World Automated Teller Machines Market
This Frost & Sullivan research service titled World Automated Teller Machines Market provides market drivers, restraints, forecasts by geographic regions, pricing analysis competitive and market share analysis. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: on-premise and off-premise automated teller machines (ATMs).
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Renewed Focus on Security Standards and Compliance to Give a Leg Up to the ATM Market
The focus on enhancing payment security and combating fraudulent activities will help the ATM market tide over the challenging economic conditions and even help it post modest growth rates over the next two to three years in most market segments. Currently, the key industry clients - banks, credit unions, and other financial institutions - are working under considerable financial duress and are, thereby, reluctant to make capital-intensive purchases such as ATMs and physical security products. The emphasis on EuroPay, MasterCard, Visa (EMV) and triple data encryption standard (3-DES) security standards is compelling companies to upgrade their ATMs. “The card associations (Visa and MasterCard) are spearheading efforts to enhance ATM and electronic payment security by mandating the switch to EMV-compliant cards and machines,” says the analyst of this research service. “The switch to EMV and 3-DES standards has already increased ATM sales in Europe, Asia Pacific, and
Backed by their respective governments, several countries including the
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- On-premise ATMs
- Off-premise ATMs
The following technologies are covered in this research:
- Transfer control protocol / Internet protocol (TCP/IP)
- Triple data encryption standard (3-DES)
- Check imaging
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