According to a report from Reuters, major banks in the U.S. and U.K. will need to upgrade their machines' software in time for the deadline or negotiate for extended software support from Microsoft.
As early as 2007, the tech giant has warned its support for Windows XP would lapse, but since then only one-third of the total 2.2 million ATMs worldwide have been upgraded with new software.
Reuters notes several of the big banks are in negotiations with Microsoft to extend support, a crucial component to protecting the machines against risks such as hacking and viruses. According to sources, a contract could cost as much as $100 million for banks in the U.K.
Currently JPMorgan (JPM), Citigroup (C), and Bank of America (BAC) have said they intend to upgrade their ATMs this year, but no major bank has said it will have its entire network up to date by the April deadline.
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