Saturday, November 30, 2013

Assault at ATM: Bank union asks RBI to scrap ‘white-label’ model

.......Banks were following different methods of filling cash, daily maintenance and security at the ATMs and many of these functions were outsourced, leading to customer complaints. In the case of `white-labels’ it would be the responsibility of the private agencies to locate, instal, and maintain ATMs, but with no provision of security. In view of this, the RBI should scrap this move, Nandakumar said.

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