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Mobile ATM

1) Future:

Apart from cities in US, there are remote places where wired connections are not available. At these places wireless is the only option and works very efficiently.To reach to this untapped potential market it is very crucial for the banking sector to survive and grow into the tough competition.

2) Cost:

Before the wireless ATMs came the older one were connected by the landline and the rent had to be paid to the carrier. As there were advancements and now ATMs are operated with the modems which can be carried with them. If we compare the cost of the wired and the wireless. The wireless costs you almost half of the amount, this is for just one machine. If you are having plenty of them calculate the amount that you can save. No installation costs and no extra cost even if you move the machine. You have pay monthly just like your cellphone bill.

3) Installation:

The installation of the machine is too quick compared to the other one. If a bank decides suddenly to come up with a new branch and they want to attract the people they can use this option. For the older one you may have to request for the installation then they will give an appointment, etc. No need for all this. Ideally wireless modem needs 10-15 minutes for the installation as they are already programmed.

4) Flexibility:

Due to the progress in the wireless technology the data transfer has become faster than never before (4G). The towers that have come up for the communication in the cellular sector has been of a great importance. Earlier these mobile ATMs got a interference due cellphones at crowded places like events, exhibitions, etc. But now they can as fast as possible with no faults even at crowded places. You can move it anywhere at anytime.