Friday, October 19, 2018
Renard additionally thanked NAC members who participated in the council's "ATMs across America" initiative. These individuals traveled to Washington, D.C., many from across the country at considerable expense, to meet with key policymakers, he noted. Their input provided federal bank regulators and ranking members of Congress with insight into ATM-related issues, he said.
George Sarantopoulos, chair of NAC's board of directors and CEO of Access One, said progress has been made on many fronts but NAC's work is not done. Independent ATM deployers (IADs) and operators continue to face bank closures and legislative challenges. "We also are remaining ever vigilant to thwart adverse state and local legislation and ordinances that continue to pop up around the country and target our industry," he stated.
Visa Inc. executives Goran Ribar, director, global strategic initiatives, and Hitesh Patel, senior director, global commercial planning and analysis, presented Visa's new global policy of authorizing dynamic currency conversion (DCC) at U.S. ATMs. The card brand has supported DCC in other global markets and will support the practice in the United States beginning in April 2019. NAC's recent petition to Visa in support of DCC was a contributing factor in the decision; enabling DCC in U.S. ATMs will be an attractive addition to Visa's other value-added services, they stated.
"This is very exciting news that Visa will enable DCC globally," Ribar stated. "In evaluating all aspects of the decision, one concern was that [Visa] cardholders would have a suboptimal experience, but we mitigated that concern by putting together a comprehensive program that will require processors to certify their solutions before offering DCC."
Ribar expects the program to be a win-win for all participants, providing consumers with pricing transparency and ATM acquirers and operators with additional revenue streams. "Cardholders must be able to view all relevant information and have a record of the transaction when they leave the premises," he added.
NAC members were entertained by mentalist/hypnotist Keith Barry and informed in other presentations about new opportunities in bitcoin and cryptocurrencies, gaming and sports betting. Flash demonstrations provided additional insights into a variety of emerging technologies. Following are additional conference highlights:
NAC security committee chair Stephen Joseph, business development manager, banking and finance at viceo surveillance provider Axis Communications, introduced an array of security discussions as part of NAC's Security Academy program. Speakers included:
Sarantopoulos said next year's conference will be held Oct. 15 to 17, 2019 at Planet Hollywood Resort and Casino in Las Vegas. He urged NAC members to help the organization address the ATM industry's most pressing issues and establish a grass roots network that protects the business interests of the entire ATM industry value chain.
NAC's conference series reflects the diversity, technology and resilience of ATM operators, Sarantopoulos noted. The theme "ATMs across America" celebrates our unified industry progress and each member's individual contributions. "We have managed to survive the challenging introduction of EMV [Europay, Mastercard and Visa] in America," he stated. "Little did we know that our greatest challenge would turn out to not to be EMV, but instead just being able to keep a bank account."
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