NORTH CANTON, Ohio — Diebold Inc. is strengthening its presence in the South American financial-self-service market. After signing on the industry's largest ATM deals in May with Brazil's Caixa Economica Federal, Diebold has further strengthened its position through a deal with Brazil's largest financial institution, Banco do Brasil.
According to a news release, Banco do Brasil will use the more than 5,400 ATMs and check dispensers it has purchased from Diebold to expand its reach to new and existing customers at its branches and new retail locations.
Diebold is providing around 3,500 ATMs and 1,900 checkbook-printing terminals. The new ATMs, which are replacing older units, will include encrypting PIN pads and advanced anti-skimming technology, electronic-access control and safe-locking capabilities.
Diebold also will provide the software platform and operating system to drive the ATMs.
"We're excited to assist Banco do Brasil in expanding its network, increasing ATM security and promoting its brand at a time when Brazil is experiencing such exceptional growth," said Joao Abud Jr., president of Diebold Brazil. "This expansion will enable the financial institution to reap significant benefits from its high-visibility position, as well as from its top-quality customer service."
Banco do Brasil has 40,000 ATMs in Brazil and is participating in a countrywide trend to replace ATMs 10 years of age or older.
