How to Plan for an ATM Business Boom During the Holidays

ATM Business Booms During the Holidays

Like any business, ATM businesses go through highs and lows throughout the year. Depending on your ATM’s location you could see significant increases during the holidays.

The average shopper spends just under $1,000 on holiday gifts. Naturally, ATMs located in shopping malls verses gas stations are going to see more action due to the foot traffic. Stores draw an average of 150 or more people a day on a regular basis. This number will represent a slow day when the Holiday’s roll around.

If you’ve been in the ATM business for a little while now, hopefully you have an idea of the cash needs and volume of your ATM machines. This information is going to help you determine your work load during the busy holiday months. Obviously, you know that if your machine isn’t loaded with cash it is not going to make you money. It’s also not going to make you money if it’s out of order. Since it’s going to be processing a lot of transactions, it needs to be in tip top shape so that it can do its job.

Location, location, location; you’ve heard it a million times. Location cannot be stressed enough. Location is everything. It is part of the equation of your ATM business and it’s a very big part, at that. Your location determines your ATM business success. No matter where you are, you will see the benefits of the holiday season; whether you’re in the shopping mall or in the gas station. People will be buzzing all over the place. With that said, you want to be where the shoppers are. You want to be right in the middle of all of the activity. This also holds true after the holidays when shoppers are out to hit the post-holiday clearance sales. Read more

Tabletop ATM Machines

What are the Benefits of a Tabletop ATM Machine?

Hyosung Table Top ATM

Tabletop ATM machines (and Wall Mounted ATMs) are great for small spaces and when floor space isn’t available. They offer customers the money they need in a compact size machine. They can be placed almost anywhere a counter top or wall mount is available. They offer the same up to date transaction processing and they are a less expensive option when investing. 

Tabletop ATMs are some of the most efficient and easiest ATMs to maintain. Their easy access components can be reached with a flip of the top and yet they are just a secure as any standard ATM. Add receipt paper with ease. Easily add cash or do a little maintenance between customers. All of the upkeep that comes with your ATM machine is right there at table top eye level. There is no floor space needed for the table tops, lending more room to your merchandise or the merchandise of the store owner who provided space for your machine.

Click here to see the exact specifications of the Hyosung Monomax 4000 Tabletop or Wall Mount ATM. Read more

How to Increase Security for an ATM Machine

ATMSecurity - Thieves in Action

Source: https://www.youtube.com/watch?v=np_qmLtZKhQ

How Can You Increase Security for an ATM and Safeguard Against Theft?

We all know ATM’s are like candy to would-be thieves. However, that doesn’t mean your ATM has to be a target. People target these machines because they are small and they think they store a lot of money.

In reality, most merchant-owned free-standing ATM’s (the ones in stores) don’t contain much cash. Many store owners remove the cash each evening like a cash register.

As a store owner or ATM operator, there are certain precautions you can take to limit the chance that an ATM is stolen or broken into and increase security for an ATM.

It’s easy to add a camera monitor for your ATM machine to ensure that it puts a person at risk if they try and steal money from it. The more measures you take to secure your machine the less likely someone will attempt to steal money out of it.

5 Tips for Increasing Security

  • ATMSecurity - Surveillance Camera

    Install surveillance cameras around your ATM Machine
    • No one wants to be spotted on camera. Put one directly on top of the machine and another in a location that has a good view of the ATM. These camera systems are inexpensive and work great.
  • Hang a sign up in the area to let people know that it is under constant surveillance.
    • Thieves will think twice before making an attempt to steal from the ATM when cameras are around. Several higher-end machines come with cameras installed inside to help lower the chance of theft.  Some of the new Genmega series ATMs have surveillance deterrents pre-installed at the factory.
  • Put your ATM Machine near a brightly lit area.
    • The more lit the area where the ATM is located, the less chance someone is going to try and break into it. Make sure that the area directly above the machine and the surrounding area has the proper lighting. This will also help customers feel more at ease when completing a transaction. No one wants to withdraw cash from an ATM in an area that is dark. Added security to a machine can help protect the money inside and help draw in customers.
  • Place the machine inside your store.
    • Properly secure windows and doors to prevent people from trying to break in and remove cash each evening like a cash register.
  • Install an alarm in your store so if someone tries to get inside they will trigger it.
    • Your machine should be more secure if it is inside your business. An alarm usually makes criminals move to the next target where they don’t have alarms. Alarms are inexpensive these days and go a long way to make would-be criminals think twice about breaking into your business to steal your ATM or any other valuables inside for that matter.

ATMSecurity - Lock Your SafeProtecting your investment is just good business. You do not need someone stealing from your ATM. Make sure your installer properly secures your machine to the floor or wall. Make sure the area surrounding your establishment is well-lit, and if you own and operate your ATM machines, simply remove the cash when you close and leave the safe door open is the best security measure. If the ATM in your store is operated by someone else, most of the suggestions above deter criminal activity. A few small protective measures are all it takes to increase security for an ATM and protect your valuables.

The Future of ATMs

The Future of ATMsWill ATMs Become Obsolete?

ATMs are far from becoming obsolete, we know this to be true. These machines are evolving into devices that can complete the same type of transactions as tellers. ATMs are also turning into machines that can help a person get cash in a matter of seconds as opposed to minutes. New machines will start popping up in the next few years that will change the way you think of automated banking. Get an idea of what’s to come in the future for ATMs.

Banks are adopting ATMs that resemble tablet devices. These machines take the place of a teller and can receive your check, dispense cash, and complete most transactions a teller would handle. This allows banks to provide superior customer service by providing tellers on the bank floor to greet customers and answer any questions present. Tablet ATMs do not threaten a teller’s job; they simply allow banks to create a more welcoming atmosphere for customers.

How will these New ATMs be More Convenient?

Gaming consoles have used motion sensor technology for years and now ATMs will too. A new motion sensor machine is currently being developed. People that are wary about germs on a keypad do not have to worry any longer. These ATMs allow users to use their hands to pass motions. A number of transaction options are available at these ATMs. The current design has a woman sitting to produce a calm mood for the person using this type of ATM.

We have all experienced waiting in line to withdraw quick cash while the person in front is completing a series of transactions. The Tower is an ATM that is designed specifically to dispense cash. This machine will speed up the lines so that people do not have to wait to get cash. A user sets up a withdrawal from their cell phone and then taps the machine to get cash. These machines can help people in need of quick cash move quickly while others complete longer transactions at traditional ATMs.

Another machine designed to get you money in seconds is the cash barrel dispenser. All that is required is your debit or credit card and thumbprint. There is a selection of withdrawal options available and within seconds a user can take cash. A machine like this takes the worry out of being cautious about inputting your pin number while at an ATM. No one can learn your personalized pin with an ATM that only requires your thumbprint.

Businesses can benefit from having multiple machines available for people to complete simple or complicated transactions. The different machines allow banks to provide customers with a variety of options to choose from to complete a transaction to their liking. The ATM machines of the future have unique designs and offer solutions to make lines move faster. An investment into one of the machines of the future can prove to help make customers pleased with the selection of ATMs available.