LONDON - Diebold Inc. has installed its 250th bulk-cash-deposit terminal at HSBC in the United Kingdom. According to a news release, Diebold's 3030 unit is being used by HSBC as part of its branch-refurbishment program.
The terminals at HSBC provide online and instant credit of cash deposits to HSBC merchants and personal accountholders. HSBC also now allows deposited notes to be recycled through the ATM channel, thus improving cash-handling and management efficiencies within the bank's branch network, the company said.
Diebold's 3030 bulk-cash-deposit-terminal manages notes distributed by all U.K. issuing banks. Supporting deposits of up to 200 notes per transaction, the unit works by validating deposited cash, separating suspect notes from genuine notes and fit from unfit. Potentially fraudulent notes are held back for further investigation, while fit notes are recycled through the ATM to be dispensed for cash withdrawals.
"We are delighted with the customer acceptance of the cash deposit device," said David Nibloe, head of Express Banking at HSBC. "Personal and business customers alike find the device very intuitive. And coupled with our innovative branch design, we believe we have a winning formula. We are witnessing large-scale acceptance of automation for cash deposits, where previously the trend was the automation of cash withdrawals."
Diebold's 3030 bulk cash-deposit machine uses technology that was introduced in Asia Pacific in 2002. The technology is widely accepted in that region, particularly in China, where Diebold's most recent order came from China's Bank of Communication.
