Cash dispenser reconditioning, a good business

The increase in the potential of the card market, which had been anticipated as early as last year, provides new business opportunities for those who develop parallel businesses, as well. The number of cards issued by banks is getting higher and higher, but the main issue, i.e. the extremely low number of ATMs and POS-es remains, so that some companies offering various related services such as ATM reconditioning for much lower prices have entered the market. Raiffeisen Bank and Banca Transilvania are, according to the information published on the web site covering cashless payment issues, www.no-cash.ro, the first banks of Romania to have expanded their ATM network by buying reconditioned cash dispensers. According to the above-mentioned source, the only supplier on the Romanian market is Soprenco Services Ltd, which became operational in early 2001. “We sold the first reconditioned ATM last spring. Since then, we have sold 283 such pieces of equipment,” B. Michael Beck, managing partner of Soprenco LTD, was quoted as saying by no-cash. The company’s representative considers there are no differences between a new ATM and a reconditioned one. “Technical characteristics and operating principles are the same,” Michael Beck feels. “New ATMs can be more stylish in the sense that they have larger or digital screens. This feature is not fund in reconditioned ATMs. But if you want to withdraw cash, a reconditioned cash dispenser is as good as a new one,” he added. ZF