Automatic Teller Machinations

Banks are starting to form joint ATM networks. An inevitable step toward efficiency.

April 3, 2001

Uniting forces is cheaper. This seems to be the new rule of the game adopted by large banks regarding their automated teller machines (ATM). Instead of investing large amounts by themselves, they are operating their ATMs jointly.

Before the crisis, says a banker at a private bank, operating ATMs individually was economical. Much cheaper than establishing a new branch, although still more expensive than Internet banking. "You get `someone' who work

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