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Many Independent ATM Deployers (IADs) and Independent Sales Organizations (ISOs) have reportedly felt the turmoil and uncertainty that has accompanied the multitude of recent processor mergers and buyouts. Undoubtedly, these shifts have left many IADs and ISOs scrambling to find needed support. From simple transaction issues to new online systems, the changes can be overwhelming.
ATM jackpotting, a common offense overseas, is a sophisticated crime in which thieves install hardware or software at ATMs that force the machines to eject large sums of cash on demand, has recently made its way to American soil.
ATM technology is advancing to accommodate changing consumer demands. Compared with other tech-centric industries, recent technological advances in banking have either remained stagnant or lagged significantly. However, new technological advancements may see digital progress quickly approaching for financial institutions, particularly when it comes to ATMs.