ATMs

Automated Teller Machines (ATMs) are found virtually everywhere, providing consumers with the options of easy access to cash and a range of remote banking functions. Over the years, the size and weight of ATMs has decreased, with some weighing less than 200 pounds. Due to their compact size and favorable monetary returns, today’s ATMs have become a common fixture in convenience stores, gas stations, nightclubs and restaurants. 

Because of the portable nature of ATMs and their presence in unsecured locations, they have become a popular target for thieves. Most ATMs in retail establishments are either owned by the business or leased to them, and these machines are typically stocked with the establishment’s cash. As such, losses due to theft can be quite costly, including:

• The cost of the ATM - $4000, on average
• Cash in the machine – many machines can hold over $10,000 in cash
• Property damage to an establishment incurred during theft
• Rising insurance premiums and deductibles

While modern ATMs are equipped with sophisticated locks, and most retail establishments are secured with alarm systems, theft of these machines continues to be a problem. To thwart criminals and ensure the rapid recovery of their property, many businesses are using advanced location-based services (LBS) technology to track their assets. 

Solutions built on Omnilink’s LBS platform, FocalPoint™, have te ability to track both indoors and outdoors in real time to significantly decrease the time needed to recover valuable assets. Functionality like the enter and exit zones are automatically included in solutions built on FocalPoint™ enabling users to receive automatic alerts if an ATM is on the move.