ATM operator Cardtronics and Info Touch Technologies have unveiled a hybrid ATM unit which combines a traditional, cash-dispensing ATM with a cash-accepting financial services kiosk.
The companies say that the initiative will enable merchants to offer their customers the functionality of not only an ATM, but also a broad range of other financial services without requiring any additional staffing or dedicated floor space beyond what is typically needed for an ATM.
Among the services the kiosk will offer bill payment, wireless phone top-ups, gift card purchases, stored value card dispensing and stored value card reloading.
The hybrid ATM is especially effective in space-challenged retail environments that do not have sufficient room to accommodate an ATM and a separate kiosk for self-service financial services, said Hamed Shahbazi, chairman of Info Touch
The convergence of the ATM and financial services kiosk under the TIO Network is a major step forward for the convenience retail industry and our Company.