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Verifone launches ATM-kiosk hybrid

As banking increasingly moves beyond bank branches and into the self-service market, we’re starting to see a convergence between traditional ATMs and specialized kiosks.

The latest:

VeriFone Holdings and PROSA, a Mexico-based electronic switch processor, have introduced an ATM-kiosk hybrid with cash dispensing and deposit functionality, designed for the Latin American market. According to a news release, PROSA plans to roll out the kiosks at retail locations throughout Mexico.

The MX ATM features a number of customizable functionalities, including cash dispensing, balance inquiry, mobile top-up, bill payment, coupon redemption and prepaid card reloading. Miguel Angel Balcazar, PROSA’s executive director of new business, says the kiosks will help retailers reach their customers better and save money.

The MX ATM also can be configured to include barcode and biometric readers as well as coin acceptors.

Look for more of the same in the coming months.

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