An independent ATM deployer (IAD) is a non-financial institution that owns, manages, and places
ATMs (
cash machines) in retail premises or elsewhere known as
white-label ATMs.
IADs emerged in the 1990s in the USA while working alongside
depository institution
Colloquially, a depository institution is a financial institution in the United States (such as a savings bank, commercial bank, savings and loan associations, or credit unions) that is legally allowed to accept monetary deposits from consumer ...
s, such as banks or building societies, to allow people to access cash.
See also
*
ATM Industry Association (ATMIA)
References
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Banking infrastructure
Payment systems