Archive for January, 2013

Nationwide Automated Systems Discusses the Benefits of a Turnkey ATM Program

A turnkey ATM program addresses the need for third-party provision of ATM service, repair, system monitoring, and cash replenishment. Many ATM owners are not capable of managing the expensive and time-consuming task of maintaining an ATM. Not only does comprehensive monitoring and repair require substantial capital outlay and labor, but also extensive technical knowledge that is typically beyond the purview of the owner.

A turnkey solution ensures maximum revenue flow and diagnostic services with little input from the business owner. Many providers of turnkey ATM solutions own all of the hardware and handle installation at the designated locations. Turnkey ATM programs remove the cash-supply responsibility from the merchant by supplying all of the necessary cash for each ATM in the program.

Additionally, such solutions oversee all operational monitoring and maintenance ensuring that the ATMs are operating at maximum capacity. They also provide customer service for ATM users who happen to encounter a hardware or transactional problem. As a supplement to standard customer service, Turnkey programs also work to drive customer traffic to ATM locations through a number of specialized programs, dependent on the service provider.

Nationwide Automated Systems provides ATMs to business in any environment, matching the décor to fit the atmosphere of convenience stores and supermarkets to luxury hotels. The company offers ATM placement and international payment processing services and shares ATM revenue with location owners through a revenue-sharing model. As one of the top ATM providers in North America, the firm has an impressive service record and is consistently rated an A+ by the Better Business Bureau.


History and Development of the Automated Teller Machine

Nationwide Automated Systems, Inc., through its Processing and ATM Partners maintains more than 20,000 ATMs throughout the United States, with ATM Services provided to such major commercial establishments as Costco, Target, and Safeway.

Although most people take them for granted now, automated teller machines or ATMs were not always so ubiquitous. Today there are more than one million ATMs around the world, with a new one installed approximately every five minutes. There is even an ATM in Antarctica, located at McMurdo Station on the continent’s southern tip. But as recently as the 1960s, ATMs were not only extremely rare, they were barely recognizable as the convenient and multi-functional machines that we have come to depend on.

Although the identity of the person who first came up with the idea of the ATM is subject to some debate, the man who holds the patent to the device is Don Wetzel, credited in the Smithsonian Museum as the machine’s progenitor. Wetzel was working as a Vice President at Docutel when he developed the concept of a cash-dispensing machine that did not require a teller. Wetzel asserts that one of the most difficult aspects of development was finding a manufacturer who could reliably produce viable magnetically striped cards in large enough quantities. Ultimately, it cost more than $4 million to make the machine a reality, a considerable sum for an idea conceived while the inventor waited in line at a bank.

After testing a number of prototypes, the first officially recognized ATM was established in 1969 at the Chemical Bank in Rockville Center, New York. This initial version could do no more than dispense cash, but within half a decade ATMs that could report account balances and perform other helpful functions were developed and installed at several major commercial venues. The ease and rapidity of ATM transactions rapidly surmounted initial concerns that customers would reject the devices for lack of personal interaction and fear of equipment failure..

By 1973, more than 2,000 ATMs, primarily manufactured by Docutel and its competitor Diebold, were operating in the U.S. ATMs proliferated so quickly that it soon became feasible to connect them to comprehensive networks, and in 1974 fully online ATMs, the true precursors of the modern incarnation, debuted. Today ATMs have become as indispensable to daily life for most Americans as cell phones or the Internet. It is only when no ATM is available that most people pause to consider what shopping and finance were like before the advent of this helpful device.