Welcome to episode 50 of the CU 2.0 Podcast.
You have your eye on new ATMs for your credit union – but you are given pause by the price tags that can quickly jump above $50,000 apiece.
Here’s a reality: most credit union ATMs that I see are old, creaky, lacking functions, sometimes with screens so weathered and scratched they are barely readable.
Then there are the ATMs that I see at nearby Chase’s. Cardless access. Sleek.
Enough to make you drool?
Enter Tellerex and a possible answer to your desires. An ATM lifecycle management company, Tellerex works with financial institutions both large and small.
There’s magic in that formula. A handful of big banks are dueling over who has the best ATM fleet and they are in constant upgrade campaigns. What happens to the 1500 and more ATMs they replace every year – typically after five to seven years of use?
When Tellerex is the player, what happens is that discarded ATM is given new life – often new software, sometimes even a new processor. A new top of the line ATM might cost $50,000 to $75,000. A refurbished five year old ATM might cost half that.
You life that math? Of course. And your members will like the upgraded user experience.
Listen in to a podcast that tells you all you wanted to know about ATMs but didn’t know who to ask.
Giving answers here are Tellerex’s chairman and co-founder James Kilkelly, CEO Christian Ranke, and chief operations officer Brian Lechlitner.