Coronavirus impact and updatesOne of the more recent impacts of the COVID-19 pandemic, which has taken everyone by surprise, is the shortage of coins. Yes - that form of cash that is the least favored by most everyone; quarters, dimes, nickels, and even pennies.
As the country reopens, financial institutions are increasing their orders of coins, reducing the Fed's inventory below normal levels. Due to the pandemic and the closure of bars and restuarants that receive coins from consumers, and the temporary shuttering of many bank branches, the Fed is not receiving as many coins back from financial institutions. And mint production is down due to work restrictions. Allocation went into effect on June15th.
Bank notes, on the other hand, remain in plentiful supply. ATM operators, financial institutions and independents alike, are reporting surges in cash demand. After the fear-mongering over the safety of cash a couple months ago, the use of cash seems to be getting back to normal.
Following the devastating impacts of the COVID-19 pandemic, and taking into account the results of the member survey in April 2020, including the list of pain points experienced by members during the crisis, ATMIA announced last month its committment to a broad, global ATM and Cash Revival Plan.
As part of that revival plan, the ATM Hygiene & Safety Committee held its first meeting last month. Its mission is to create protocols and best practices for ATM cleaning and hygiene. ATMIA will also develop a webpage with a showroom for cleaning and “added hygiene” technologies.
ATMIA continues to update its Coronavirus page on our website. That includes daily reports on how the states are handling their response. Check the News Feed section of that page late in the afternoon for the most current information.
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Stay safe and keep well,
David
Feel free to reach ATMIA USA executive director David Tente by email at david.tente@atmia.com or telephone +1.407.833.7906.
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Cashless ban updatesThe latest hearing on California's SB 926, which would require retail locations to accept cash payments of up to $5,000, was held on June 18. The measure was previously passed out of the Senate Business, Professions and Economic Development Committee and referred to the Senate Appropriations Committee. Text of the amended measure is available from the interactive map on the ATMIA U.S. Region home page.
Although Senators Cramer and Menendez introduced a companion bill, S 4145, to the Payment Choice Act on July 1, the text of the bill has still not been provided.
Meanwhile, H.R. 2650 has not seen any further movement, but now has 41 co-sponsors, 10 of which are from the Republican side. ATMIA members are encouraged to contact their Representative and Senators and ask that they also become a co-sponsor of these bills.
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Washington, DC Fly-in cancelled due to the pandemic
Washington, DC is opening up far more slowly than first anticipated. And the future state of local unrest there is uncertain at this point. Therefore, regrettably, it has become necessary to cancel the 2020 fly-in event. Even if the situation were to have improved, it is quite likely that legislators and staff will continue to be preoccupied with current events and unavailable for non-related discussions.
Planning for our 2021 DC Fly-in is already well underway. Wednesday, March 24, 2021 has been confirmed as our day on Capitol Hill. Our strategy meeting will take place March 23rd at 5:00pm ET.
We are looking for a Fly-In Sponsor! This is a great opportunity to host a very visible and important advocacy event – and give your organization some unique exposure for the next eight months.
For more information about sponsoring or participating in the Fly-In, contact David Tente.
Fly-In Sponsor Logo Here!!
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Become a NextGen Champion today!Our project has exceeded all expectations. It has proved to be an awesome, global future-proofing exercise.
Now, it’s time to become Next Gen Champions as we move forward powerfully as an industry to implement the global project. We will need to fund the upcoming PR campaign, the development of standards and the creation of an ATMIA self-certification tool, among other steps.
ATMIA has been a leader in the ATM industry for over 20 years and this is the greatest project our association has ever facilitated. Over 330 companies worldwide are now participating. Learn more . . .
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Contact Hope Lerman at ASA for more information or to join.
*Offer valid until July 31, 2020. Use Promo Code: HLJUL25
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The Cash RepositoryThe 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 & Resource
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Committee UpdatesCheck out what's happening with our committee groups:
New Software Distribution ForumA Software Packaging & Distribution Work Group was formed late last year upon requests from a couple of our larger bank ATM deployers. As ATM software has grown more complex, security concerns multiplied, and functionality expanded to enhance the customer experience, the task of managing software distribution has become very challenging. Manufacturers and larger deployers are managing thousands of USB sticks and looking for better ways to deliver updates and reload hard drives.
This discussion forum has been created as a vehicle for sharing best practices and new ideas for simplifying the packaging and distribution of ATM software. The Forum is open to all ATMIA members, but will probably be of most interest to banks, larger independent deployers, and manufacturers. For more information, contact David Tente.
New ATM Hygiene and Safety CommitteeATMIA has created a new international committee to look at best practices for ATM hygiene and cleaning for the pandemic and post-pandemic phases for the industry. Through collaboration and consultation with our members we’ll develop international best practices. We will do our work through conference calls and email, and no in-person meetings or travel will be required. The group's first meeting was earlier this week and very well attended.
If you wish to be part of this important new initiative, contact Mike Lee to be added to the committee list, or add it to the Committee Preferences in your account, to receive an invitation for the next conference call.
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ATMIA Facebook Page
Have you checked out ATMIA's Facebook page yet? Here are some of the benefits of joining our community on Facebook:
Keep abreast of ATM industry news and developments on:
- Latest technology
- Operational efficiencies
- Upcoming ATM focused events
- And more….
On our page, you can find all things ATM's and so much more. "Like" us on Facebook us today!
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Upcoming committee meetings
U.S.Government Relations Committee (GRC)
The GRC meets regularly to discuss regulatory and compliance issues affecting the industry, from federal, state, and local governments. It meets next on Thursday, July 16 at 11:00am EDT. Meeting invitations have been sent to all committee members.
Sponsoring Financial Institutions (SFI) Committee The SFI Committee meets annually and is open to sponsor banks only. The next meeting is scheduled for Thursday, August 6 at 11:00am EDT. Meeting invitations will be sent to all committee members
Software Distribution ForumThe Software Distribution Forum meets quarterly to discuss the increasingly complex task of distributing ATM software and is open to all ATMIA members. The next meeting is scheduled for Wednesday, August 19 at 11:00am 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. The next meeting is scheduled for Thursday, August 20 at 11:00am and is open to all U.S. board-level members.
Independent ATM Deployers (IAD) CommitteeAll IADs and their providers are welcome to participate in the IAD Committee, which meets bimonthly. The next meeting is scheduled for Tuesday, August 25 at 11:00pm EDT. Meeting invitations will be sent to all committee members.
Questions and requests for committee meeting invitations may be directed to David Tente
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Welcome our new membersNew U.S. members since the last newsletter was published:
Associate & Small Business level memberships Elliott Management, New York, NY
Did You Know? You can upgrade your membership level at any time. Move up to Board level for greater visibility and a stronger voice in the direction of the Region. Interested in becoming a U.S. Regional Board Member? A unqiue membership level for financial institutions? 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.
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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 a discount on their own membership renewal. For a limited time, earn up to $500 USD in discounts on yhour next renewal as part of ATMIA’s new Membership Referral Program. Each referral is worth $100 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. For mor details about how it works, click here.
Members can find their own personal link and email text/images to use under the ‘Member Referrals’ icon in their My ATMIA Account section of the website.
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Note to Hiring Mgrs: the ATM Industry Career Center is here to help!We understand that Hiring Managers are looking for more than a simple job board, when it comes to finding and recruiting new ATM channel talent. The ATM Industry Career Center is a robust recruiting resource that you will want to check out – and offering a “Back to Work” promotion that has been extended for the entire month of July.
Employers can set up a free account on the ATM Industry Career Center website. ATMIA membership is not required, but members do receive discounted rates. Once your account is set up:
- Post jobs online quickly and easily, including confidential postings
- Manage applications
- Search resumes
- Set up and email resume alerts
Make your company stand out among other employers with a variety of branding opportunities.
- Create and attach a 60-second video to your postings
- Use an enhanced job posting that can include elements of your company profile
- Create and post a company profile page
- Be part of the banner ad rotation
- Make your posting a Featured Job to gain more attention
For the entire month of July, purchase two 30-day postings for the price of one, and use them any time during the next six months. So be ready to start re-hiring when the time is right.
Contact ATMIA USA Executive Director, David Tente for more information.
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Take the podium and share your expertise
What part will you or your organization play on the transformative path to NextGen ATMs for cash access and digital services? The future is already here. But the true evolution of the ATM is just beginning. And how will the ATM be relaunched and ensure the future industry growth in the post-pandemic phase? Industry experts and visionaries will be gathering at Mandalay Bay in Las Vegas, February 3 -5, 2021 to share their ideas and industry progress towards the NextGen ATM.
Speaking proposals are now being accepted for the 2021 ATMIA U.S. Conference. Be a part of the world’s largest and most prestigious ATM-focused event. Sessions addressing our theme of “NextGen ATMs – a new path to a transformative future” are preferred, but not required. Simultaneous breakout sessions on Conference Day 1 are segmented by demographics – financial institutizons, independent ATM deployers (IADs), and the general ATM industry.
Organizers are also being sought for Preconference Workshops on select topics that require a more detailed and interactive discussion. These are 3-hour sessions during our Pre-Conference Day, prior to the official start of the conference and typically involve multiple speakers. Suggested topics for 2021 include recycling, outsourcing, and progress with biometrics.
The deadline for our "Call for Speakers" has been extended to July 23, 2020. Please respond to this “Call for Speakers” by completing a proposal form.
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Membership Benefit ReminderThere 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.
Best Practice Library Overview & Executive Summaries
Best practices help set the international standard for governing the industry and its assets. We invite you to review our library of international best practices and our growing library of translated best practices. Review executive summaries from two of our newest best practices to explore the kind of information and recommendations covered. Since 2003, ATMIA has been drawing on the expertise of global ATM specialists to help the association compile its impressive range of industry best practices.
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Sponsor the U.S. NewsletterWant to put your product or service in the spotlight for nearly 5,000 ATM industry professionals?
- 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.
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July Memberof the Month
Hyosung has continuously invested in R&D to develop cutting-edge technology, while improving customer satisfaction through dedicated services, to become the best in the world. They built their first computer manufacturing factory in Korea in 1979 and have strived ever since to maintain a strong commitment to innovation in their financial product and service offerings. Hyosung is an ATMIA Global Sponsor and one of its most loyal members, having first joined in 2002.
Hyosung retail sales director, Marvin Bowers commented further about the value they find in ATMIA membership and conferences:
"A major benefit of ATMIA membership is being able to share innovation, ideas, and trends in our industry in a community environment. The platform that ATMIA provides is a great basis point for all types of vendors, customers, and end users to meet and share openly without an ulterior agenda- it is a great place to build credibility with one another and learn!
We are a major sponsor at most ATMIA events and find value in the ability to show off new products and services. But, the connection with the market is the most important benefit at the events- to be able to see the hard work our company puts into research and development appreciated by the actual customers in a relaxed setting is amazing."
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