There is hardly a machine that is more ubiquitous in this day and age than the automated teller machine (ATM). It is something we rely on in a pinch and it is something that makes modern personal finances an easy thing to manage. But ATMs are relatively complex in how they work and how they physically operate.
Because the purpose of ATMs is to dispense money, it makes sense that they would be subject to stringent regulations in both how they operate and the software that is used. Unlike many other products, owners of retail and other locations cannot directly control or operate their ATMs unless they have a sponsoring agreement with what is called an ATM deployer. They also need a sponsoring agreement with a switching company as well as a bank or financial institution of some kind.
ATMs are essentially basic computers but with additional ATM parts that allow for specific functions, allowing the software that is running on the computer to carry out the functions. They can break or malfunction just like any other computer. Since there are so many specialized functions in an ATM, there needs to be a readily available source of approved ATM spare parts for maintenance.
Parts of an ATM include:
Getting new and quality parts for your ATM is economical in the long run and will prevent headaches down the line. New parts include recent updates that the part may have needed or changes to the manufacturing process that the old part would not have. Keeping parts up-to-date keeps the machines running to recent and legal standard. Do you ever hear about ATMs spitting out cash out of nowhere? Sometimes those are due to faulty ATM parts. Make sure the parts and pieces of your ATMs are of a high quality and feel secure in them being out in the field.