April 2019 issue
April 2019 issue

Advocacy

Bans on cashless retail businesses gaining ground 

Efforts to protect the consumer's right to pay with cash have made some significant gains in the past few weeks.  It has been reported that Amazon pivoted on its intentions to make all Amazon Go stores cashless.  Regardless of the reason, we commend them for this change in policy.  It keeps the doors open for millions of unbanked and underbanked consumers.

Governor Phil Murphy signed New Jersey's ban on cashless retail establishments into law on March 18th.  At least two versions of a similar bill are being debated in New York.  The Oregon bill allows exceptions for transaction deposits that might exceed $100.  Multiple hearings have been held - most recently on April 9.  Connecticut's bill was referred to committee last month.  The City of Philadelphia passed it's own ordinance earlier in the year.  New York City and San Francisco are actively considering their own local versions of cashless bans.

Even those with a vested interest in a cashless environment should take a moment to consider factors outside of payment choice.  In times of crisis – regardless of the cause – cash is often the only option.  The only viable back-up system in all such circumstances is cash. 

Although every U.S. banknote clearly states that "This note is legal tender for all debts, public and private", there is no federal law that requires acceptance of cash.  And there does not appear to be distinct support for such a law – at least, not at the present time.

That being the case, ATMIA will continue to support efforts to ban cashless retail establishments at the city and state level.  This is in addition to our ongoing advocacy for cash and consumer payment choice.

David Tente
Best regards to all, 
David
Feel free to reach ATMIA USA executive director David Tente by email at david.tente@atmia.com or telephone +1.407.833.7906.

IAD bank account closure survey report now available

ATMIA created the 2019 IAD Cash Settlement Account Closure Survey to evaluate the impact of sudden cash settlement account closures experienced by many IADs (Independent ATM Deployers).  It sought to determine how widespread this problem is, what circumstances surround a typical account closure, and how operators are dealing with it.  The survey was open to all independent ATM operators/owners/acquirers – both ATMIA members and non-members.     
Survey results show that 12% of respondents have never had an account closure and the largest single segment (27%) have had only 1 closure.  At the other end of the spectrum, only 14% have experienced more than 5 account closures.  Fleet size does not appear to play any role in those numbers.  Although 42% of respondents operate 100 or fewer ATMs, they are about as likely to have a history of 3 or more closures as an operator with over 1,000 terminals.
Even one account closure for questionable reasons is too many and can be catastrophic.  But independent operators overall do seem to be handling their account closures reasonably well.  About 77% were given 60 days or less to terminate their bank relationship.  And a total of 96% were able to find a new bank relationship in less than 60 days.  Although that search can be intensely frustrating, nearly all are successful in the end. 
The full survey report is available for download from the ATMIA U.S. Region home page.  Direct any press inquires or questions about the survey to ATMIA USA Executive Director David Tente.  Contact the ATMIA membership team for information about the benefits of ATMIA membership

Did you miss the last EFTA legislative & regulatory call?

All ATMIA members are welcome to join the monthly EFTA legislative and regulatory call.  A notice of the call is generally sent out a week or two in advance.
Calls are recorded for those not able to dial in at the prescribed time.  To listen to the most recent call, login to your ATMIA account and go to the Regulatory Monitoring page for the U.S.  Scroll down until you see the EFTA logo and make note of the dial-in information.
Anyone with questions about ATMIA USA advocacy efforts may contact David Tente

Visibility

Hiring new ATM talent? 

The new ATM Industry Career Center offers both employers and job seekers an opportunity to connect with ATM industry talent and job opportunities.  And manage their searches with the most robust tools available.  This is no post-and-forget black hole of a job board.
The Career Center has now registered 115 job seekers.  And today there are 5 jobs posted from 3 different ATMIA members.  Dozens of jobs are also pulled in from other websites.
This is a niche job board created specifically for the ATM community, so our candidates have the specialized skills and relevant, up-to-date experience to match exactly what you’re looking for.
Employer tools:
Targeted advertising exposure
Easy online job listing management
Resume search included with job posting
Automatic email notifications when job seekers match YOUR criteria
Member discounts available

ATMIA members get industry-specific precision at about half the cost of comparable career sites - $200 for a 30-day job listing.

For more information, contact U.S executive director, David Tente, or global director of finance and member services, Sharon Lane.

ATMIA at other events

ETA TRANSACT

ATMIA Executive Director, David Tente will be attending TRANSACT April 30 - May 2 in Las Vegas.  If you expect to attend, email David to set up some one-on-one time to discuss your thoughts on the future of ATMs or industry issues.
David Tente will be co-presenting at Forum with Carol Spacogna, VP, Product Strategy.  NextGen and the future of ATMs and ATM services is the topic of their session.  The event will run from May 6 - 9 at the Mandalay Bay Resort, Las Vegas, NV.

ATMIA Membership Benefit Reminder

There are so many benefits to ATMIA membership, it's easy to lose track of them all.  Watch the Newsletter each month for reminders about one of those membership benefits and tips about how to take advantage of it.
ATMIA Board Members & Sponsor Benefit
ATMIA board members and sponsors are encouraged to share their newsletters with ATMIA to further expand their marketing reach through our website and social media. Keep up to date on the latest news in the ATM industry. This Link takes you to the most recent newsletters from our board members and sponsors.

Sponsor the U.S. Newsletter

Want to put your product or service in the spotlight  for nearly 5,000 ATM industry professionals?
Sponsorship includes:
  • Logo and website link in newsletter top box, right column
  • Ad supplied by sponsor and sized to 420 x 200 pixels
Sponsor the U.S. Newsletter for a month, a quarter, or a full year.  Contact Sharon Lane or David Tente for more information.

Connections

Upcoming committee meetings


Financial Institution ATM Deployer Forum

The FI ATM Deployer Forum group changed to an every-other-month (odd numbered months) meeting schedule, still on the third Friday at 2:00pm ET.  It meets next on Friday, May 17 at 2:00pm EDT.  Meeting invitations will be sent to all committee members. 


U.S. Regional Board

The U.S. Regional Board meets quarterly to discuss important issues, committee activities, and the financial health of the chapter. This meeting will be led by new co-chairs; in the process of being elected.  The next  meeting is scheduled for Wednesday, May 15 at 11:00am and is open to all U.S. board-level members.   
Questions and requests for committee meeting invitations may be directed to David Tente

Welcome our new members

New U.S. members since the last newsletter was published:  
Board level membership
    Benchmark Technology Group, Alpharetta, GA
    Cassida Corporation, Inc, San Diego, CA
Financial Institution level membership
   Banco Popular de Puerto Rico, San Juan, PR
   TCF Bank, Plymouth, MN

Did You Know?  There is an upgraded membership level for banks and credit unions.  The Financial Institution Level of membership includes a seat on the regional board and free ATMIA Academy training.  Interested in becoming a U.S. Regional Board Member?  Board level membership is available to all ATMIA members.  Contact David Tente for more information on this and other membership options.
Don't Forget - if your membership is expiring soon, you can receive a 5% discount by renewing before the end of the month in which it expires.

Earn Discounts on Your Membership and Offer New Members a 20% Discount

ATMIA members can now offer friends and affiliates 20% off membership AND earn up to $250 USD in discount on their next membership as part of ATMIA’s new Membership Referral Program. Each referral is worth $50 USD. 
“To make it as easy as possible for members to promote the referral program, ATMIA has put together a variety of resources and each member company has been assigned a unique referral codes that can be found under the ‘my account’ tab on the ATMIA site,” says Amber Howell, ATMIA Membership & Social Media Manager. 
To learn more, contact Amber Howell.

Education

Last month ATMIA announced the publication of an updated Best Practices manual for Cash in Transit (CiT) in the U.S. market.  The original manual was released in 2011. This revised version incorporates a variety of updates reflecting new technologies and evolving standards for the industry.
Current events and statistics have been included in a new “Introduction” chapter to provide an overview of the crime landscape for CIT providers and as a reminder of the importance of due diligence and following industry best practices. In recent years there has been a significant increase in cash thefts associated with CIT carriers at their vaults, in transit and after the funds have been loaded into the ATM.  
In an effort to foster a better and easier understanding of the manual, a “Key Terminology” chapter was added to the end. This new chapter includes detailed definitions for 62 key terms that are used throughout the manual, a few of which may not be familiar. ATMIA members can download this and other industry Best Practices from the ATMIA website.  
https://www.atmia.com/education/purchase-reports/

The Cash Repository

The Cash Repository is your source for a wide range of current data and information about the global role of cash in society, from a variety of sources.
Recent Articles & Resources
Newsletter Sponsor

April Member

of the Month


Cummins Allison is a global leader in providing best-in-class solutions that set worldwide standards for accuracy, dependability and ease-of-use. Their products resolve currency and image-processing challenges with unequaled speed and precision – reducing transaction times and maximizing productivity.  New products that revolutionize the way financial documents, coin and currency are handled have led them to expand their offerings – including a complete line of full-function ATMs, and application-specific software solutions.  Cummins Allison has been an ATMIA member since 2013.

Showcase your ATMs on our ATM locator page!

The Withdraw Cash Wednesday social media campaign is in full swing. Last year was a good start, but the best is yet to come as Withdraw Cash Wednesday builds momentum in 2018 and into the future. We need your help to make this a success, so:
  1. Join the Campaign!
  2. Become a Sponsor.
  3. Order Decals and Signage.
  4. Spread the Word
  5. Volunteer your time to the campaign
To learn how you can help, visit our website
https://bankcustomerexperience.com/?utm_source=ATMIA&utm_medium=email&utm_campaign=newsletter-banner
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