Diebold is demonstrating its new 4G LTE-enabled ATM at CES in Las Vegas this week. The company has teamed up with Verizon for what is pitched as the first ATM concept in the world to utilise 4G technology
"The application of 4G connectivity represents a giant step forward in the way financial institutions monitor and manage their self-service networks," says Frank A. Natoli, Jr., executive vice president and chief innovation officer at Diebold. "The concept is a critical milestone on our services roadmap, paving the way for advanced services functionalities that will optimise efficiencies, increase uptime, enhance security and improve the consumer experience."
Traditionally, the ATM has communicated only with the financial institution or the transaction processor. With the addition of the 4G LTE channel, it now has the potential to communicate directly with third parties, such as service providers or monitoring centres. A 4G LTE connection could also provide financial institutions with the needed bandwidth to connect to the ATM wirelessly.
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