ATM PlacementMonify Solutions for ATM Placement
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ATMs have transformed the consumer banking experience since their introduction just 40 years ago. Where once using ATMs was considered a novelty by cardholders, ATMs have now become a vital and integral aspect of society.
Consumers Demand Increasing For ATMs
Currently, there are over 450,000 ATMs deployed in the United States. Why is the total number of ATMs increasing?
- Cardholders expect convenient 24×7 access to their bank accounts near to where they live, work, shop and travel.
- Steady consumer usage, due to factors that include declining checking account usage and tightened credit card underwriting.
- Increased use of stored-value prepaid debit cards by governmental entities as a means of Electronic Benefit Transfers (EBT) for social program benefits to recipients and public and private employers for payroll purposes.
- Demonstrated consumer willingness to pay for the convenience of cash access.
- Greater acceptance and reliance on self service technology,
What Benefits Do ATMs Provide?
Consumers—ATMs benefit cardholders by providing them the convenience to withdraw cash anytime and anywhere, monitor and manage their bank accounts through balance inquiries and transfers, save time and money by eliminating an extra trip to the bank and practice financial self-discipline by using debit instead of credit.
Merchants—ATMs benefit merchants by increasing annual sales from “impulse buys,” extending shopping hours beyond conventional banking hours, building dedicated repeat traffic from cardholders and creating an additional, reliable stream of income from transaction fees.
Financial Institutions—Branding off-site retail ATMs provides financial institutions new convenient surcharge-free marketing touch-points for their existing cardholders and extends their reach to attract new customers/members. This additional brand exposure will complement existing self-service ATM channel, increase market share, and help avoid attrition to other financial institutions.
Why Others Trust Monify Merchant Solutions?
Tailored Programs— Monify offers a comprehensive set of solutions to tailor fit a program to meet your objectives, including options that range from turn-key full ATM placements to merchant-owned ATMs with transaction processing only.
Market Expertise—Monify provides unparalleled ATM service expertise in key market segments, including hospitality, convenience, retail, and financial institutions.
Service Commitment—Monify maintains exceptionally high standards by delivering their customers a guaranteed performance Up time of 99.99%, in addition to free 24×7 multilingual customer support.