Thursday, November 3, 2011
The types of prepaid card products to be offered via the Triton ATMs will include gift cards, transit passes, event ticketing and phone cards. The cards will be automatically activated at the time of purchase and dispensed via existing cash trays, thereby eliminating the need for upgrades and additional hardware for ATMs, Better ATM Services said.
According to Triton President Daryl Cornell, the new initiative represents a dramatic shift in the ATM industry. "This agreement represents a giant step forward in expanding income-generating opportunities for ATM owners," he said. "The addition of prepaid card sales through our large base of ATM owners is a true game changer for the ATM industry."
ISOs that sell ATM services will benefit, Cornell added. "Consumers are demanding more value and convenience and that's exactly what enabled ATMs will give them," he said. Todd Nuttall, Chief Executive Officer at Better ATM Services, noted that the prepaid card industry will also benefit, as ATMs offer a new and secure distribution channel for prepaid cards.
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.