ATM Manufacturers to Watch Out For

ATMs have been around for decades. Starting from the days when they were nothing but an unpopular attempt to replace physical bank tellers, to the modern present day where they’ve become a basic fixture in society, ATM manufacturers have innovated and expanded from a basic teller machine to an advanced piece of engineering, with the most modern forms of security and interaction.

 

As ATMs become easier to use and install all around the world, the opportunities and possibilities for entrepreneurs within the field of owning an ATM business rapidly expand. ATMs aren’t as expensive as they used to be " and with the most modern models, you could get in touch with high-end retailers and banks to outfit your business with prestigious and profitable locations.

But when starting out, it’s a good idea to know what you’re buying, and what the market is like. ATM manufacturers are plenty " but they’re also varied in price, value, quality and more. Before you jump into the ATM business and immerse yourself in the technicalities of running one, you’ll want to know who to buy from, who they are, and why their products are some of the best on the market, for entrepreneurs and customers alike. Here are three top companies: 

1. Nautilus Hyosung

Started in the 60s, Korea’s Hyosung Corporation has a long history of being one of the country’s largest and most successful manufacturing conglomerates. With ties and companies in home appliances, motorcycles and ATMs most commonly, the company has transformed from a nylon and plastic fabrics-based company to producing other chemical products. Hyosung ATM machines, according to Side By Side Reviews, is among the very best in terms of quality and value in the world " and they’re available online, through retailers like ATM Money Machine.

2. NCR

When it comes to being the king of the marketplace, NCR easily takes first place. As the world’s largest manufacturer of ATMs, NCR has been on the forefront when it comes to accepting new technologies for the rest of the industry, including the very rapidly developing industry of e-payments, a niche NCR hasn’t been moving quickly enough into, according to the New York Post.

 

Starting out as the National Cash Register, the NCR Corporation began in 1884 and was bought by AT&T in the early 90s. Since then, the company has expanded into software, electronics, computer hardware and more industries. NCR also develops cheaper ATMs specifically for developing areas, at competitive prices, as per Business Standard. 

3. Diebold

Another common brand name in the international ATM business, Diebold is one of the earliest US-based companies founded for financial self-service, security and financial services. Started in 1876, the company began manufacturing safes and vaults, before expanding in the early 40s into pneumatic tubing for banks and other facilities. Then, in the 70s, the company began manufacturing ATMs, dominating the international market alongside IBM until their partnership fell through. 

These three companies are known for producing consistently high quality in the ATM world, with offerings for smaller entrepreneurs and larger companies alike. 

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