Independent owners of ATMs still lag far behind their bank counterparts in upgrading their fleets to meet Triple Data Encryption Standard, or Triple DES, security requirements set by MasterCard Inc. and Visa USA four years ago. And the card networks' floating deadlines may be at least partly to blame.
There were about 420,000 ATMs operating in the U.S. at the end of 2006, and 380,000 had been upgraded to meet Triple DES requirements, according to Phoenix ESP Payments Research Group's report the "Future of ATMs: Market Tracking Study 2007," which will be released in May.
Phoenix ESP Payments Research Group, a Salisbury, Md.-based consulting firm, surveyed …
ATM & Debit News; October 24, 2002
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ATM & Debit News; February 5, 2004
American Banker; March 16, 2004
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