MADRID -- Barclays Bank has selected Diebold, Incorporated (NYSE: DBD) to provide new advanced-function ATMs for selected branches and off-premises locations throughout Spain.
The deal involves more than 65 through-the-wall and freestanding ATMs, which will reload mobile phone cards and electronic purse devices in addition to dispensing cash and providing balances.
Updating its network of ATMs is one of the projects being launched by Barclays in preparation for the arrival of the Euro. The new currency will enter circulation on January 1, 2002.
"Increasingly, financial institutions in Spain and across Europe are reducing costs by moving transactions away from the bank branch to self- service systems," said Reinoud G.J. Drenth, Diebold's vice president and managing director, Europe, Middle East and Africa.
