News from the Wire

ATMIA releases US payments study

Thursday, June 30, 2016 — 15:58:47 (EDT)

London and Sioux Falls, S.D., June 30, 2016 – ATMIA has today published a new study on current US payments trends entitled “US Consumer Payments Trends Summary”.

The research was commissioned by ATMIA and conducted by Tremont Capital Group.

“There has been a shift from paper payments to electronic payments over the past two decades, but shifts in US consumer preferences have been far less dramatic and more gradual than many assumed,” says Sam M. Ditzion, CEO of Tremont Capital Group and author of the study. “Cash remains the most frequent form of consumer payment in in the United States and I suspect will remain so for a long time to come.”

The study, free for members, will boost ATMIA’s Market Intelligence Library and online cash repository.

“One of the myths of the payments industry is that ‘sexy’ new payments methods are rapidly replacing more established kinds of payments and forms of money,” explained Mike Lee, CEO of ATMIA. “This excellent study – one of the best I’ve read in recent times – decisively dispels this myth, replacing it with an immutable truth that changes in payments behavior happen over decades, not years.”

About ATMIA

The ATM Industry Association, established in 1997, is a non-profit global trade association with over 6,000 members in 66 countries.

As an independent, non-profit trade association, our mission is: to promote ATM convenience, growth and usage worldwide; to protect the ATM industry's assets, interests, good name and public trust; and to provide education, best practices, political voice and networking opportunities for member organizations.

Enquiries should be directed to Mike Lee mike@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 .

Enquiries should be directed to Sam Ditzion smd@tremontcapitalgroup.com .

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: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.