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Fewer ATM machines in Sweden as uniforms machines become instituted.

Monday, 31 December 2012
Swedish banks' quest for security and improved operating and cost management means that there will be new and fewer ATM machines owned by individual Swedish banks in the coming years but a universal machine that meet all bank customers' need irrespective of their individual banks.

ATMS will be joinedly owned by the major banks in Sweden and have decided to transfer the management and operations of the cash machines to integrate their services of cash management more. The decision also means that many of the country's ATMs will be renewed or replaced by new machines.
bankormarterna

"We have already started work and will until next fall to have replaced about half of all our machines. On the other hand some will be updated, says Stefan Berglind, CEO of relatively newly established ATM AB that will manage the ATMS of the banks.

During the work, all ATMs will have a common interface meaning that they will be uniformity of keyboards, bankcard placement at the machine, from which cash is collected and the ability to obtain bank statements on all machines.

"At the same time, all customers will be able to use all the automatic services of their banks at all ATMs, which also applies to additional services. The possibilities of the machine will be controlled by which card the customer uses, according to Stefan Berglind.
The sensitive aspect of costs of the modernization of ATM system is not being talked about. According to the banks, though, the new machines are to meet today's security requirements better. Large banks have assigned the management of the machines in the joint venture to a relatively newly established ATM AB and that means that many of its machines will be modernized.
by Scancomark.com Team

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