The ATM Industry Association (ATMIA) and the Latin American Association of Electronic Funds Transfer and Information Service Operators (ATEFI) have formed a partnership to share education and training services, industry information, fraud-prevention efforts and speakers for industry events.
The number of ATMs has been growing rapidly in Latin America, according to ATMIA, increasing as much as 16% over the past six years. The market is also deploying biometrics and cardless transactions, the group said.
"ATMIA's best practices and training resources, as well as their efforts in helping the industry fight fraud, are very much of interest to our members," ATEFI Executive Director Oscar Castellano said. "We look forward to a long and mutually beneficial relationship with ATMIA."
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ATEFI, which is a nonprofit composed of 23 enterprises servicing over 75 million customers, operates the majority of ATM debit networks in Latin America. ATMIA is a nonprofit association with more than 5,000 members in 65 countries.
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