New report says ATM consolidation will continue, ATM transaction volumes will rise

Published: 25 February 2009 y., Wednesday

 

Tremont Capital Group, an ATM-industry consultancy that works closely with the ATM Industry Association, has released its 2009 ATM Industry Fact Sheet, which summarizes the history and current state of the ATM industry.
 
Among its findings, Tremont Capital Group estimates that 401,500 ATMs are currently deployed within the United States, approximately 202,500 (50 percent) of which are now operated by independent sales organizations.  Tremont Capital Group predicts that rapid consolidation in the ISO sector will continue in the near-term, until consolidators acquire the nation's remaining viable small- to mid-sized ATM portfolios.
 
"As the United States marks the 40th anniversary of its first ATMs, the number of ATMs deployed in the nation has surpassed the 400,000 milestone and cash remains the dominant payment mechanism for consumers," said Sam M. Ditzion, chief executive of Tremont Capital Group. "Tremont Capital Group anticipates three key trends in the industry in 2009. First, average ATM transaction volumes will stabilize and possibly increase as consumer credit standards continue to tighten and the deleveraging process deepens. Second, financial institutions will slightly consolidate their ATM networks, while continuing to implement check-imaging upgrades on an accelerated basis. Third, the ISO sector of the ATM industry will experience continued merger and acquisition activity."
 
Tremont Capital Group's report is available for free from the company's Web site.

Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Taking stock of the single market

Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation. more »

Japan debuts new bullet train

Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour). more »

The Security Technology Exhibition KIPS 2011 to be Held in Kiev

The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’ more »

Dubai dining reaches new heights

The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower. more »

Clarifying rules to strengthen consumer rights

The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday. more »

Fiji and Papua New Guinea: green light for economic agreement

MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU. more »

Setting the stage for economic recovery

Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'. more »

Capsule rooms appear in Shanghai

China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market. more »

A turning point for the European financial sector

Declaration by Michel Barnier on the start of three new authorities for supervision. more »

A successful start for the euro changeover in Estonia

On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan. more »