For decades, the world of personal banking looked relatively the same. We stood in line at the bank, waiting for a teller to assist us, or handled our transactions independently through an ATM. These days, most of us are processing multiple transactions through our phones, computers, or tablets, and rarely see the need to step foot into the bank.
Though this shift has made a direct impact on the number of tellers that are needed to staff an institution, it has made little difference in our continuing need for ATM’s. Our reliance on convenient banking presents particular challenges, however, as machines must be updated and replaced well before they quit working.
The Inside Information
Part of what makes electronic banking transactions so painless is the storage of massive amounts of personal data, which is automatically retrieved every time we log in to a system. ATM’s are no exception to this rule, and each time a machine is replaced, the old ATM must be disposed of with expert care and professional discretion.
Containing digital records of sensitive financial information, each decommissioned unit requires thorough destruction of data before it can move further along the recycling process.
The Cost of Speed and Security
Technological advances occur at an alarming rate, often translating into increased speeds and greater user capabilities. As such, banking institutions are eager to implement the latest technology to improve their customer’s experience.
This means that some ATM’s become outdated rather quickly, and end up being replaced by machines that can possess features such as:
- Touch-screen user interface
- Versatile cash withdrawal options
- Phone and ATM communications
- Compact and streamlined designs
- Increased safety and security
With new units being installed at an accelerated rate, the older equipment becomes a bulky pile of ever-growing e-waste.
Current Solutions
To encourage proper disposal of e-waste, our team of experts at TechWaste Recycling offer pick-up services to financial institutions. This convenience eliminates the risk of having a third-party delivery service, providing the bank the confidence they need in knowing the ATM’s will be wiped clean of all information. Additionally, we know how problematic the electronic components of an ATM can be to the environment, and our professionals possess the necessary knowledge and skills for processing every aspect of the decommissioned equipment.
With great technological advances, our society has become used to quick services that we can operate from almost any location, but this comes at the cost of mounting e-waste. It is for this reason that we at TechWaste Recycling are proud to provide a comprehensive solution to these current problems, in a professional and attentive manner.
TechWaste Recycling directly services all of Southern California and provides pickup services to its facilities from nationwide locations. Visit TechWaste Recycling’s website at www.techwasterecycling.com to schedule a pickup that works for your convenience and schedule.
Learn more about TechWaste’s banking equipment and ATM decommissioning process here: Bank and ATM Recycling Services
Contact Info:
Richard Steffens
1940 E. Occidental street
Santa Ana, CA 92705
Phone: 866-637-8469
