Community Banks and ATM Ownership By Eric Hallman, Vice President — Bank Card Bankers’ Bank of the West, ICBC Member and ICBC Preferred Provider “The only constant in life is change,” a sentiment famously attributed to the Greek philosopher Heraclitus, has never felt more relevant than in the world of community banking today. With the rapid evolution of technology, shifting regulations, changing demographics and the dynamic growth of digital payments, community banks are experiencing continual transformation. Nowhere is this change more evident than in the ATM and debit card industry. For nearly 40 years, community banks have been involved in the ATM/debit card market. Over this time, advancements and improvements have become the norm. However, many community banks still view their ATM and debit programs as a “necessary competitive evil.” 12 | INDEPENDENT REPORT
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