Vital Role of ATM Thermal Paper Rolls Suppliers in Ensuring Receipts for Transactions

by Pritam Singh Business

Across most urban and suburban locations almost all of the personal banking is being done on automated teller machines (ATMs) because of the convenience it offers. To begin with, the transactions hardly take more than a minute whether it is withdrawal of cash or getting a mini statement. One of the things that make it easy for customers is the speedy issue of a receipt for every transaction they do. These receipts are printed on thermal paper, which the ATM owners source from ATM thermal paper rolls suppliers. Most of the ATMs have thermal printers installed inside which make it easier to manage them as these printers need no ink or ribbon.

Banking as it used to be earlier

In the pre-ATM days, banking used to be quite a time-taking affair depending on the footfalls a particular branch attracted. For instance, if you wanted to withdraw cash, you would go to a bank and deposit a cheque of the said amount at the clearing counter and in return you would get a token specifying a number. Thereafter, you would have to wait an average of half an hour for your token number to get displayed at the teller counter. There, the teller will make you sign on your cheque once again and then count the cash at least twice before handing it over to you. On a normal day, this entire process would take at least an hour.

ATMs have revolutionized retail banking

The arrival of ATMs has changed the way people access the banks for withdrawing cash or even checking their balance and getting a mini statement of their last few transactions. However, if ATMs don’t function properly, then customers will start complaining and then avoiding them altogether. One of the reasons customers perceive an ATM to be functioning below par is the inability to dispense a receipt for any transaction done. In order to avoid any such situation, the ATM owners ensure that they source their supplies from ATM thermal paper rolls suppliers.   

There are not enough ATMs in the country and even in the numbers that are available, around one-third are not functioning according to the Reserve Bank of India (RBI). Of the rest that are functioning, many of which are located in busy locations, have to deal with fast cash depletion. Then there are those that do not dispense receipts quite often, as the owners do not bother to feed in the paper whenever the machine runs out of thermal paper rolls.

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About Pritam Singh Freshman   Business

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Joined APSense since, May 2nd, 2018, From Noida, India.

Created on Oct 6th 2018 04:11. Viewed 205 times.


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