Thursday, June 01, 2017

Different Types of ATMs


White Label ATMs

White Label ATMs are those ATMs which set up, owned and operated by non-bank entities. In India, companies which have been incorporated under Companies Act 1956, and after obtaining RBI’s approval. Example : TATAINDICASH


In Netherlands, GSN(Geld Service Netherlands).

Brown Label ATMs

These ATMs are owned and maintained by service provider whereas bank whose brand is used on ATM takes care of cash management and network connectivity.

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