MONTEVIDEO, Uruguay -- Diebold, Incorporated (NYSE: DBD) has opened a direct operation in Uruguay, another step in the company's expansion within the Latin American financial self-service industry.
Diebold Uruguay has already obtained service contracts from Bancomat and CABAL, a Latin American credit card issuer. Additionally, the Uruguayan entity RedBanc SRL has acquired 26 Diebold self-service terminals, including cash dispensers and advanced- function ATMs. Several of the new machines have multi-media capabilities with video and sound, which will permit financial institutions to run full-motion video advertisements on the ATM.
In January 2000, Diebold acquired the global self-service operations of France-based Groupe Bull. As part of that agreement, the company will also provide service to the more than 100 terminals previously installed at Banco de la Republica Oriental del Uruguay by Groupe Bull.
