Sioux Falls, S.D., June 23 2014. The ATM Industry Association (ATMIA) and Tremont Capital Group have released the “U.S. ATM Industry Overview”, an updated version of the ATM Deployer white paper first published in 2010. This comprehensive report begins with a review of the ATM industry’s history over nearly five decades. And with the exception of 2006 – 2007, it’s remarkably steady growth.
The report also examines both the revenue and expense aspects of various ATM business models. Even though ATM deployers have invested an estimated $5.5 billion in their fleets over the past decade, operational costs require several billion dollars more in expenditures every year. And neither of those tallies yet includes the bills for the Windows® 7 and EMV migrations, which are just ramping up this year.
Key changes since the first report include:
“Tremont’s new research confirms that ATM deployment business models are under pressure from increased costs,” states ATMIA U.S. Executive Director, David Tente. “But despite those pressures, the industry is doing a great job of providing consumers with even greater convenience in accessing their cash.”
“While the U.S. ATM industry has faced many headwinds in recent years, it remains resilient and continues to serve an absolutely essential role in the U.S. economy in regards to cash accessibility,” says Sam Ditzion, CEO of Tremont Capital Group and author of the report.
The “U.S. ATM Industry Overview” is available free to all ATMIA members and can be downloaded from the ATMIA website. It is also available for purchase by non-members. For more information about ATMIA membership, contact David Tente.
About the ATM Industry Association
The ATM Industry Association is a global non-profit trade association with approximately 4,500 members in 60 countries. Its mission is to promote ATM convenience, growth and usage worldwide, to protect the ATM industry's assets, interests, good name and public trust. More information about ATMIA can be found on their website, www.atmia.com .
About Tremont Capital Group
Tremont Capital Group is the leading provider of business strategy consulting, research, and merger & acquisition advisory services to the ATM and related industries. To learn more about the services provided by Tremont Capital Group, please visit www.tremontcapitalgroup.com or call 617-482-8866.
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Source: Company press release.
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