difference b/w white atm and brown atm?
Answers
Answer:
Difference is this ATM machine does not have any branding of Bank. Brown Label ATM is sharing cost concept. In Brown Label ATM hardware is owned by service provider, but cash management and network connectivity is provided by sponsor bank. ... Brown Label ATM is cost effective solution for the banks.
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Brown ATM:
1.When banks outsourced the ATM operations to a third party.
2.The bank (which has outsourced this work) provides cash for that ATM.
3.ATM has logo of that bank (which has outsourced this work).
4.RBI not involved directly. These outsourcing companies have contractual obligation with their respective banks.
White ATM:
1.When ATMs are owned and operated by non-bank entities but they are not doing ‘outsourcing-contract’ from a particular bank.
2.Sponsor bank provides the cash.
3.White label ATM doesn’t have such logo. Not even of the sponsor bank.
4.RBI directly involved because these white label Companies have to separately get license/permission from RBI to run business