An independent ATM deployer (IAD) is a non-financial institution that owns, manages, and places
ATMs (
cash machines
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, fund ...
) in retail premises or elsewhere.
IADs emerged in the 1990s in the USA while working alongside
depository institution
Colloquially, a depository institution is a financial institution in the United States (such as a savings bank, commercial bank, savings and loan associations, or credit unions) that is legally allowed to accept monetary deposits from consumer
...
s, such as banks or building societies, to allow people to access cash.
See also
*
ATM Industry Association (ATMIA)
References
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Banking infrastructure
Payment systems