Expert Market Research Explored the Top 7 Companies in the United States ATM Services Market

NCR Corporation, Diebold Nixdorf, Incorporated, FCTI, Inc., Hitachi Channel Solutions, Corp., Euronet Worldwide, Inc., Prineta LLC, and Payment Alliance International, among others are the major players in the United States ATM services market.

The United States ATM services market size reached approximately USD 7.73 billion in 2023. The market is projected to grow at a CAGR of 2.5% between 2024 and 2032, reaching a value of around USD 9.54 billion by 2032. As per the analysis by Expert Market Research the market is being driven due to digital transformation and the rise of digital banking and mobile payments.

Automated Teller Machines better known as ATMs are self-service devices which allow individuals to carry out cash transactions and other related functions with ease. Companies in the ATM services sector are becoming more and more significant when it comes to deploying and operating these machines because of the digital transformation and the fact that many ATMs are integrated with digital and mobile technologies.

The installation of ATMs in different places, the popularity of Bitcoin ATMs, the technological advancements of ATMs, and the growing acceptance of cardless technologies are driving the United States ATM services market growth. Cash still remains a preferred method of payment despite the popularity of digital transactions which bolsters the position of ATMs in various industries including retail, finance, healthcare and others. The use of contactless ATMs that employ near-field communication (NFC) is expanding. These ATMs allow users to access their accounts and make withdrawals without the need for a traditional ATM card.

The introduction of Smart ATMs for customers with unique needs and enhanced security measures, such as biometric and one-time password authentication systems to stop fraud, further support United States ATM services market expansion. The demand for ATMs is predicted to rise in response to the growing need for automation in the banking industry in both developed and developing nations.

In February 2023, the drugstore giant in America Walgreens extended and expanded its contract with NCR Corporation, a global leader in the ATM services domain. The renewed contract let NCR provide ATM services across major Walgreens stores across the country. Walgreens on the other hand gained more than 1300 cash-accepting ATMs. In March 2024, VyStar, a credit union based out of Florida with over 900,000 members and USD 13.6 billion in assets entered a new agreement with NCR Atleos which will give VyStar access to Allpoint Network. This partnership will help VyStar members access cash from close to 40,000 locations in the United States.

Top 7 ATM Services Companies in the United States:

NCR Corporation

With a presence in more than 141 countries across the world, NCR Corporation is a global leader in providing end-to-end solutions in the ATM hardware and software domain for businesses in the banking, retail and service sectors. The company has a rich history of over 130 years. It employs 35,000 individuals worldwide who help manage its expansive portfolio of over 3,00,000 ATMs, which helps boost operational efficiency, enable seamless cash access for consumers and enhance customer experience.

Diebold Nixdorf Incorporated

Diebold Nixdorf Incorporated is a leader in providing comprehensive ATM portfolios and advanced technological services and solutions along with automating and digitizing the retail and the banking sector, thus catering to constantly evolving consumer needs. They specialise in self-service and security solutions. The company employs 21000 individual with a presence in more than 130 countries. The company also provides solutions in software deployment and development, cash management, ATM setup, maintenance, and other services which are related to ATMs.

FCTI, Inc.

FCTI, Inc. was founded in 1993 and operates over 30,000 ATMs across the world with assets worth over USD 8 billion. The company is a subsidiary of Seven Bank, LTD. and is the exclusive ATM provider for 7-Eleven in the United States. The company specialises in providing the right combination of services, software and hardware specially designed to provide retailers, advertisers, and financial institutions with the tools for optimized ATM management.

Hitachi Channel Solutions, Corp.

Founded in 2004, Hitachi Channel Solutions, Corp. is a leader in ATMs with a globally deployed network which provides enhanced efficiency and services for financial institutions and other customers including retailers. The company is aimed at creating value from data and providing novel ATM solutions to customers in finance, distribution, healthcare, construction, public services and transportation. Hitachi has over 900 employees and a capital of over 8.5 billion Yen.

Euronet Worldwide

Euronet Worldwide is a multinational that operates in more than 200 countries and territories across the world with millions of touchpoints which help provide facilities like money transfers, credit and debit processing, digital and cash payments in real-time, currency exchange, branded payments, and point of sale solutions. Ever since its establishment in 1994, the company has become a leader in providing solutions in the financial technology industry and the ATM services industry.

Payment Alliance International

Payment Alliance International was founded in 2005 and was acquired by The Brink’s company for USD 213 million in 2021. Payment Alliance International provides ATM management services to a variety of customers in the finance and retail sectors. They provide services and tools to individuals who require services for ATMs. The company aims to make access to cash for consumers reliable.

PrinetaLLC

PrinetaLLC is one of the leaders in ATM services across the country. The company was founded in 2009 and helped business owners in Kansas City get better rates on their credit card processing accounts. In 2013, the company expanded nationwide, providing full-service ATM cash management and placement along with ATM deployment and operations. PrinetaLLC also has one of the biggest networks of certified ATM technicians in the States offering payment services to high-risk merchant accounts and point-of-sale systems.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.