One of the biggest private banks and ATM deplorers in Turkey kicked off the ATM solution pilot of F@ST Abacus, early October, 2011. The software solution is supplied by GRGBanking, the leading currency recognition and cash processing solution provider in China and the global market. The bank is considering using the software solution to manage and improve its off-site ATM location selection process.

F@ST Abacus is an intelligent ATM location selection and analytic management platform. It provides standardized investigation method and scientific evaluation rules, helps banks selecting suitable locations and keeps track of the on-site investigation team performance.

Location is the most important factor for ATM deployment, since more than 80% of ATM efficiency and profitability is decided by the location selection. Research showed that placing the ATM in a highly visible and impulse-friendly location traditionally will increase transactions by 25 to 30 percent.

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