Credit unions may face increased ATM competition as small, independent ATM deployers are forming a new association that they hope will better serve their needs.
The National ATM Council is a merger of the National Association of ATM ISOs and Operators and the Alliance of Specialized Communications Providers.
The new association claims that it will represent the majority of independent (non-financial institution) ATM deployers in the U.S and that they deploy roughly half the nation's ATMs.
“As small businesses, independent owners of ATMs in the United States face challenging times. Our industry requires an organization focused on promoting the interests of the nation’s independent ATM owners and ensuring the continued widespread availability of independent ATM locations for the convenience of the American consumer,” said Curt Selman of Selman Telecommunications Investment Group LLC, the group's first chairman.
“The unification of NAAIO and ASCP to form NAC is a significant step in achieving this focus,” Selman said. “With the combined resources and leadership of ASCP and NAAIO, and the support of our member companies and constituents, I am confident that NAC and each of its business councils will make a positive impact for all our member companies, suppliers and the public we serve.”
The group is also notable for the organization that is not in its leadership. Cardtronics, the nation's largest independent ATM deployer and owner of the Allpoint Network, is not among the organizations represented on the group's first board of directors, according to the association.