Exposure from Older, Non-Compliant ATMs
Criminals actively target older ATMs that have potential vulnerabilities. This concept has been consistently proven as bad actors go after machines that have failed to block off access points, lockdown software entry points, update operating systems, or upgrade to EMV. These machines are the ones most likely to lack:
- Encrypted PINs and data
- Anti-skimming and tampering protections
- Updated software security
But it’s more than attracting ATM crime. Come 2025, non-compliant ATMs will face:
- Supply delays if seeking last-minute upgrades or even newer ATMs, as demand spikes.
- Greater liability if breached, as older ATMs lack security.
Though risks today appear minimal, merchants - even one ATM upgrade behind - compound their vulnerabilities. Machines that are several updates behind are just increasing their risk. More importantly, ATMs that are not fully compliant face a real possibility of taking on the liability should their machine become the target of an attack.
Partnering With a Reliable ATM Provider Can Help
Rather than shoulder the weight of liability or the ATM upgrade costs now and down the road when the inevitable mandatory security upgrade arises, merchants should consider partnering with a reliable ATM provider.
BFC Enterprises, which has been in business more than three-quarters of a century, partner can take on the ownership and capital costs of maintaining upgrades and compliance of merchant machines. This includes passing off the liability associated with potentially out-of-date equipment or software.
By taking a proactive approach to ATM compliance now, merchants can focus on their business operations and making money – rather than potential risks and losses. Partnering with BFC Enterprises is an effective way to cost-effectively provide customers with secure, compliant ATMs while reducing your long-term risk exposure.
Don’t wait until the last minute – make the smart choice for your business before January 2025.
Contact BFC Enterprises today to see how your business can continue to provide safe and secure cash access while still benefiting from ATM surcharge income.