Can I Rent an ATM or the Space?
ATM Placements or Rent an ATM?
Getting in on the
Tabletop ATM Machines
What are the Benefits of a Tabletop ATM Machine?
Tabletop ATM machines (and Wall Mounted ATMs) are great for small spaces and when floor space isnโt available. They offer customers the money they need in a compact size machine. They can be placed almost anywhere a counter top or wall mount is available.ย They offer the same up to date transaction processing and they are a less expensive option when investing.ย
Tabletop ATMs are some of the most efficient and easiest ATMs to maintain. Their easy access components can be reached with a flip of the top and yet they are just a secure as any standard ATM. Add receipt paper with ease. Easily add cash or do a little maintenance between customers. All of the upkeep that comes with your ATM machine is right there at table top eye level. There is no floor space needed for the table tops, lending more room to your merchandise or the merchandise of the store owner who provided space for your machine.
Click here to see the exact specifications of the Hyosung Monomax 4000 Tabletop or Wall Mount ATM. Read more
How to Increase Security for an ATM Machine
Source: https://www.youtube.com/watch?v=np_qmLtZKhQ
How Can You Increase Security for an ATM and Safeguard Against Theft?
We all know ATMโs are like candy to would-be thieves. However, that doesnโt mean your ATM has to be a target. People target these machines because they are small and they think they store a lot of money.
In reality, most merchant-owned free-standing ATMโs (the ones in stores) donโt contain much cash. Many store owners remove the cash each evening like a cash register.
As a store owner or ATM operator, there are certain precautions you can take to limit the chance that an ATM is stolen or broken into and increase security for an ATM.
Itโs easy to add a camera monitor for your ATM machine to ensure that it puts a person at risk if they try and steal money from it. The more measures you take to secure your machine the less likely someone will attempt to steal money out of it.
5 Tips for Increasing Security
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Install surveillance cameras around your ATM Machine
- No one wants to be spotted on camera. Put one directly on top of the machine and another in a location that has a good view of the ATM. These camera systems are inexpensive and work great.
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Hang a sign up in the area to let people know that it is under constant surveillance.
- Thieves will think twice before making an attempt to steal from the ATM when cameras are around. Several higher-end machinesย comeย with cameras installed inside to help lower the chance of theft. ย Some of the new Genmegaย series ATMs have surveillance deterrents pre-installed at the factory.
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Put your ATM Machine near a brightly lit area.
- The more lit the areaย where the ATM is located, the less chance someone is going to try and break into it. Make sure that the areaย directly above the machine and the surrounding area has the proper lighting. This will also help customers feel more at ease when completing a transaction. No one wants to withdraw cash from an ATM in an area that is dark. Added security to a machine can help protect the money inside and help draw in customers.
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Place the machine inside your store.
- Properly secure windows and doors to prevent people from trying to break in and remove cash each evening like a cash register.
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Install an alarm in your store so if someone tries to get inside they will trigger it.
- Your machine should be more secure if it is inside your business. An alarm usually makes criminals move to the next target where they donโt have alarms. Alarms are inexpensive these days and go a long way to make would-be criminals think twice about breaking into your business to steal your ATM or any other valuables inside for that matter.
The Future of ATMs
ATMs are far from becoming obsolete, we know this to be true. These machines are evolving into devices that can complete the same type of transactions as tellers. ATMs are also turning into machines that can help a person get cash in a matter of seconds as opposed to minutes. New machines will start popping up in the next few years that will change the way you think of automated banking. Get an idea of whatโs to come in the future for ATMs.
Banks are adopting ATMs that resemble tablet devices. These machines take the place of a teller and can receive your check, dispense cash, and complete most transactions a teller would handle. This allows banks to provide superior customer service by providing tellers on the bank floor to greet customers and answer any questions present. Tablet ATMs do not threaten a tellerโs job; they simply allow banks to create a more welcoming atmosphere for customers.
How will these New ATMs be More Convenient?
Gaming consoles have used motion sensor technology for years and now ATMs will too. A new motion sensor machine is currently being developed. People that are wary about germs on a keypad do not have to worry any longer. These ATMs allow users to use their hands to pass motions. A number of transaction options are available at these ATMs. The current design has a woman sitting to produce a calm mood for the person using this type of ATM.
We have all experienced waiting in line to withdraw quick cash while the person in front is completing a series of transactions. The Tower is an ATM that is designed specifically to dispense cash. This machine will speed up the lines so that people do not have to wait to get cash. A user sets up a withdrawal from their cell phone and then taps the machine to get cash. These machines can help people in need of quick cash move quickly while others complete longer transactions at traditional ATMs.
Another machine designed to get you money in seconds is the cash barrel dispenser. All that is required is your debit or credit card and thumbprint. There is a selection of withdrawal options available and within seconds a user can take cash. A machine like this takes the worry out of being cautious about inputting your pin number while at an ATM. No one can learn your personalized pin with an ATM that only requires your thumbprint.
Businesses can benefit from having multiple machines available for people to complete simple or complicated transactions. The different machines allow banks to provide customers with a variety of options to choose from to complete a transaction to their liking. The ATM machines of the future have unique designs and offer solutions to make lines move faster. An investment into one of the machines of the future can prove to help make customers pleased with the selection of ATMs available.
Discarding Used ATMs
What are the Right and Wrong Ways to Dispose of an ATM You No Longer Need?
Automatic teller machines, by and large, have a lifespan lasting between seven and ten years. Not due to them wearing out but due to technological advances and new laws requiring ATM upgrades.
If youโve just purchased a new ATM for your place of business due to the voice guidance text to speech ADA guidelines, and you want to get rid of (decommission) an old, obsolete ATM, you have to think carefully about how to do so. Itโs a really bad idea to just take it to the town dump.
For one thing, the various electronic parts of an ATM make it hazardous to the environment. Another problem is that thieves and hackers who come across a thrown-away ATM could bring it home, or even just bring parts of it home, may figure out what information is on it, how to use it to harm you, or even how the various security systems work.
This could lead to discovery of new methods for harming your business, or breaking into these machines to steal passwords and customer account information. This is a practice known as โreverse engineering.โ The idea that criminals would do such a thing is not mere speculation, either. Some would-be thieves have already been apprehended in junkyards trying to do so. As a business owner, you could be found liable in court if you were to discard an ATM improperly and as a result your customersโ accounts were compromised.
The ATM Industry Association โ an influential international trade group that was founded in 1997 and includes more than 1300 members โ considers the problem of discarded ATMs to be so serious that it created a detailed guide on how to throw these machines away. Called โBest Practices for Decommissioning ATMs,โ this white paper was issued in early 2011 and is available to ATMIA members.
When it comes to the best practices for decommissioning ATMs, discarded ATMโs are an especially ripe target for crooks. The Encrypted PIN Pad (EPP) is the most vulnerable. The EPP is the piece of technology that encrypts โ encodes so as to disguise โ customersโ personal identification numbers as they use ATMโs. Hackers want to get their hands on EPPs, learn how they work, and find out what their vulnerabilities are. Therefore, ATM owners should disable, or even better, completely destroy an EPP before getting rid of an ATM.
What Can I Do with My Old ATM?
The best measure of all to take, is to call a professional ATM scrap business to throw away your ATM for you. This way, you can be positive that your old EPP is of no value to hackers. In addition, the discarding professionals will make sure that all environmental laws are followed throughout the entire process. For instance, theyโll know how to properly remove and separate the ATMโs metal parts, plastic parts and cables so that each group may be recycled properly.
If you run a small place of business, you might find that the cost of ATM disposal is something of a burden. You can alleviate the cost, however, by trading in your old ATM. Many ATM vendors, both physical stores and online sellers, offer money for used ATMs, or for certain parts of used ATMs. Note that youโll have a much easier time trading in your used ATM if the machine is five years old or younger. If your ATM becomes obsolete, it will be difficult to trade in. Further, no matter how reputable the enterprise thatโs taking your ATM, always destroy the ATMโs PIN pad and hard drive (if any) before turning it over.
Itโs also wise to try to negotiate a free disposal before you purchase a new ATM. That is, whenever youโre shopping for a new automatic teller machine, ask the vendors youโre considering buying an ATM from if theyโd be willing to take away your old ATM, free of charge, when youโre finished with it. If acceptable, have them include that promise in writing.
To be safe, simply remove all electronic components such as the mother board, memory, processing chips, keypad and other electronic components. Once the keypad and electronic components are properly destroyed the steel enclosure can be recycled by a scrap metal yard.
Finally, ATMs that are no longer in use, that youโre planning to throw away at some point, should be guarded just as securely as ATMs in active use. Be sure to remove the keypad and any storage device such as the motherboard to include the memory and processing chip before simply putting it in the back room or out near a dumpster. ย When in doubt, contact your local professional recycling company.