|
Dear Valued Member,
We’re in the final quarter of the most difficult year for most businesses in decades. Many of us won’t be sorry to see 2020 end, given the once-in-a-century pandemic and associated economic losses the world has experienced. But there is light at the end of the tunnel, with substantial progress being made in vaccine development and with Next Gen ATMs ready to be launched in November.
I think 2021 will be a transitional year in which semi-normalcy and then normalcy will gradually return. It will be transitional, too, in that mass migrations will continue in our industry to W10 operating systems, the new XFS4IoT standard and the Next Gen ATM ecosystem with its integration of ATMs and the mobile platform, as investments in self-service increase across the world.
Our industry can be proud of how we dealt with this massive challenge in 2020. Not only did the ATM industry continue to provide cash access at the frontlines throughout the pandemic, but we signed off a new global ATM hygiene protocol for a more hygiene-conscious society and stayed on track to deliver the Next Gen ATM ecosystem before year end. I would like to thank you for all your efforts in keeping our industry as strong as possible under this huge duress and for keeping innovation going as we look ahead with great eagerness to life after the pandemic.
| |
Member of the Month
Our Member of the Month for October is-
Founded in 1965, Altron has a direct presence in South Africa, rest of Africa, Europe, the Middle East and Australia. In addition, the group’s strategic partnerships with leading international technology companies gives it access to leading technology capabilities and products from across the world, including Asia, Europe and North America.
Most of the groups revenue and headcount are derived from the local market in South Africa where the group is headquartered. The group’s primary focus is in providing innovative solutions in the fintech, healthtech, safety & security, and learning and development verticals that have a meaningful impact on society by addressing challenges facing communities in South Africa, the continent and beyond, while delivering shared value for all its stakeholders.
They have been loyal ATMIA Board members since 2018.
| |
| | Unique Attributes of Cash
| |
|
We begin our series on the unique attributes of cash with a value which most people in the world rate very highly – privacy. Whereas all electronic, online and card transactions are tracked, cash transactions are private. The cash doesn’t leave a data trail. This makes cash the most silent of payments. A cash transaction happens instantly between the buyer and seller without generating data on the individual which can then be sold on for third-party marketing purposes without that individual’s consent. A cash payment, being private, does not compromise the individual’s right to privacy of information about the transaction. The data generated by electronic transactions, by contrast, can be used and misused numerous times, compromising the individual’s right to privacy. Furthermore, in autocratic, non-democratic states, the data generated from electronic transactions can be used by oppressive governments to track the movements and behaviour of individual citizens, compromising their freedom. There is a growing danger in so-called surveillance societies that human freedom can be diminished to a point where human rights can easily become compromised. In short, cash is a bulwark against attacks on human privacy and freedom, whether from autocratic governments or from entities selling data about individuals, without consent, to the highest bidder. The privacy of cash protects individual human freedom.
| |
|
ATMIA Issues Word of Caution on Media Reporting of a New Scientific Study on Coronavirus Survival Rates on Surfaces
ATMIA called out sensationalist media headlines reporting on a new scientific study by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the Australian Centre for Disease Preparedness about how long the new coronavirus can survive on a variety of surfaces.
“The deliberate use of fear-mongering hyperbole in headlines like ‘Coronavirus May Stay for Weeks on Banknotes and Touchscreens’, such as has appeared in Bloomberg news, does a disservice to the CSIRO scientists trying to better understand how long the virus persists on surfaces,” commented Mike Lee, CEO of ATMIA, President of the ATM Security Association and Chairperson of the Consortium for Next Gen ATMs.
| |
|
2020 ATMIA Member Survey
ATMIA strives to continually improve the benefits and offerings we provide our members and the ATM industry. To help us with our planning for 2021, please take a few minutes to tell us how we are doing and which issues you feel we should be working on in the 2021 and beyond.
Just for completing the survey, you will be entered to win one of two prizes! A free year of membership or a free conference pass to a 2021 ATMIA conference of your choice will be awarded once we receive 50 or more survey responses!
| |
|
ATMIA Launches New Membership Level to Support the ATM Industry During Current Economic Downturn
ATMIA has announced a new STARTUP Membership Level that will provide ATM businesses with all the benefits of a Regional Associate Level membership for just $500 ‒ in order to provide cost-savings during this economic downturn.
“Typically, we only extend a special membership offer once a year,” said ATMIA Global Director, Finance & Member Services Sharon Lane. “But this is certainly not shaping up to be a ‘typical’ year and we wanted to do something special to provide extra support to members, just like we did during the financial crisis of 2008-2009.”
The best offer ATMIA has ever put forward, this limited time membership represents a 60 percent discount from regular prices and is $100 less than the Small Business Level membership, but with more benefits. Contact Erika Navarrete to join!
| |
|
GET INVOLVED - GET NOTICED: Become a Next Gen Champion!
| |
| Today, we invite your company to become an official ATM Next Gen Champion. Your company will not only be supporting the future of the ATM industry but be noted as one of those leading the way! The details and benefits of the Champion package are at this link for you to consider. Our packages start at $1200 per year – that is only $100 per month. If everyone contributes a little we can achieve a lot!
For questions or get signed up contact Dana Benson.
| |
|
Next Gen ATMs Newsletter
Check out the most recent issue of ATMIA's Next Gen ATMs newsletter. The newsletter provides you with the most recent news and industry updates. And don't forget to subscribe to the newsletter!
Read more here.
| |
|
News From ATMIA Members Worldwide
| |
|
South African banks prepare to phase out paper cheques
The humble paper cheque may be on the verge of extinction in South Africa, as banks begin moves to phase out the age-old method of exchange in favour of cards and digital payment mechanisms.
Major banks Nedbank, FNB and Absa have already announced plans to discontinue the use of outdated cheque payments beginning in January of next year.
The Payments Association of South Africa says that it anticipates that even more banks will be issuing similar public announcements in the next few months.
Read full article.
| |
|
Invitation to Partner in a New Umbrella Entity, in Retail Payments - Opportunity for Trade, Commerce, Investments
Central Bank (Reserve Bank of India-RBI) had announced that with a view to minimize the concentration risk in retail payment systems, from a financial stability perspective and to foster innovation and competition, the Reserve Bank would encourage more players to participate in and promote pan-India payment platforms.
Read full article.
| |
|
How COVID-19 is transforming ATM strategies
Even before the coronavirus pandemic, financial institutions were working to align digital and physical touchpoints with the desires of customers. But in our new reality of both economic calamity and limited interpersonal contact, banks are facing a real-time, wholesale shift in distribution channels. The stakes of getting these accelerated changes right is more necessary and challenging than ever.
Consumers have no doubt embraced digital banking more during the pandemic, but they still use ATMs to get cash. Even millennials, with their digital-first reputation, have a strong affinity for cash. The ATM Industry Association reported that several factors, from lower incomes to reduced credit accessibility, encourage this cohort to use cash regularly.
Read full article.
| |
|
Submit an Article for Publication in this NewsletterSupply up to 250 words, your company logo and/or photograph (as separate .jpg or .png files), and your company website address. Please email material to Erika Navarrete.
| |
| Join Today!
Contact Hope Lerman at ASA for more information or to join.
*Offer valid until Oct. 31, 2020. Use Promo Code: hloct25
| |
|
Coronavirus and ATMs: Updates and Messages
ATMIA has created a webpage for fact-based messages about how the coronavirus pandemic affects us and our industry. ATMIA is here for you and for all ATMs throughout the world. You are constantly in our thoughts. Please stay safe.
| |
|
Get the Most Out of Your ATMIA Board Membership!
Don't see your logo listed on the side of this newsletter? Upload your company's logo to your membership account or send it to Erika Navarrete.
| |
|
The Cash RepositoryA wide range of current data and information about the global role of cash in society, from a variety of sources. Find more resources including reports, articles, white papers, position papers, infographics, videos, links and presentations at CashRepository.com.
Recent Articles & Resources:
| |
|
Market Intelligence LibraryThe MIL contains some strong overviews of the payment and regulation landscapes in a number of different countries. It includes recently issued articles and document on ATMs and payments, plus key items from the press.
The following links will take you to listings of current interest:
| |
|
Join or Renew Your Memberhip with ATMIA
| |
Make a Contribution to any ATMIA Industry Fund
| |
Banking on a real-time balance system
November 19, 2020
9:00 am - 10:00 am CST
| |
Reimagine the Retail Payment Experience
December 2, 2020
11:00 am - 12:00 9m CST
| |
| To retain your Board logo in each issue your membership dues need to be current. Please contact Erika Navarrete.
| |
|
-ltd-logo.png){kind=logo}
