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Advanced ATM Technology: Too Fast, Too Furious?

Published by: TowerGroup

Published: Aug. 3, 2004 - 5 Pages


Table of Contents


TowerGroup Take-Aways




Report Coverage




TowerGroup ViewPoint

Stealthy Hot Rods

Why Build Ferraris Now?


Exhibit 1: Timetable for Windows-based ATM Penetration Globally (1998-2006)


Check 21

New Products: Faster and Cheaper

CRM at the ATM




Summary

On Your Mark, Get Set...

Abstract

For the last 10 years, ATM manufacturers have been building high-performance-banking devices, but until recently, all that power has gone unused because of customers' lukewarm reception for almost all the advanced functionalities. Banks have been using souped-up machines to offer only basic banking services. However, indications from a joint TowerGroup and American Bankers Association survey point to an increase in ATM spending in 2004, and recent bank attendance at ATM conferences points to a renewed interest in unleashing the full potential of today's ATM technology through new and better ways for banks to interact with customers. Deposit automation and relationship management at the ATM will finally make effective use of the supercharged ATMs being built today.

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