BPC Banking Technologies, the leading provider of open system payment solutions for the global financial industry, today announced the launch of a new, innovative solution designed to improve the profitability of ATM networks in the U.S. marketplace.
With its new cash management and forecasting solution, deployed as part of the Company's SmartATM offering, operators can dramatically reduce ATM network costs. BPC will showcase the solution at the ATM Industry Association (ATMIA) "2014 US Conference" in Orlando, Fla., February 11-13.
"We launched a service last year during the conference that helps streamline EMV migrations, and now are adding superior cash management and forecasting capabilities"
With experience managing more than 200,000 ATMs worldwide, BPC's SmartATM cash management and forecasting solution optimizes cash levels, freeing money across networks. Operational costs are slashed by optimizing network monitoring encompassing cash load routes and frequency. SmartATM provides all the capabilities needed to monitor, automate and manage ATM networks of all sizes, including ATM driving, marketing tools, EMV migration and complete support for a sophisticated set of products and services. With SmartATM, clients have achieved savings of $2,000 per ATM annually, which translates into $2 million in savings each year for an ATM network of 1,000 machines.
"For many years BPC has helped organizations get maximum return from their investment in technology, and we are continuing this tradition," says Marc Solomon, managing director, BPC U.S.A. "We launched a service last year during the conference that helps streamline EMV migrations, and now are adding superior cash management and forecasting capabilities," adds Solomon. "On top of saving $2,000 per ATM while ensuring maximum uptime and security for their networks, ATM operators can tap into new revenue streams by offering customers market-leading products and services with SmartATM," continues Solomon.
With 420,000 plus ATMs in the United States today, competition among network operators is intense. Ensuring that consumers have a reliable service 24/7 is crucial. So is the need to avoid out-of-cash situations. Operators traditionally overload ATMs with cash to the point where associated costs typically account for upwards of 60 percent of all operating costs. Right-sizing cash across ATM networks and ensuring maximum uptime is exactly the problem BPC's SmartATM solution solves.
SmartATM is part of SmartVista, a comprehensive suite of solutions encompassing virtually every aspect of electronic payment processing. Used by 120 organizations in 40 countries worldwide, SmartATM also integrates seamlessly with SmartGuard, a fraud prevention solution which monitors 100 percent of transactions, in real time, regardless of channel.