At the moment, one third of the 55,000 ATMs in Canada are owned by financial institutions. The remaining two thirds are owned by private companies. When white label ATMs in businesses charge convenience fees of about $2, part of the fee goes to the company that owns the ATM, and the other part goes to the business person. So, depending on how busy the business is and the agreement between the business person and the private company, the monthly revenues from one of these white label ATMs in a business are very high. It is an extremely lucrative machine to have. Some business people have told us that they were increasing their revenues by $6,000 a month if they have one of these ATMs in their business.
On March 22nd, 2007. See this statement in context.