ATM and Personal Security

 The Importants of ATM and Personal Security

ATM and Personal Security

Automatic teller machines are cash dispensers and are a wonderful convenience item for those individuals who are busy with traveling or other life responsibilities and need access to cash in a hurry. But while they certainly can and do make life a little easier, they can also give pause to daily activities when using an ATM because there are other things other than fast cash that a person should consider for their own safety and personal security.

It is a common understanding in general that everyone needs to be careful for their safety when they’re using an ATM, but there are also some nuances that the person should be aware of as well. It’s important to be aware of small details regarding personal safety and security, but it’s also just as important to take the necessary steps that are required in order to protect a person’s physical body and his money. Here are a few tips in general of which it’s important to stay aware, but the tips will also list a few detailed tidbits of information in addition to the suggested item:

1. Avoid using any ATM if you are alone. Having someone to accompany you gives you more of a sense of security, and lessens the likelihood of someone approaching you that may have ill intentions. This also applies to if it’s day or night as well. It’s highly suggested to either take someone with you or choose to use the ATM when there is heavy foot traffic around the ATM.

2. Do not use ATM’s after dark, if possible. This is not a wise choice for either male or female, and the individual should make sure that they are not using any ATM that’s in a dark or poorly lit area. Also, avoid ATM’s that are flanked by walls, high bushes or even areas where there is none to little foot traffic. The more traffic there is around the area, the less likely there is for something to happen or someone to approach you. This also applies to using drive through ATM’s as well, although it may seem or appear to be a safe thing to do.

3. Examine your surroundings whenever you go to an ATM. Do this as you’re driving up to the machine in your car, walking up to the machine or even while you’re spotting the machine and are about to go up to it. Notice who’s around the area and whether or not they look like they “fit” in or if they’re standing idly by. If there are suspicious people or behavior going on around the ATM, do not use the machine and notify the authorities if the actions look like potential criminal activity may be going on.

4. Already have your card out and information ready to make the transaction once you approach the ATM unit. You don’t want to be looking and searching for anything once you’ve reached the ATM unit, and you certainly don’t want to be distracted just before you use the machine. Potential thieves can spot easy prey when they see a customer fumbling for their wallets or change purses, looking for their cards.

5. Protect your ATM card pin number, and also shield that PIN number while you’re making the transaction. This further ensures that no one can “phish” your information or gain access to your ATM account.

For the most part, ATM’s are very safe and secure to use, although nothing is guaranteed. However, it’s best to have in place as much safety and security plans in order to ensure your personal security. To ensure this, stay diligent and aware of your surroundings at all times, as well as security possibilities that may not, but can, occur.

The ATM Solo Entrepreneur

What is the ATM Solo Entrepreneur?

The ATM Solo Entrepreneur

There are several divisions of the financial services industry that are profitable and fairly easy to maneuver, especially for those who have a keen interest in the industry. Just about any capacity of the industry can be simulated either with a large team of individuals or a one to two person operation. This includes anything from big banking institutions on the corners of large cities to a small team of financial consultants in a strip mall complex.

One such financial service or product that can be managed on a small(er) scale is that of the ATM entrepreneur.  The consideration of managing this type of business in a smaller way is in no way reflective of the amount of business that these entrepreneurs do, but rather it’s indicative of how many people or systems are in place to manage a (sometimes) multi-million dollar business, usually by one or two people.

Getting into the ATM business is not at all that difficult, but like any other profitable business, it does require careful planning and the time necessary to put in the work to get the business up and running. For those entrepreneurs who are new to the industry, getting involved with the ATM business will require that they perform thorough research to determine what methods, systems, products and services are right for them. They will need to find and work with reputable vendors and also find ATM machines that are affordable as well as current enough to keep up with any consumer demands for current and future usage.

The solo ATM entrepreneur usually doesn’t get to work with a team of employees. He essentially manages everything himself, down to re-stocking the ATM’s, troubleshooting any problems and working with other outside vendors to make sure the business is run smoothly.

Owning and managing an ATM business can be very lucrative, especially if the owner has multiple machines at different locations. In order to really be profitable, it’s a good idea to have as many machines as possible running so as to ensure a nice monthly profit from that investment.

At any given time, an ATM owner can easily manage as many 50 ATM’s at once. This of course depends on his personal preferences, but to effectively manage large ATM numbers, there are a few things that the solo ATM entrepreneur should have in place before proceeding.

  • A reputable ATM company will take the time necessary to explain the ATM business to a new ATM Entrepreneur to help ensure success.
  • Find a reputable ATM distributor or ATM Company to work with to buy and/or lease machines.  A reputable dealer may even offer to help find or arrange financing for the ATM machines for the owner, especially if they are just starting in their business.
  • It’s suggested to start slow and install one or two ATMs locally and be hands on to learn all the ins and outs of the ATM business.
  • Once the ATM Entrepreneur gains a thorough understanding of the business a larger portfolio should be considered in order to have a full time income.
  • When considering owning and operating a larger number of ATMs (more than 10), it’s important to consider working with accounting and legal professionals to develop a comprehensive, workable business plan that will turn the investment into profit within a reasonable amount of time.
  • Ensure your ATM Company and service provider is able to provide optimal service to include software updates, hardware upgrades and prompt telephone support for an ever-changing component of this type of business. Many times, software engineers and packages come with the services that are provided by the ATM distributor.
  • As a suggestion, it’s best to work within the local area as a new distributor before branching out to outlying areas. This makes it easier for the new distributor to capitalize on those already-established business relationships for possible machine locations.

There are many business owners who have trailed the path to ATM ownership. Looking to these individuals for guidance and direction is sometimes much easier and more preferable than trying to go do things alone. The business does require a lot of detailed, concentrated work on the front end to get things set up. However, once the initial set-up work has been done, then managing the ATM’s on a routine basis becomes easier as time goes along. Over time, the profits begin coming in as the business grows, making the investment much more worthwhile.

Senate Passes ATM Fee Disclosure Bill H.R. 4367

Senate Passed ATM Fee Disclosure Bill

It was announced late Tuesday evening, December 11, 2012 that the Senate passed bill H.R. 4367, the bill to end the ATM dual fee notification requirement under Regulation E and protect ATM operators from frivolous lawsuits.

This bill will now be passed on to President Obama and will be effective upon his signature.

Note that it is still critical that signage be affixed to every ATM Machine and photo’s be taken with date-stamp (to keep on file) should any lawsuit be filed prior to the bill becoming law.  Proof of installed placards (signage) is your security to prove you installed it and vandals or others removed it to file the suit.  ATM operators must continue to protect themselves until this bill actually becomes law.  Visit our blog to keep informed of any new development.

For a rundown of Regulation E and Bill 4367 watch the presentation below.

Mobile ATMS

Mobile ATMS

Business owners and entrepreneurs want flexibility and convenience in their lives, which is a large part of the reason why they go into business in the first place. Although they may possibly own several businesses, they are able to stay successful and see growth if they can implement as many automated systems as possible into their stream of business. In the ATM business industry, one of most attracting factors of the industry is its ability to be as convenient and flexible for the owners. ATM machines can be installed almost anywhere and in any location so as to serve customers, whether that’s foot traffic or automobile traffic.

Drive-thru ATM machines are one component of the ATM machine business that has made it quite successful because of its convenience factor. Customers can simply drive through the financial institution’s window and make a transaction without ever getting out of their cars. The customer can make withdrawals, deposits or cash transfers with their banks, much like customers who go inside the bank and do the same thing. There are even ATM windows that also have automated voice response windows that interact with customers, answer questions or give directions, much like a live teller would. Although mobile ATM’s are flexible and convenient, there are also other kinds of ATM services that provide even more flexibility to its customers.

No doubt that customers do like the convenience and flexibility of ATM’s, mobile ATM’s are another type of business that’s also a big draw for customers. You’ll find mobile ATM machines in places or events where stationery machines are not conducive to the situation. Whether the situation involves a security risk or simply the logistics of bringing in a stationery machine, which may not be feasible, mobile ATM’s are more of a safety solution or a practical solution for a service that customers will need.

Events like outdoor concerts or events, fairs or circuses or temporary events are ideal places where mobile ATM’s are found. Mobile ATM machines are generally set-up in locations of the event that are going to see high traffic. This is usually at the entrance of the event where there is a lot of traffic, but also where there is going to be more of a secure area instead of tucked away somewhere at the event that’s far away from the bulk of people traffic.

To further ensure that the ATM machines are kept safe and secure, they may be drilled down to a foundation or bound to a stationery area or post that’s already at the event. ATM machines generally weight in the thousands of pounds, making theft a difficult possibility. However, by securing the ATM machine to a firm foundation, this further ensures that there won’t be any problems at the event.

Mobile ATM’s can be moved from one site to another generally easily enough to make it a business that many ATM business owners concentrate solely on doing. Instead of owners finding and renting a location to hold their ATM machines, they simply book events and locations where they can park their mobile ATM’s and do business.

Attracting mobile ATM customers is certainly not a problem either. Anywhere where there is a steady amount of diverse traffic at an event is an opportune time for ATM owners to serve customers looking for cash machines. Workshops, seminars, concerts and even corporate events that travel from one location to another are perfect for mobile cash operations. ATM business owners can work out contracts with the event planners to host cash machines at their events for each time the event occurs. This is an ideal flexible solution for both business owners and the customers.

A mobile automated teller machine (ATM) is a special type of ATM. Most ATMs are meant to be stationary, and they’re often found attached to the side of financial institutions, in stores, and in malls. A mobile ATM machine, on the other hand, is meant to be moved from location to location. This type of ATM is often found at special events for which ATM service is only needed temporarily. For example, they may be found at carnivals, fairs, and parades. They may also be used at seminars and workshops when there is no regular ATM nearby.

Mobile ATMs are usually self-contained units that don’t need a building or enclosure. Usually, a mobile ATM can be placed in just about any location and can transmit transaction information wirelessly, so there’s no need to have a phone line handy. Mobile ATMs may, however, require access to an electrical source, though there are some capable of running on alternative sources of power. Often, these units are constructed of weather-resistant materials, so they can be used in practically any type of weather conditions. Additionally, these machines typically have internal heating and air conditioning units that help keep them functional despite the temperature of the environment.

In many cases, mobile ATMs are equipped with safety features. This can be important for inspiring confidence in the people who want to use them. If a potential customer feels that using a mobile ATM places him at risk, he may be far less likely to withdraw money and spend it at an event. To help ATM users feel more secure, a mobile ATM often comes equipped with fluorescent lighting, and some come equipped with canopies as well. By placing a mobile ATM in a bright, well-exposed area of an event, an event planner can further help ensure user security.

While a business owner or event planner could depend on nearby ATMs to serve his customers, a mobile ATM can also provide financial benefits. For example, if an event attendee has to leave an event to get cash from another machine, he may be less likely to spend money at the event. A mobile ATM, however, makes it easy for people to make impulse purchases without searching for an ATM. This type of ATM may also make it easier for event vendors to make money, even if they do not have credit card terminals. If easy access to an ATM isn’t provided, on the other hand, event attendees may be less likely to spend money with vendors who cannot take credit cards.