Do Your Research and Create a Business Plan. Research funding options, partners, ATM locations, contracts and ATM models. To get started, join ATMIA and visit the ATMIA Market Research Library to access industry statistics, white papers and best practices. Partner with a Registered Independent Sales Organization (ISO) / Independent ATM Deployer (IAD). When you are first getting started it pays to have an experienced partner. ATM operators generally pay a great deal of money to have bank sponsorship, register with the networks and become an ISO. By working with a partner, you’ll gain access to their bank sponsor, save a great deal of money and have an experienced partner by your side. Visit ATMIA’s Member Showrooms to find the ISO/IAD partner that best fits your business plan. Each ISO/IAD will have different monthly fees, reporting requirements, processors, services and support.
Set Up Accounting & Contracts Open Bank Accounts for Surcharge Revenue and Cash Settlement. To learn about ATM balancing, managing procedural issues, and identifying cash surplus and shortages. ATMIA offers affordable online ATM Operator Training. Ensure All Necessary Paperwork Your ISO Partner Requires is Signed and Filed with both your bank, ISO/IAD and the sponsor bank. Develop Contracts to Protect Your Business. When obtaining ATM locations, contracts with the location are highly recommended. Your partner ISO will probably have contracts you can use. In the U.S., network rules prohibit an ATM operator to market ATMs without a registered ISO. All material you use, including agreements, should reference your ISO/IAD in some capacity. That capacity might differ from one ISO/ sponsor bank to another. ATMIA also offers valuable industry tips on writing contracts: Visit ATM Business Efficiency Models and Event Presentations or reach out to one of our ATM Consultants for direct guidance.
Purchase the Right Equipment for Your Locations. There are primarily two ways in which to purchase ATM equipment: directly from the ATM manufacturer or through a reseller such as your partner ISO/IAD. When purchasing ATM hardware keep in mind that each location is different and may require different screen sizes, dispenser capacities, different levels of security such as a cabinet or level 1 safe, topper signage and functionality. Do your research. There are a number of ATM models on the market today from refurbished ATMs to advance function ATMs with the ability to dispense multiple currency denominations, take deposits and offer additional services such as dynamic currency conversion, perform cardless ATM transactions, dispense gift cards or top up cell phones. When doing your research, look for models that best fit the needs of the location today and in the future. As new services become available at the ATM, you can keep up with changing technology by subscribing to ATMIA’s Regional Newsletters, visiting the Newsroom, and downloading White Papers, Market Research and Best Practices
Compliance & Security
Keep Up with Compliance & Security Changes. The ATM industry is constantly working to improve security to stay ahead of thieves looking to steal the cash inside the ATM and consumer account data. As new compliance mandates and security measures become available, ATM operators are required to keep up with these changes and upgrade their terminals as needed. In addition, each country, region and municipality have rules and regulations that affect ATM operations. ATMIA provides operators with tools that make staying in compliance and securing your ATMs easier. To stay abreast of compliance updates, visit ATMIA’s Compliance Portal. ATMIA also offers Best Practices to secure your ATMs physically and through software. ATMIA has several working committees, including a Government Relations Committee which discusses current legislation affecting the industry.

To get started on your ATM business, check out our sales and service page as well as our ATM pricing page for more information!

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