Archive for October, 2008

Digital Signage Show in NY was a Hit

I was lucky enough to attend the kiosk and digital signage show at the Jacob Javits Center in NY last week. I was able to see some of the neat technology that was out there. There was even a company that created their own atm machine, with an integrated screen. IMO, still some work that needs to be done, but the concept was neat ( a nice change to the boring WRG ones out there).

My personal favorite is the ability for a sign to determine your sex, and estimate your age within a 7 year range. Very powerful from the advertising and marketing perspective. Another neat item is the “stretch screen” from LG. You have a “stretched” out screen with a minimal height. Helps generate user focus given the appearance

Paperwork Headaches

Year after year, it seems that the paperwork and additional logistics pushed down to ATM Vendors is increasing. While this is time consuming and ultimately adds to your cost, its in your best interest to take care of these as soon as possible. The networks are holding atm owners liable for anything not done properly . Fees are extremely steep, could even justify you leaving the business!

Like always, keep a close relationship with your distributor(s). Be on top of the game and prosper

Competition is Getting Fierce

The atm industry is getting tight. The independant owner needs to be careful. With many atm contracts up for renewal, you are seeing a trend of store owners breaking out of contracts to get a better deal. This brings up a critical point. Relationships Count!

Make sure you have a good relationship with the store owner. Not just some monthly statement and check being sent out. A vendor will come in to sway that store owner with better payouts, fancier signs, and additional promises. It’s imperative that you have a good relationship with the owner. Period

Armor Car Options

If you’re looking for a national solution, your are limited to the Big 3, Pendum, Brinks, and Loomis.The last two, they just arent cheap. If your locations generate a significant amount of revenue , then it will be worth considering. There is another option, but it will take more management efforts on your end. These are the metrio regional carriers. I know in the Northeast, Mt. Vernon Money Center (MVMC) are very efficient and reliable.

Surcharge Increase Helps ISOs

With all the banking surcharge increases, it looks like the independant atm owner is gaining ground. If you take New York City for example, Bank of America and CitiGroup have higher surcharges than the surrounding independant atm machines. This is becoming extremely attractive from a convenience standpoint, along with the down international economy

Install Your ATM w HEMI

When drilling tile, its best to  avoid drilling into the cracks. Go directly through the tile. For wood, I
drill through the wood, use large washers, and  drop carriage bolts.

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