White-label ATM

Canadian ATMs not affiliated with a bank White-label automatic banking machines (ABMs) or white-label ATMs are ATMs that offer an alternative to traditional bank-owned ATMs for cash dispensing. These machines may be operated by an independent ATM deployer. White-label, or "no name," ATMs are commonly found in non-traditional locations, such as grocery stores or other non-bank venues. These machines do not display any major bank branding, and the fees are generally higher compared to those of bank-owned ATMs. History In Canada, the major financial institutions have their own branded ABMs located across the country, with these machines prominently displaying the banks' logos. White-label or "no name" ABMs, typically found in non-traditional locations, do not display any major bank labels. Before 1997, only banks and other deposit-taking financial institutions were permitted to participate in the Interac network. After 1997, independent operators were allowed to operate ABMs not owned by major financial institutions. As of 2012[update], with a network of over 15,000 units, the NRT Technology Corporation became the largest processor of non-bank ABMs in Canada, processing more than 50 m