Become Part of the Cash Ecosystem

Around 5,400 ATMs in Switzerland and Liechtenstein settle their transactions via the SIX network. Cash withdrawals and deposits are secure and can be made around the clock. SIX has a continuously monitored connection to card schemes including American Express, China Union Pay, Diners Club, JCB, Mastercard and Visa.

SIX has also worked with banks to standardize the ATM landscape, allowing participating banks to benefit from reduced procurement prices from equipment manufacturers, maintenance savings and standardized customer and advisor functions. SIX defines and manages common standards and requirements for each network, as well as processing interbank and internal bank transactions.

Contactless ATM Transactions are increasing rapidly throughout the world. The question as to how the supply and collection of cash can be guaranteed in future acquires a new dimension through the introduction of contactless technologies such as QR code and NFC.

Swiss financial institutions are increasingly outsourcing the management of their ATMs. In order to exploit optimization potential, it is necessary to bundle services with a provider. An important component of this is the cash management service.

Card-issuing banks are increasingly offering their customers debit and credit cards with multiple accepted card logos and thus multiple payment options. ATM operators can prepare for the changing situation by prioritizing cards with multiple payment options.

The trend in attacks on financial institutions is shifting towards logical and cyber attacks. This new threat level requires a central, cross-bank solution. SIX has initiated workshops together with the banks, analyzed security incidents and attacks, and already developed initial solutions.

A recent study commissioned by SIX shows that the number of withdrawals and deposits at ATMs could be handled with just a third of the machines currently installed in Switzerland – thanks to resizing and without restricting access to cash.

SIX estimates that Swiss banks incur over CHF 1 billion in cash services costs every year. However, cash services do little to help financial institutions stand out positively in the market. Furthermore, financial institutions incur these costs almost irrespective of the volume of cash. The percentage share of the costs thus increases as the amount of cash decreases. SIX realizes cost savings for its partners by standardizing equipment, software and processes, maintaining interfaces and taking care of the testing. We are also actively involved in transforming the sector: together with banks and commerce, we are advancing centralized management and developing innovative collaborative solutions for cash services in the Swiss financial market.