Which of the following is incorrect in context of Brown Label ATMs?
1
Logo of sponsor bank is not displayed on brown label ATM kiosk premises.
2
Service providers own the hardware of ATM machine.
3
The responsibility of identifying ATM site, lease agreement with landlord, power supply to ATM kiosk lies with the service provider.
4
They are most cost effective solution for the banks.
5
Sponsor bank has the responsibility of cash management and provide connectivity to ATM to banking network.