ATMs - How Does The Retailer Decide?

The first step is to determine the overall payment structure. Step two, decide what type of money conversion service will be offered. Finally, to step three where retail locations, transit times and other factors are considered before opening for business.

An ATM - or automated teller machine - can be a useful tool for customers that does not have time to visit a branch and may only require cash for transactions such as parking meters or vending machines. 

ATMs offer useful financial services such as cash withdrawals from checking accounts, deposits from checking into savings accounts, transferring funds between various accounts held at the same bank, obtaining the balance in an account and paying bills at home with out going into a branch office.

Conclusion of this article suggests that the most important role in the ATM business is to provide quality service and enhance the services.

According to "Tauxco", using a retail setting requires specialized training of staff with an eye for detail, which may not be present in a branch-based system. Therefore, some drawbacks may exist when using retail settings. Although all banking options are listed in this article, limits on fees, no branches and less-trained staff are all factors that must be considered before opening a branch as an ATM.

In September 2005, Tandberg announced plans to build its fifth POS terminal manufacturing facility in Moss Point, Mississippi.