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

Financial sector: preventing the next crisis

New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed. more »

Russia's accession to WTO and China's role in world economy were discussed in Vilnius

On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy. more »

Globalisation fund: Budgets Committee backs aid to Spain and Ireland

2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday. more »

Commission rewards Europe's best green businesses

Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment. more »

Fisheries reform: firm backing for research but differing views on quotas

The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday. more »

First JESSICA fund loan agreement signed with Lithuania’s Šiaulių bankas

The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas. more »

Estonia's euro

Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January. more »

'Polluter pays' principle for banks

Commission proposes a bank tax to cover the costs of winding down banks that go bust. more »

Strong EIB support for new energy investments in Greece

The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery. more »

The promotion of the electric vehicle in Europe, under examination

European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals. more »