ATM Transaction Processing Services
ATM transaction processing services are possible because all banks are
connected together in networks. Processors use the network connections
to contact the ATM you are using, the bank you bank at, and the ATM owner's
bank. Banks want to know how much money you have and how much you want to take out.
That's where ATM processors come in. Processors connect cardholder banks and ATM banks together to conduct transaction processing.
When we service your processing account, we help
issue master keys, help resolve Regulation E claims, fill out forms for
ATM location changes, bank deposit changes, etc.
Processing through MAG costs pennies a month to the ATM owner. We have
no monthly access fees, or monthly service charges. We do not take any
of your surcharge. You keep 100% of that. The only monthly fees we have
is for phone data charge reimbursment to the network when certain administrative
functions are done. Some ATM administrative functions require the ATM
to dial out to a 1-800 number. For example, when loading cash. The ATM
will dial out to the processor with an updated bill count that you can
see online. When you load cash, you tell the ATM how much you put in it,
it will dial out and tell the processor. It costs 3 cents for the processor
to take that call. So, at the end of the month, the processor wants to
be reimbursed that 3 cents. If you put money in the ATM once a week, there
would be a 12 cent charge at the end of the month, if that was the only
report you ran. Sometimes you may need to run a day total, etc. That would
be another 3 cents. The bottom line is, most ATM owners will have between
.12 and .50 charge at the end of the month, depending on how many reports
are ran. Note: not all reports dial out to the processor. There are no
charges for those reports.
Contact us about any processing questions or if you want to switch your
ATM processing to us. If buying a new ATM unit , it will already come
with processing. We make it very easy to purchase and operate an ATM.
We sell the ATM machine, put the ATM on the networks then monitor and
troubleshoot the ATM for problems or out of cash errors. Since we are
your account rep for processing, we are available anytime you need us.
Our processing runs seamlessly in the background.
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