Daily Point 2271 -Brown Label ATMs

 

The Banking Tutor 

Daily Point 2271 

Brown Label ATMs 

ATMs owned by Service providers are known as Brown Label ATMS. The responsibility of identifying ATM site, lease agreement with landlord, power supply to ATM kiosk lies with the service provider. Thus, service provider takes the responsibility of maintenance of the ATM whereas sponsor bank takes the responsibility of cash management and provide connectivity to ATM to banking network. Logo of sponsor bank is displayed on brown label ATM kiosk premises.

Sekhar Pariti

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