Banking Through the Power of Connected Machines
by Maria Montenegro
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.”
Built with enterprise-grade security and wireless managed services, Managed Wireless ATMs features encrypted, end-to-end communications over private networks, supported by Verizon’s carrier-grade scalability, reliability and service. The solution integrates with Verizon’s PCI-Compliance services and includes the company’s innovative Dynamic Mobile Network Routing capability, which provides visibility into the devices that are connected to wireless routers.
“Managed Wireless ATMs is just one example of how connected machines are making our lives more manageable, convenient and productive. We’re also building on our long and successful history of providing managed services to companies around the globe,” Eason added.
Verizon Enterprise Solutions serves the global financial services industry by offering an extensive array of managed solutions – including security, mobility and network — aimed at improving business processes and unlocking value. For more information, visit www.verizonenterprise.com/us/industry/finance/.