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Thousands of ATMs May be Disabled by ADA Compliance Requirements

Mercator Advisory Group by Mercator Advisory Group
June 21, 2011
in Analysts Coverage
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The US Department of Justice requires that by March of 2012 ATMs must be able to meet the new physical access and communications standards required by the Americans with Disabilities Act (ADA). While newer ATMs can be upgraded to meet the new requirements, older machines will have to be replaced.

Depending on the company, an owner may decide to upgrade the machine, replace it, or risk not doing anything in the hope that the ATMs don’t catch the attention of the U.S. Department of Justice (DOJ) or private citizens who could file lawsuits against the owner. If the company is planning to install ATMs in a planned building, they must meet the 2010 ADA guidelines. If the ATMs do not meet the 2010 guidelines, a building inspector may not approve the building construction plans.

There are 225,000 FI-owned ATMs, and 97,000 ATMs owned by banks and credit unions are in full compliance with ADA requirements. One hundred and fifty thousand financial institution-owned ATMs meet the audio requirement, but 75,000 FI-owned ATMs don’t have audio jacks based on 2010 data.

There are 215,000 IAD-owned ATMs, and 65,900 IAD-owned ATMs are in ADA full compliance, and 140,676-IAD-owned ATMs have met the voice requirement. But 74,324 IAD-owned ATMs do not have audio jacks based on 2010 data.

For detailed information on the ADA requirements read the article at ATM Marketplace: http://www.atmmarketplace.com/article/181750/Thousands-of-ATMs-may-not-be-worth-upgrading-to-meet-ADA-requirements

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