The ATM has come a long way since the summer of 1969, when the first ATM was installed at a branch of Chemical Bank, a New York bank later acquired by what is now JPMorgan Chase. This July, on the ATM's 50th anniversary, the nonprofit National ATM Council brought 50 members to Washington, D.C., for the third annual ATMs go to Washington fly in. The two-day event was designed to update government leaders on important developments and concerns in the thriving independent ATM sector.
The lead article in this issue shares what members of NAC, which represents the independent ATM industry, have been doing to connect with legislators, foster mutual education, and find common ground. Members shared with The Green Sheet specific actions they've taken that other trade associations can replicate, as well as discussed how they're addressing pressing issues facing today's ATM industry.
Complementary to this coverage is an article in our Views section highlighting the significant impacts ATMs have had not just in terms of an irreversible decline in consumer check payments, but also on the very fabric of our lives. Who knew that one installation half a century ago would lead to a debit card revolution and more than 470,000 ATMs deployed domestically by 2018, with most owned and operated by ISOs?
People who have met with federal legislators often describe coming home with a feeling of empowerment regardless of whether they've won anyone over to their cause. And empowerment is central to our mission at The Green Sheet. To that end contributing writers offer information, insights and tips in every installment of our magazine. You'll find herein, for example, facts on the financial impact online reviews have on the small business sector; reasons to pay attention to core processors' recent purchases of major acquirers; basic information about the always-relevant PCI DSS; and tips from the field on selling in today's environment.
In addition to providing short updates on industry developments, and new product and company profiles, we post news stories regularly on www.greensheet.com. Several recent articles are highlighted herein, including lawmakers' efforts to get the Fed to take charge of faster payments, Facebook's $5 billion payment to settle claims against its alleged lax privacy practices; data breaches discovered at Sephora and Capital One; and more.
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