Click Cover to Read Digital Edition

AVAILABLE IN THE APP STORE
iPAD APP
iPHONE APP

UPCOMING EVENTS

 
EMERGE: The Forum on Consumer Financial Services Innovation
June 2-4
Hyatt Regency Century Plaza
Los Angeles
 
Digital Banking Summit
June 2-4
Hyatt Regency Century Plaza
Los Angeles
 
2014 RDC Summit
Sept. 30 - Oct. 2
Las Vegas
 
ATM, Debit & Prepaid Forum
October 19-22
JW Marriott Desert Ridge
Phoenix
 
Money2020
November 2-6
Aria
Las Vegas
More events >  

Share |

Print Friendly and PDF

ATMIA Announces Launch of Compliance Monitoring Service for Members

 

May 10 - The ATM Industry Association has announced the availability of a new service for U.S. Chapter members that provides compliance monitoring and regulatory alerts, for all 50 states and Washington, D.C. 

ATMIA management and members with extensive experience in compliance and regulatory matters have compiled a list of items critical to ATM operators and owners. That list included requirements pertaining to ATM licensing, surcharge restrictions, security requirements, ADA, EBT/TANF restrictions and others. Over the past two months, all relevant requirements have been documented and consolidated to a customized portal, accessible from the ATMIA website. 

“The ever-increasing regulatory burden on our members makes it more and more difficult to stay in compliance – particularly for operators who do business in multiple states”, noted ATMIA USA Executive Director David Tente. “We’ve put together an association-based service that would be very costly for any one member to implement on their own.”

In addition to accessing state-by-state compliance profiles, ATMIA members can sign up for regulatory alerts. A recent alert, for example, was issued regarding a rule change for the licensing of ATMs in the State of New Jersey. That alert described the proposed rule change, noted the deadline for public comment, and provided a link to rule language. Alerts are typically emailed out to all subscribers within a day of the information being published to the state register.

After seeing how the service works, Betsy Bohlen, an ATMIA member and vice president at Pueblo (Colo.) Bank and Trust commented, “We commend and thank ATMIA on the release of this new member benefit. It will be a valuable service for our sponsored clients and assist them in being properly informed on regulations governing ATM’s placed anywhere in the United States. This member benefit is truly one that ATM providers will utilize to remain compliant with local jurisdictions.”

The new service is provided to ATMIA through Stateside Associates, a recognized leader in state and local government affairs. Depending on the level of acceptance and member interest in other related offerings, the program could be expanded to include legislative activities even earlier in the regulatory process. 

“Stateside Associates is pleased to partner with The ATM Industry Association to provide state compliance and regulatory information to its members. Utilizing our services, ATMIA members will keep abreast of any regulatory changes impacting the ATM Industry, whether their business is limited to one state or extends into all 50”, says Tim Riordan, Stateside Associates’ vice president of client services.

About the ATM Industry Association
The ATM Industry Association is a global non-profit trade association with over 3,700 members in 60 countries. Its mission is to promote ATM convenience, growth and usage worldwide, to protect the ATM industry's assets, interests, good name and public trust; and to provide education, best practices, political voice and networking opportunities for member organizations. More information about ATMIA can be found on their website, www.atmia.com.

 

 


Back