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(USGovernment-News.Com, December 01, 2017 ) An electronic banking outlet that enables customers for completing financial transactions without the help of a branch representative or a teller is an ATM. ATMs today are being used for a variety of banking transaction purposes such as bill payments, cash withdrawal, cash deposits and obtaining bank statements. Privacy of transactions, quicker and efficient services, ease of accessibility for cash to a customer are some benefits of ATM have allowed rapid deployments across the globe.
Developing automation, increased needs for security in banking and financial services emerge as the various driving factors for deployments of ATM, whereas reasons such as random cyber-attacks and theft based threats to an ATM infrastructure act as deterrents to growth of this market. The growing importance of diverse managed services for banking services and increasing popularity of ATMs in rural areas will bring new opportunities in the for ATM players in the market.
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