Verizon Launches Managed Wireless ATM Service

NEW YORK -- In order to serve their customers who are always on the go, financial institutions need mobile, agile, and secure solutions that can deliver branchless banking. Verizon Enterprise Solutions is solving these challenges by introducing a fully-managed, wireless Automated Teller Machine (ATM) connectivity solution, Managed Wireless ATMs, which banks can deploy to their remote ATMs, at events or for business continuity planning.

Verizon’s Managed Wireless ATMs provides retail banks with modernization to a traditional distribution channel for enhancing the customer experience and increasing operational efficiency, on the most expansive 4G LTE network in the U.S. Ideal for banks with remote or off-branch sites such as malls or retail stores, Managed Wireless ATMs can also be used to quickly recover from natural disasters and outages that may impact branch locations.

"Historically, ATMs have been difficult to deploy to specific or temporary locations and have offered banks limited revenue generating potential," said Scott Eason, global vice president of financial services and retail at Verizon Enterprise Solutions. "With Managed Wireless ATMs, we’ve created a winning formula that allows financial institutions to create value and control the total cost of ownership for ATMs, while providing their customers convenience and flexibility."

Verizon Communications Inc.