Kalpana, developed by US-based computer hardware and software company NCR, is set to reduce ATM costs by up to 40%, with its ‘game-changing’ software solution.
This is over 30% more than their competitors, according to Robert Johnson, global director of software solutions at NCR.
Johnson said that the overall average running cost of a cash-dispensing ATM is $20,000 per year, but the Kalpana software will reduce this cost to between $12,000 and $15,000 a year, approximately.
In other terms, a bank or ATM operator with a network of 100 ATMs could reduce the total cost of ownership by $540,000 to $800,000 a year by using Kalpana software.
The cost savings come from automating a lot of the management and operational aspects of running an ATM fleet: not needing to build in lots of layers of extra security software at the client end.
"Because it’s more in the new mainstream IT arena, speed can be doubled," Johnson added.
While the software will reduce costs by 40%, other companies in the market can only offer options which reduce costs by less than 10% in the same industry.
When talking to CI, Johnson said: "Normally, you’ll see that across the technology industry everyone will come out with the next thing and will make a business case judgement based on a percentage saving of cost.
"Typically, in the area we’re operating in with the banks, a new piece of technology will save you maybe 5-7% if it’s a really good solution. We’re proposing a saving of 40%. This is a game changer. It’s a level of change in the self-service channel that we haven’t seen for probably a generation."
Cardtronics, the world’s largest retail ATM owner/operator, has already set plans to pilot the new software at locations in the Dallas-Fort Worth area later this spring. NCR hopes that from five years of launch, the new Kalpana technology will be deployed at the same rate as current technology.