Why LTE Connectivity Solutions Are Essential for ATM Providers

Why LTE Connectivity Solutions Are Essential for ATM Providers
 
Constant and dedicated connectivity is essential for many industries, but it’s especially important for businesses in the financial services field. ATMs and banking kiosks need to connect to bank systems in real-time to provide the level of service customers expect. Fortunately, modern technology makes this possible. Here are a few ways LTE solutions can provide the reliable connection financial services rely on.
 
Why Is Constant Connectivity So Important for ATMs?
ATM fees are a major source of revenue for banks of all sizes, generating billions of dollars in profits every year. However, every moment an ATM is down because of a lost connection means potential lost income and unsatisfied customers, as most will likely go to a competitor’s machine or use alternate forms of payment for their transactions.
An unstable cable connection can also result in slow service, so users may decide to use a nearby ATM that delivers faster results. LTE solutions make a bank’s teller machines more attractive by providing fast, dependable results. Speed and reliability are crucial in an environment where people are nervous about withdrawing cash in public. 
 
What Are the Benefits of LTE Services for Financial Institutions?
Unlike DSL or cable, LTE solutions use wireless technology provided by cellular service providers. This connection provides a seamless experience, even if local cable or phone service is disrupted.
This is especially important if your client places ATMs in locations without reliable broadband. Most of the US is serviced by LTE, so even ATMs in remote locations can easily be installed and stay constantly connected.
 
How Is Security-Enhanced?
Data security is a major concern for any financial institution responsible for protecting its customers’ information. Purpose-built LTE solutions feature some of the most advanced security features in the industry and are at the forefront of emerging 5G technology. In addition, fully managed service providers also monitor data activity to identify breach attempts before they occur.

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