Paragon Contributes to ATMIA’s Next Generation ATM Initiative

ATM industry leaders partner to design the future ATM, develop industry standards of the ATM ecosystem 

Paragon Application Systems (Paragon), the financial services industry’s leading provider of testing solutions, has furthered its partnership with ATMIA’s global consortium of more than 100 industry leaders dedicated to ensuring ATMs remain relevant in the digital future. As a provider of advanced testing solutions designed to drive the industry forward, Paragon contributes valuable testing expertise and input that will shape the future look, feel and functionality of next generation ATMs.

ATMs play an important role in the future of self-service financial technology. The blueprint for next generation ATMs incorporates converging convenience-based and popular consumer technologies such mobile banking apps, cloud services, cardless ATM access, NFC and biometric authentication. Such advances will demand new industry standards, and Paragon has been a leading advocate for universal ATM functionality, user interface and security guidelines.

“The ATM celebrated its 50th anniversary last year, and we’re looking forward to seeing new levels of innovation and transformation as these machines evolve,” stated Mike Lee, CEO at ATMIA. “By joining forces with leaders from all across the ATM space, there’s no limit to the enhancements we can bring to these machines to ultimately boost the end user experience and security. We’re committed to making sure ATMs retain their relevance in financial services well into the digital future.”

As a leader in next generation testing solutions, Paragon provides automated and virtualized testing solutions to ATM deployers. As the machines are revamped to better fit the digital consumer’s needs, even more scenarios and functions will have to be tested to ensure ATMs remain reliable and secure, especially in today’s threatening cybersecurity landscape. A next generation testing initiative supports the alliance’s efforts to propel these machines and their functionality into the digital age. Paragon has been a part of this initiative for more than a year, back when the alliance was formed.

“Advanced ATM and self-service channels are being demanded by consumers as an alternative to branches that can save them time and add more convenience to their banking experience,” stated Jim Perry, CEO at Paragon. “The development of next generation machines is great, but requires the industry to move forward with next generation testing practices simultaneously. Manual tests conducted in physical labs just aren’t fast, efficient or accurate enough for today’s landscape; a new mindset must be adopted. We’re proud to work with ATMIA in this initiative as we help ensure the future of the ATM.”

Members of the next generation ATM consortium include ATM manufacturers, deployers, networks, vendors, suppliers and service-providers. For more information, click here.

 

ATMIA is the leading non-profit trade association representing the entire global ATM industry. ATMIA serves more than 11,000 members from over 650+ companies in over 70 countries spanning the whole ATM ecosphere, including financial institutions, independent ATM deployers, equipment manufacturers, processors and a plethora of ATM service and value-added solution providers.

ATMIA provides education, advocacy and connections to help its members keep abreast of industry news and developments; increase knowledge and professionalism; improve operational efficiencies; understand and influence regulatory processes; participate in the local, regional and global ATM community; and forge new relationships to advance their businesses.

Founded in 1997, ATMIA has active chapters in the United States, Canada, Europe, Latin America, Asia-Pacific, Asia, Africa, India and the Middle East focusing on the unique needs and issues of each region.

For more information, please visit atmia.com. Follow us on LinkedIn, Twitter or YouTube. We are also listed on Wikipedia.

 

Paragon Application Systems is the leading independent provider of simulation, configuration, certification and end-to-end testing solutions for the financial services industry. Paragon’s solutions have enabled more than 600 financial institutions, major interchanges, software providers and payment processors across 90 countries to improve their quality and reduce time to market. The company has a 90+ percent customer retention rate providing software and services that allow organizations to deliver the services their customers need when they need them. Visit www.paragonedge.com for more information, and follow our blog at www.testingrevolution.com/blog