ATMIA and the ATM Security Association Join Forces Permanently

The ATM Security Association (ASA) and the ATM Industry Association (ATMIA) this week signed a final agreement to join forces and work together on a permanent basis. ASA will retain its name and logo and will now fall under the governance and ownership of ATMIA.

“After just over a year of fruitful discussions, negotiations and transitional arrangements, managed by a Joint Governance Committee, ATMIA and ASA are now officially one,” Mike Lee, CEO of ATMIA, said. “I’m delighted and excited that we have joined forces to fight together the threats of globally operative criminal groups and fraudsters. One cannot just focus on one region anymore. Those days are over. The fight is global and that is why we will build a global security platform in the coming months and years.”

The agreement, which comes into immediate effect, is the culmination of the successful aligned work achieved under the earlier Memorandum of Understanding (MOU) signed in March last year.

“Given the great strides our industry has made with advancements in various technologies that consumers value at the ATM, it’s vital that we continue our industry collaborative efforts to effectively combat the impact that technically sophisticated global crime has on the ATM channel,” commented ASA President, Uwe Krause.

Next steps for the new ATM Security Association include signing off a combined Charter and Operational Manual, completing the transfer of assets, setting up a new global ATM security portal and delivering several agreed-upon benefits to members.

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