ATMs Reinvented

Just over five decades after the world’s first ATM was installed in London, conditions have converged to make the reinvention of the ATM inevitable. Next Gen ATMs are an idea, or vision, whose time has come.

A Next Gen ATM is an app-based ATM and it’s thought that both the quality and number of transactions at ATMs will increase when customers can transact with their mobile devices instead of a plastic card.

It’s a well-known fact of business that technology needs to stay relevant. For our industry, this means, above all, that ATMs must be integrated into the mobile-digital world in which most of humanity now lives. We should also be able to fit ATMs into a world which is highly interconnected based on the ‘Internet of Things’.