NAICS Code 423420-39 - ATM Sales & Service (Wholesale)
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NAICS Code 423420-39 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423420-39
Parent Code (less specific)
Tools
Tools commonly used in the ATM Sales & Service (Wholesale) industry for day-to-day tasks and operations.
- ATM dispensers
- Card readers
- Keypads
- Receipt printers
- Cash cassettes
- Power supplies
- Modems
- Enclosures
- Security cameras
- Diagnostic software
Industry Examples of ATM Sales & Service (Wholesale)
Common products and services typical of NAICS Code 423420-39, illustrating the main business activities and contributions to the market.
- Bank ATM machines
- Convenience store ATM machines
- Retail location ATM machines
- Gas station ATM machines
- Hotel ATM machines
- Casino ATM machines
- Restaurant ATM machines
- Movie theater ATM machines
- Amusement park ATM machines
- Airport ATM machines
Certifications, Compliance and Licenses for NAICS Code 423420-39 - ATM Sales & Service (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- PCI DSS: The Payment Card Industry Data Security Standard is a set of security standards designed to ensure that all companies that accept, process, store or transmit credit card information maintain a secure environment. The PCI Security Standards Council provides the certification.
- ETA CPP: The Certified Payments Professional program is designed to recognize individuals who have demonstrated a mastery of the knowledge and skills needed to perform as a payments professional. The Electronic Transactions Association provides the certification.
- NCR ATM Certification: NCR Corporation provides a certification program for individuals who install, maintain, and repair NCR ATMs. The certification program covers topics such as ATM hardware, software, and security.
- Diebold Nixdorf ATM Certification: Diebold Nixdorf provides a certification program for individuals who install, maintain, and repair Diebold Nixdorf ATMs. The certification program covers topics such as ATM hardware, software, and security.
- ATMIA Certified ATM Professional: The ATM Industry Association provides a certification program for individuals who work in the ATM industry. The certification program covers topics such as ATM hardware, software, and security.
History
A concise historical narrative of NAICS Code 423420-39 covering global milestones and recent developments within the United States.
- The ATM Sales & Service (Wholesale) industry has its roots in the early 1960s when the first ATM was installed in London. The first ATMs were not very user-friendly and were only available to a select few. However, as technology improved, ATMs became more widespread and accessible to the general public. In the 1980s, the first drive-up ATMs were introduced, and in the 1990s, the first ATMs with color screens were developed. In recent years, the industry has seen a shift towards more advanced ATMs that offer a wider range of services, such as check cashing, bill payment, and money transfers. In the United States, the industry has been growing steadily, with an increasing number of businesses and financial institutions relying on ATMs to provide convenient and secure access to cash and other financial services.
Future Outlook for ATM Sales & Service (Wholesale)
The anticipated future trajectory of the NAICS 423420-39 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the ATM Sales & Service (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for ATMs in various sectors such as banking, retail, and hospitality. The rise of digital banking has not reduced the demand for ATMs, as they continue to be an essential part of the banking infrastructure. The industry is also expected to benefit from the increasing adoption of advanced technologies such as biometric authentication, contactless payments, and mobile banking. The COVID-19 pandemic has also accelerated the adoption of digital payments, which is expected to drive the demand for ATMs in the coming years. Overall, the industry is expected to grow steadily in the coming years, driven by technological advancements and changing consumer behavior.
Industry Innovations for NAICS Code 423420-39
Recent groundbreaking advancements and milestones in the ATM Sales & Service (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Cash Recycling Atms: These ATMs allow users to deposit and withdraw cash, and the deposited cash is recycled for future withdrawals. This innovation reduces the need for cash replenishment and improves the efficiency of ATM operations.
- Contactless Atms: These ATMs use near-field communication (NFC) technology to enable contactless transactions, reducing the risk of spreading infectious diseases. This innovation has become more relevant due to the COVID-19 pandemic.
- Mobile Atms: These ATMs are mounted on vehicles and can be deployed to remote locations or events where there is a temporary need for cash. This innovation provides greater flexibility and convenience to users.
- Intelligent Deposit Atms: These ATMs use advanced image processing and recognition technologies to count and validate deposited cash and checks, reducing the need for manual processing and improving accuracy.
- ATM Managed Services: Some companies offer managed services for ATM operations, including maintenance, cash management, and monitoring. This innovation allows businesses to outsource their ATM operations and focus on their core activities.
NAICS Code 423420-39 - ATM Sales & Service (Wholesale)
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