pallavirajput

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welcome
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ATMs (Automated Teller Machines) An ATM is a
computerised machine that provides customers, the
facility of accessing their accounts for
dispensing cash and carrying out other financial
non-financial transactions without visiting the
bank branches. ATMs are convenient, allowing
consumers to perform quick self-service
transactions such as deposits, cash withdrawals
by the bank where the account is located, by the
operator of the ATM, or by both. ATMs are known
in different parts of the world as Automated
Bank Machines (ABM) or Cash Machines. There are
now more than 3.5 million ATMs in use across the
world. Customers are typically identified by
inserting a plastic ATM card into the ATM, with
authentication done by the customer entering a
Personal Identification Number (PIN) stored in
the chip on the card or in the issuing financial
institutions database. PIN is a numeric
password which is separately mailed/ handed over
to the customer by the bank while issuing the
card.
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Types of ATMs On-Site ATMs which are being set
up in the premises where there is a bank branch
and the ATM can be used. Off-Site ATMs are set
up on a standalone basis. This means that a bank
has a place where there is only an ATM machine
then this becomes an off-site ATM. White Label
ATMs set up, owned operated by non-bank
entities. These White Label ATMs will not display
logo of any particular bank. TATA launched the
first White Label ATM in India under the brand
name of INDICASH. Brown Label ATMs are those
which are owned and maintained by Service
Provider whereas a sponsor bank whose brand is
used on ATM takes care of cash management and
network connectivity.
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WHITE LABEL ATM (WLA) ATMs set up, owned and
operated by non-banks are called White Label ATMs
(WLAs). Non-bank ATM operators are authorised
under the Payment Settlement Systems Act, 2007
by the Reserve Bank of India (RBI). The non-bank
entities that set up, own and operate ATMs are
called White Label Operators (WLAO). The
WLAOs role is confined to acquisition of
transactions of all banks customers by
establishing technical connectivity with the
existing authorised, shared ATM Network
Operators/ Card Payment Network Operators.
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Need for Introduction of WLAs Banks have played
an important role in setting up and encouraging
usage of Automated Teller Machines (ATMs) in
India. There are a large number of ATMs set up in
India by public, private and foreign banks but
they are mostly concentrated in the urban areas
and cities. The cities under tier III to tier VI
have not seen any convenient growth in number of
ATMs, which would have helped in popularising the
personal banking in rural areas. They would have
played an important part in financial
incorporation. Keeping all these points in mind,
RBI has relaxed its policy about setting up ATMs
and has allowed the participation of non-banking
financial institutions to set up the White Label
ATMs. These White Label ATMs are owned and
operated by the NBFCs while functioning just in
the same way as any other ATM run by bank would
do.
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APK Perks Not Just Perks as the name defined
itself, is an established renowned service
provider in Financial Inclusion Service Industry,
having partnered with Leading Financial
Institutions Business Associates over a long
time.
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WHITE LABEL ATM SOLUTION BY APK PERKS
APK Perks presents White Label ATM solution, with
cash deposit facility(first time ever in India).
We are providing the White Label ATM services all
over India with Zero rental plan providing less
investment and more profit. If you have a free
space in your shop , get ONGO (AGS) ATM installed
by APK Perks in your area with a cash deposit
system withdrawal services. We provide you ATMs
which comes with various salient features to help
you in having safe and secure transactions. Our
ATMs comes with a list of guidelines which you
should follow for the safety of your ATM. These
safety measures help you in increasing the
efficiency of the machine along with its smooth
functioning. APK Perks provide you a complete
set up of the ATM along with the listed
equipment. This set increases your convenience
and reduces your stress.
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Thank you