A new term in Banking Industry ” What are Brown Label ATMs ? – Which are very much in demand now : As per the Banking term the definition of Brown ATM is –
In General : Brown ATM’s are ATM’s which are not owned by banks but by private ATM service providers where Hardware issues are maanged by the Service Providers and cash management , connectivity to banking networks is provided by a sponsor bank. In simple ATM will have only brand of bank but machine will be owned by vendor.
The `brown label ATM ‘is the new alternative between bank-owned ATMs and ‘white label’ ATMs.