Yeah if it’s not owned by a bank, it will be owned by an institution that runs (or otherwise has access to) a proprietary interbank network. In most countries consumer financial services are super regulated legally, so everything gets locked down
It’s not the regulations, it’s the banks. They’re super paranoid, everything has to be proprietary. And at the same time their backends are all ancient and seriously decrepit. Which has to be kept secret and airgapped from the public.
Okay, so the ATM is basically the bank’s own system.
It could even be a conglomerate related to finance ?
Yeah if it’s not owned by a bank, it will be owned by an institution that runs (or otherwise has access to) a proprietary interbank network. In most countries consumer financial services are super regulated legally, so everything gets locked down
It’s not the regulations, it’s the banks. They’re super paranoid, everything has to be proprietary. And at the same time their backends are all ancient and seriously decrepit. Which has to be kept secret and airgapped from the public.
I’d honestly trust an ancient decrepit system over a modern one, these days.
– Frost
And what’s that ??