Since first hitting the market more than five years ago, Interactive Teller Machines (ITMs) have grown in popularity among financial institutions nationwide. Today, an increasing number of FIs are evaluating the role of ITMs in their short- and long-term strategic plans. Many are even wondering if ITMs will eventually make ATMs obsolete, and if now is the time to start investing in this technology. If that describes you, it may be helpful to first understand what’s behind the demand for ITMs. We’ve identified four primary drivers for ITM market demand and how they could impact an FI’s bottom line when implemented the right way.

When it comes to branch transformation, putting all the pieces together can be a lot like working a jigsaw puzzle. First, you start with a finished picture in mind. This is your organization’s strategic vision for branch transformation. It should answer the questions, “Why are we doing this, and what does success look like?” Secondly, you have a collection of pieces – each uniquely designed, yet equally important – that must fit together to complete the overall picture. These pieces include your customers’ needs, your talent pool and your physical assets (branch locations, hardware, and software).

ATMs are not a luxury item for financial institutions. They must have high performing ATMs in locations that consumers can easily access. Add in the constant changes in technology and compliance requirements and many banks and credit unions are overwhelmed financially and operationally when it comes to managing their existing (and aging) ATM fleet.

Looking to deploy deposit automation? Then you will want to read on to learn about the costs of installing and running deposit automation ATMs. There are costs associated with hardware, on the back end, as well as the agent that will transport the check images to your back end proof of deposit solution. These costs can sometimes be overlooked, so we want to provide a detailed overview of associated pricing.

Your branch or drive up ATM is past its prime and needs replacing. Or, you are building a new branch or establishing a presence in a new market and need the right ATM technology to support the endeavor. To help you prioritize and organize your buying decision, we offer 3 important things to consider when purchasing an ATM.

“I’m at an impasse with our ATMs. I need to improve our ATM uptime and simplify the way we maintain and service them. We currently have multiple maintenance service providers who are supposed to keep my ATMs running, but something is always causing them to be down. And, it seems that multiple ATMs are down for multiple reasons every month and it’s not getting any better. My boss takes every opportunity to remind me how this is “affecting our brand” and I’ve told my ATM vendors that if our ATMs aren’t working, nothing else matters to our customers. But, I need to find someone who “gets it” and will be a partner that I can rely on to make managing ATM operations easier. And we desperately need someone who can keep my ATMs up and running.”