What Model ATM is Right For My Business?

Which ATM is the best model for your business? Small retail outlets and convenience stores have become major sites for the installation of ATM's. The prime motivator for this would be that the shop or convenience store operator is not ready to pay the merchant fees associated with being able to accept electronic card payments for the products they sell.

In the case when a customer asks the proprietor to execute such a transaction, he simply points to the ATM in his store and asks the customer to get money for the purchase. Not only that, many people have a better sense of security getting money from the ATM located in a brightly lit convenience store rather than a "hole in the wall" on the sidewalk late at night. To stay competitive the retailer is now ready to join other retailers housing ATM's for this purpose.

Today, there are many makers of ATM machines for location in your retail store. Transaction fees calculated as a percentage of the withdrawal are split between the financial institution that set up the ATM and the store owner providing space for the ATM.

Many of today's ATM's are what are known as networked ATM's. They are capable of executing transactions for customers of any financial institution that is a member of the appropriate interbank network. You are going to want to make sure that your supplier is also part of the network that will serve the most customers.

Triton Corporation is considered one of today's six major manufacturers of ATM's worldwide. In 1997, this company was one of the first manufacturers of networked ATM's. This U.S. company is also an international supplier of machines. They install what is known as "white label" machines throughout Canada. These are the ATM's that only cater to the customers of the bank that owns the machine. Canadian law allows that bank to charge whatever transaction fees they want to because of the fact that it is a private network the customer is accessing.

The Tranax Corporation would seem to be in direct competition with Triton because they target all kinds of international locations and currencies. The international traveler can use one of these ATM's to withdraw an amount specified in their home currency and have it dispensed in the local currency already taking into account the current exchange rate and the fees charged accordingly. If your store has a high number of international customers then you may be more interested in a Tranax manufactured ATM.

The Korean conglomerate Hyosung is also a manufacturer of multi country networked ATM's as are both Triton and Tranax. Their manufacturing is conducted under the Nautilus Hyosung corporate name. Nautilus Kyosung will partner with the Kyosung IT entity in an effort to develop whatever related software is required at your specific installation.

Having ATM facilities on location at your store used to be a competitive advantage. Today it is just one capability you need to stay in the game. Look closely at Triton, Tranax and Nautilus Kyosung to potentially meet your ATM needs.

Make Money - Own an ATM ATMone is one of the fastest growing providers of ATM solutions in the United States. They have partnered with Hyosung, Triton and Tranax, the leading designers and manufacturers of ATM machines, to provide next generation ATM solutions that offer quality, reliability, and security.