Consortium for Next Generation ATMs grows to 150 members

 In News

More than 150 companies on six continents have now joined the ATM Industry AssociationConsortium for Next Generation ATMs, a collaborative organization that, among other things, seeks to move the industry past dependence on Microsoft products.

According to ATMIA, the growing list of stakeholders includes ATM manufacturers, card brands, cash-in-transit companies, central banks, consultancies, credit unions, independent ATM deployers, industry associations, network processors, retail financial institutions, security solutions providers and software suppliers.

“This is the largest global future-proofing exercise undertaken by the ATM industry in this century,” ATMIA CEO Mike Lee said in a press release. “There is such a high rate of disruptive technological change in our industry, in the high street and in the global economy, that any industry or business that doesn’t do some significant future-proofing right now will face existential risks.”

It’s imperative to for the industry to reach global consensus on a new API-based standard if the industry is to avoid “imminent future shock,” Lee said. “We need to actually implement this unprecedented global consensus for linking over 3.2 million ATMs, in great locations, to about 5 billion roving mobile phones worldwide.”

The consortium has completed six steps in a 10-step plan for blueprint implementation, and is currently drawing up a roadmap of next gen ATM standards to ensure interoperability for the next-gen ATM ecosystem, the release said.

Lee encouraged providers across the ATM value chain to get involved with the consortium. “It’s free to do so and it’s a great investment in our future,” he said in the release.

Watch the next-gen ATM video.

Learn more about the consortium.

See the current list of consortium members.

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