Even though the idea of ATM outsourcing is not new, it has certainly caught up in the past few years. Subsequently, more and more financial institutions have been outsourcing their ATM operations to companies providing ATM services. Initially, banks only outsourced ATM management at off-site locations, which they found hard to maintain. However, they are now outsourcing their onsite thru the wall drive-up and walk-up units, too. But, do you know why? There are multiple reasons for that. One of the major reasons behind the growing tendency of banks for outsourcing ATMs has been Windows 10 migration. By Jan 14, 2020, banks are required to upgrade their ATMs to support Windows 10 or they risk being non-compliant.
Though the Windows 10 upgrade promises to provide a variety of benefits to both banks and the ATM users, it’s a serious headache for the banks, especially, when they have just somehow absorbed the costs of EMV migration, which was introduced a few years back. The update costs are significant and can’t be ignored. Keeping in mind that ATMs, in many cases, aren’t a major source of revenue for most banks, it makes complete sense for them to outsource their ATM operations to a reputable ATM service provider to cut down on costs, free themselves from the burden of maintaining systems, and offset the lost transaction revenue—while staying compliant.
Choose LD Systems as your ATM Service Provider for Efficiency, Security, and Convenience
At LD Systems, we provide the best alternative to ATM ownership and maintenance. We understand how challenging it can be to manage a financial institution’s operations. That’s why we’ve created an effective ATM outsourcing program designed to offer you peace of mind, reduce capital expenditure and operational costs, expand your ATM network, increase customer experience, and stay compliant with the latest technological changes. Want to know more about our services? Call us today at (972) 929-9228.
Focus on your core competencies to grow your business while LD System takes care of your ATM operations!