Gift card dispensing ATMs are coming to Europe

Better ATM Services' patented card-dispensing technology is coming to Europe. Capital Market Technologies is now an official distributor of the new generation ATMs which are able to dispense gift cards and other prepaid media using existing equipment with no add-on devices through regular cash trays.

The new technology will allow banks, shopping malls, restaurants, stores, etc. to boost their profits. "The agreement with Better ATM Services allows us to make another important step in providing unique solutions to the financial markets in the U.K. and Europe," said Capital Market Technologies chief executive Jack Bouroudjian. "The expected impact of Better ATM Services' technology on businesses ranging from banks to advertisers is quite exciting."

"We are looking forward to working with CMT to guide our expansion into international markets," Better ATM Services' CEO Todd Nuttall said, "From initial reports, European customers are expected to rapidly embrace Better ATM Services' innovative ATM-based payment card dispensing technology. We anticipate some very creative applications of our technology developing from this relationship."