 | This article contains content that is written like an advertisement .(April 2017) |
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| Type | Nonprofit |
|---|---|
| Industry | Banking, Cash machines |
| Founded | 1997 |
| Headquarters | , |
| Website | www |
The ATM Industry Association (ATMIA), originally the ATM Owners Association, was established in 1997 in the United States as a global nonprofit trade association to service an industry that built around the global growth of the ATM.
Liberalization of the retail banking markets in the USA during the 1980s and early 1990s, resulted in depository institutions losing their monopoly on ATMs while independent ATM deployers were allowed to compete in the provision of after-hours access to cash. [1] Growth in this market led Tom Harper and Alan Fryrear to establish the ATM Owners’ Association (ATMOA) in late 1997 with no staff (except Harper), zero budget, and only a handful of members. [2] The first official ATMOA planning meeting took place on October 9, 1998, at the end of the Faulkner & Gray Advanced ATM Conference in San Diego, CA. [3] The group voted Lyle Elias as the new president, ratified a motion to change their name to the ATM Industry Association, [4] formed several committees and took steps to launch their own industry conference.
In 2000, Michael Lee joined ATMIA as their European executive director and in 2004, he was named chief executive officer and board member. [5]
Progress in bringing industry participants together resulted in the New York Times identifying ATMIA as "the leading trade group" in the global cash distribution industry in 2003. [6]
In 2016, ATMIA had over 8,000 members in 66 countries. [7] The membership base included banks and other depository institutions, IADs, payment card companies, cash management service companies, interbank network companies, ATM design and manufacturing companies, and other related service providers.
ATMIA provides a forum for common issues among members. These include technical matters such as coordinating the global adoption of operating systems, [8] [9] promoting industry specific networking tools, [10] advising on security of transactions, [11] setting common standards to give access to people with disabilities, [12] and the future of the ATM. [13] [14]
It also promoted a worldwide standard for ATM security [15] [16] and in collaboration with Accenture, a global ATM benchmarking service. [17] [18] It was responsible for designing a recognizable worldwide “ATM here” sign, based on an international contest won by Andy Kitt, formerly of the NCR Corporation. The "Official Global Pictogram for the ATM", [19] was then registered as an international public sign in 2008 (ISO 7001:PI CF 005). [20]
It has worked with James Shepherd-Barron [21] in humanitarian efforts to facilitate the provision of cash and the extended use of mobile ATMs to victims of disasters and political conflict. [22]
ATMIA members and directors collaborate to address issues of global concern such as the ATM ram raids in Australia in 2010, [23] [24] and in 2012 around money laundering regulations, including a framework for non-bank ATMs in Canada. [25]
In the United States, ATMIA joined an industry coalition to eradicate external fee stickers on ATMs. [26] [27] [28]
ATMIA represents its membership in front of financial authorities [29] [30] [31] and regulators . [32] and also approaches legislators directly [33] [34] This includes the provision of cash services for those in the lower income brackets and other vulnerable consumers. [35] This actions have included studies on worldwide use of banknotes and coins. [36] [37]
Electronic funds transfer at point of sale is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at payment terminals located at points of sale. EFTPOS technology was developed during the 1980s. In Australia and New Zealand, it is also the brand name of a specific system used for such payments; these systems are mainly country-specific and do not interconnect. In Singapore, it is known as NETS.
An automated teller machine (ATM) or cash machine is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.
A smart card, chip card, or integrated circuit card is a physical electronic authorization device, used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) chip. Many smart cards include a pattern of metal contacts to electrically connect to the internal chip. Others are contactless, and some are both. Smart cards can provide personal identification, authentication, data storage, and application processing. Applications include identification, financial, mobile phones (SIM), public transit, computer security, schools, and healthcare. Smart cards may provide strong security authentication for single sign-on (SSO) within organizations. Numerous nations have deployed smart cards throughout their populations.
A personal identification number (PIN), or sometimes redundantly a PIN number or PIN code, is a numeric passcode used in the process of authenticating a user accessing a system.
The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. It performs the exchange of securities on behalf of buyers and sellers and functions as a central securities depository by providing central custody of securities.
A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, instruments, people, rules, procedures, standards, and technologies that make its exchange possible. A common type of payment system, called an operational network, links bank accounts and provides for monetary exchange using bank deposits. Some payment systems also include credit mechanisms, which are essentially a different aspect of payment.
MegaLink is a Philippine-based developer of mobile and banking software as well as a service provider for banks, specifically for automatic teller machine networks and point of sale systems of banks in the country. From its establishment in 1989 until 2015, it pioneered the interconnectivity of several banks in the country by way of being the first interbank network with different banks as its members.
The IDBI Bank Limited is a subsidiary of Life Insurance Corporation (LIC) providing financial and banking services. It was established in 1964 as Industrial Development Bank of India, a development finance institution, which provided financial services to industrial sector. In 2005, the institution was merged with its commercial division, IDBI Bank, forming the present-day banking entity and was categorised as "other public sector banks" category. Later in March 2019, RBI recategorised it as a private bank. Many national institutes find their roots in IDBI like SIDBI, India Exim Bank, National Stock Exchange of India and National Securities Depository Limited.
Payment cards are part of a payment system issued by financial institutions, such as a bank, to a customer that enables its owner to access the funds in the customer's designated bank accounts, or through a credit account and make payments by electronic transfer and access automated teller machines (ATMs). Such cards are known by a variety of names including bank cards, ATM cards, client cards, key cards or cash cards.
An ATM card is a payment card or dedicated payment card issued by a financial institution which enables a customer to access their financial accounts via its and others' automated teller machines (ATMs) and to make approved point of purchase retail transactions ATM cards are not credit cards or debit cards. ATM cards are payment card size and style plastic cards with a magnetic stripe and/or a plastic smart card with a chip that contains a unique card number and some security information such as an expiration date or CVVC (CVV). ATM cards are known by a variety of names such as bank card, MAC, client card, key card or cash card, among others. Other payment cards, such as debit cards and credit cards can also function as ATM cards. Charge and proprietary cards cannot be used as ATM cards. The use of a credit card to withdraw cash at an ATM is treated differently to a point of sale transaction, usually attracting interest charges from the date of the cash withdrawal. Interbank networks allow the use of ATM cards at ATMs of private operators and financial institutions other than those of the institution that issued the cards.
The Malaysian Electronic Payment System (MEPS) is an interbank network service provider in Malaysia. In August 2017, MEPS merged with Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet).
Wincor Nixdorf was a German corporation that provided retail and retail banking hardware, software, and services. Wincor Nixdorf was engaged primarily in the sale, manufacture, installation and service of self-service transaction systems, retail banking equipment, lottery terminals, postal terminals, software and services for global financial and commercial markets. In October 2015, Wincor Nixdorf’s cashless Payments unit was carved out of the group and started trading independently under the name of AEVI.
The payment card industry (PCI) denotes the debit, credit, prepaid, e-purse, ATM, and POS cards and associated businesses.
Citibank Berhad is a licensed commercial bank operating in Malaysia with its headquarters in Jalan Ampang, Kuala Lumpur. Citibank Berhad operates as a subsidiary of Citigroup Holding (Singapore) Private Limited. Commencing its banking operations in Malaysia in 1959, Citibank Berhad was locally incorporated in 1994.
Triton Systems LLC is a manufacturer of automated teller machines (ATMs). Triton ATMs are built in Long Beach, Mississippi. Triton has been in business since 1979, and has nearly 200,000 installations in over 24 countries.
The Irish Payment Services Organisation Limited (IPSO) was established in June 1997. IPSO was a company limited by guarantee owned by its member banks.
ACI Worldwide Inc. is a payment systems company headquartered in Miami, Florida. ACI develops a broad line of software focused on facilitating real-time electronic payments. These products and services are used globally by banks, financial intermediaries such as third-party electronic payment processors, payment associations, switch interchanges, merchants, corporations, and a wide range of transaction-generating endpoints, including automated teller machines ("ATM"), merchant point of sale ("POS") terminals, bank branches, mobile phones, tablet computers, corporations, and internet commerce sites.
CB Bank is one of Myanmar's oldest and largest commercial banks. It became the first bank in Myanmar to issue ATM cards and credit cards. The bank, led by U Khin Mg Aye (Chairman) and U Kyaw Lynn (CEO) has over 200 branches across the country.
Transaction Banking (TB) can be defined as the set of instruments and services that a bank offers to trading partners to financially support their reciprocal exchanges of goods (e.g.trade), monetary flows, or commercial papers. TB allows banks to maintain close relationship with their corporate clients so banks don’t want to be dis-intermediated by other players.
An independent ATM deployer (IAD) is a non-financial institution that owns, manages, and places ATMs in retail premises or elsewhere. IADs emerged in the 1990s in the USA while working alongside depository institutions, such as banks or building societies, to allow people to access cash.
