ATMIA, ATM Security Association consolidate operations

The ATM Security Association and the ATM Industry Association have finalized an agreement to join together on a permanent basis.

According to a press release, ASA will retain its name and logo, but will now fall under the governance and ownership of ATMIA.

The agreement, effective immediately, is the culmination of aligned work completed under a March 2018 memorandum of understanding.

«After just over a year of fruitful discussions, negotiations and transitional arrangements, managed by a joint governance committee, ATMIA and ASA are now officially one,» ATMIA CEO Mike Lee said in a press release. «I'm delighted and excited that we have joined forces to fight together the threats of globally operative criminal groups and fraudsters. One cannot just focus on one region anymore. Those days are over. The fight is global and that is why we will build a global security platform in the coming months and years.»

«Given the great strides our industry has made with advancements in various technologies that consumers value at the ATM, it's vital that we continue our industry collaborative efforts to effectively combat the impact that technically sophisticated global crime has on the ATM channel,» ASA President Uwe Krause said.

With the agreement finalized, the ASA will next sign a combined charter and operational manual, complete the transfer of assets, set up a new global ATM security portal and deliver several agreed-upon benefits to members.

Source: ATM Marketplace