January 9, 2023
When recycling their ATM units at the end of their lifecycle, banks and credit unions should carefully consider which companies they partner with to manage the associated risks effectively. Here are a few key factors that banks and credit unions should look for when deciding which companies to work with:
First and foremost, banks and credit unions should look for companies with a proven track record of properly and safely recycling ATM units. This means that the company should have experience in adequately disassembling and dismantling ATM units and properly disposing of the various components and materials in a manner that is safe for the environment and compliant with local regulations.
Secondly, banks and credit unions should also look for companies that can provide a full range of services related to ATM recycling. This might include transportation and logistics services to ensure that ATM units are safely and efficiently transported to the recycling facility and data destruction services to ensure that any sensitive customer data is properly erased from the units before they are recycled.
Finally, banks and credit unions should also consider the cost of partnering with a particular company. While choosing a company that provides high-quality services, it's also important to ensure that the costs of those services are reasonable and in line with the budget of the bank or credit union. By carefully considering these factors, banks and credit unions can decide which companies to partner with to effectively manage the risks associated with ATM unit recycling.
When recycling their ATM units at the end of their lifecycle, banks and credit unions should carefully consider which companies they partner with to manage the associated risks effectively.
If you're a financial institution looking to partner with a company that can provide the best risk mitigation services for ATM unit recycling, consider reaching out to Tellerex to learn more about how they are advancing the industry.
By partnering with Tellerex, you can trust that your ATM units will be recycled safely and efficiently and that any sensitive customer data will be properly erased.
Contact Tellerex today to learn more about how they can help your financial institution manage the risks associated with ATM unit recycling.
Want to stay informed about the latest developments from Tellerex? Learn more about lifecycle management and environmental, social, and governance (ESG) topics. Subscribe below!