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Three Ways You're Compromising Your FI Asset Recycling Processes

Updated: Jan 19

January 5, 2023

Banks and credit unions face numerous challenges when managing their ATM units and fleets’ lifecycle, including ensuring the units’ security at the end of their lifecycle.

Unfortunately, many financial institutions make mistakes that can compromise the security of their ATM units during the recycling process. Here are three common mistakes to avoid:

  1. Not properly sanitizing the ATM units. Before recycling an ATM unit, it is essential to properly sanitize it to remove any sensitive data or personal information that may be stored on the unit. Failure to do so can result in data breaches and put customers at risk.

  2. Not using a reputable recycling company. It is important to choose a reputable and certified recycling company to handle the disposal of your ATM units. Using a fly-by-night recycler can put your customers' data and your financial institution's reputation at risk.

  3. Not properly destroying the hard drives. The hard drives of ATM units often contain sensitive customer data, making it essential to properly destroy them before recycling them. Failure to do so can result in data breaches and put your customers at risk.

By avoiding these common mistakes, banks and credit unions can ensure the security of their ATM units and protect their customers' data during the recycling process.

Partnering with a reputable and experienced ATM lifecycle management provider, such as Tellerex, can help financial institutions avoid these pitfalls and ensure their ATM units’ secure and responsible disposal.


About Tellerex

Tellerex is committed to leveraging our knowledge and experience to reduce ATM expenses and accelerate their contribution to your bottom line. To learn more about our solutions, contact us by e-mail or visit us online.


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