ATMs to billions of mobile phones. It’s vital for the ongoing relevance, convenience and usability of ATMs to be connected to the global mobile-digital platform. I would even go as far as to say that businesses not involved in preparing for Next Gen are in danger of eventually being left behind by history. The markets can be merciless, as we all well know – when the demand is gone for a technology or a product, that’s it, end of story. Out of business. But the ATM industry is gearing up for a strong future. A reinvention.

Therefore, companies, sectors and whole industries which don’t future-proof are at risk of being left behind by change.  Not the ATM industry, however, thanks to ATMIA and its Consortium for Next Gen ATMs.

The next steps are to test and then launch the online self-certification system, followed by certifying the world’s first Next Gen ATM. Who will that be? In which city of which country? You will find out in November!

Watch this space….the future is almost here.

About Mike Lee, ATMIA CEO - Mike Lee has been CEO of ATMIA since 2005. He is a qualified futurist and his second book on study of the future Codebreaking our Future is available on Amazon.  Mike is President of the ATM Security Association and Chairperson of the Consortium for Next Gen ATMs.