The ATM Industry Association (ATMIA) is looking at the possibility of efficiently driving the next generation of ATMs using cloud computing technologies.

The ATM industry body said this when it announced the publication of “Cloud-Based ATMs – Future ATM Hardware and Software Architecture,” a report that reviews evolving cloud-based ATM hardware and software architectures and processing solutions.

The report is written by Eric de Putter, Managing Partner of Payment Redesign.

“Innovation in the ATM industry right now is the hottest it has been in over a decade”, Mike Lee, CEO of ATMIA says. “Eric has expertly assessed how the Cloud can empower a new generation of ATM software and hardware. This study is yet another contribution from our association to furthering industry conversations and developments in the field of innovation.”

According to ATMIA, the report covers such topics as lowering the Total Cost of Ownership through the Cloud, impact on future OS upgrades and migrations, increased ability to connect to non-banking applications, such as selling lottery tickets, voting, and making charitable donations – simply by adding apps to the ATM and new deployment potential arising from a more flexible, modular approach to ATM architecture.

“It’s no exaggeration to say we’re entering a new era for ATMs,” Lee added. “This report will help our members understand the window of opportunity better which is opening up before our eyes.”

The ATM Industry Association promotes ATM convenience, growth and global usage.