ATMs have lived to mid-life crisis

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Photo: Stephen Lam / Reuters

ATMs in the United States lose their relevance on the background of a large number of digital payment methods, writes Bloomberg.

In the words of publication, the industry of ATMs came to the midlife crisis.

Over the past two years the number of ATMs in the country remains largely unchanged, from 2010 to 2016 the number of active terminals increased by only 1.4 percent, leads the Agency data consulting RBR. Manufacturers of banking equipment worried that this trend will affect their business.

“The total number of ATMs in the United States is approaching half a million. This, in our view, the high level of development”, — told CEO of the company-manufacturer Triton Systems ATM Daryl Cornell.

In industry Association ATM Bloomberg said that the equipment manufacturers are introducing new features, for example, contactless terminals, or binding to cell phones. According to Sam Ditiona consulting Tremont Capital Group, many companies are trying to diversify, he believes that neither the ATM nor the more cash is not going anywhere.

A study by Business Insider Intelligence 2015, the data which leads Bloomberg, showed that 40 percent of Millennials intend to refuse cash if it will allow the possibility of their Bank cards.

Video, photo All from Russia.



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