While historically a slow moving industry, the ATM industry is moving forward with a OS agnostic platform that aims to transform the industry. The platform, called XFS4IoT, aims to provide benefits to vendors, banks and users.
While historically a slow moving industry, the ATM industry is moving forward with a OS agnostic platform that aims to transform the industry. The platform, called XF4IoT, aims to provide benefits to vendors, banks and users.
Rob Hunter, head of sales and business development for North America at KAL ATM Software discussed the standard during a panel at the ATMIA conference held from Feb. 7-9 in New Orleans, Louisiana.
The acronym XFS stands for extension for financial services. Hunter said it controls the interface of the Windows OS to the ATM's devices such as the card reader and cash dispenser. This standard powers 90% of ATMs in operation today worldwide.
The XFS is managed by the CEN/XFS committee which consists of major industry players including Diebold Nixdorf and NCR and is open to anyone. The committee also considers new devices and develops APIs that hardware vendors can use to develop their own XFS layers. Vendors are responsible for testing, development and testing of XFS for their own systems.
"All the XFS committee is responsible for is putting together the specs," Hunter said.
However, Hunter noted that the current XFS standard has been around for 20 years and with a system that's been around for that long.
"It's time to make changes," he said.
What the new platform offers
The XFS4IoT platform offers new functionality and as it's platform agnostic, there is ..
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