Pendum


Brazilian-based ATM manufacturer Itautec (pronounced e-tau-tek), which recently entered the U.S. market, in 2010 shipped 16,300 ATMs and self-service terminals worldwide, up 101.8 percent compared with 2009. Company officials noted that in last year's second quarter, Itautec shipped 3,900 ATMs, the highest number of shipments for the past decade.

In addition, Itautec invested $40.7 million in equipment, software research and development in 2010, up 33.1 percent compared with 2009. The investment has resulted in Itautec supplying ATMs equipped with biometric solutions, recycling, anti-skimming, added safe security and other software to enhance the machines' capabilities.

"Itautec's technology is tailored to each client's specific needs," said Marcio Weltman Dvorkin, general manager of Itautec America, which is based in Doral, Fla. The company is entering the U.S. market with Adattis intelligent-deposit ATMs, Adattis cash-dispenser ATMs and Prizis kiosks.

Although Itautec recently announced that it was entering the U.S. market, Dvorkin said the company has been studying sales of ATMs in North America for some time. 

"We felt with ADA [Americans with Disabilities Act] compliance, this was a window of opportunity," he said during the ATM Industry Association (ATMIA) conference in February in Doral, Fla.  Dvorkin said he believes community banks and credit unions are prime candidates for the manufacturer's ATMs. 

"Large banks are mostly compliant with ADA requirements, but many small banks and credit unions still are not," he said.  Financial institutions must comply with ADA requirements by March 15, 2012.

Itautec displayed a variety of ADA-compliant ATMs, equipped with voice guidance for the visually impaired and the correct height for individuals confined to wheel chairs. Their display drew a large crowd.

"We expect to get some pretty good leads," Dvorkin said. Analysts, however, argue Itautec faces an uphill battle because the company does not have an ATM-service organization in the United States. Dvorkin is unfazed by the challenge.

"We expect to find the right [service] partners," said Dvorkin, adding that the company plans to grow regionally. He said he is in charge of finding the right partners.

"We have been successful entering more than 40 countries, and we're excited to bring innovative technology to U.S. banks, credit unions and consumers," said Dvorkin.

Itautec is a $1 billion global electronics-equipment company based in Sao Paulo, Brazil.

Related Content

User Comments – Give us your opinion!
Products & Services

FINsim ISO

http://global.networldalliance.com/new/images/products/6487.png

6487/FINsim-ISO

Retail ATM - Tranax C4000

http://global.networldalliance.com/new/images/products/mb4k_view13_100.gif

1188/Retail-ATM-Tranax-C4000

OptConnect Antenna with Magnetic Base

http://global.networldalliance.com/new/images/products/4101.png

4101/OptConnect-Antenna-with-Magnetic-Base

Advertising & OTO Marketing System – WWS One to One Marketing …

http://global.networldalliance.com/new/images/products/6215.png

6215/Advertising-OTO-Marketing-System-WWS-One-to-One-Marketing-Campaign-Manager

Dynasty's Clients and Partners

http://global.networldalliance.com/new/images/products/Dynasty_100.gif

1170/Dynasty-s-Clients-and-Partners

V4500 Enterprise Class Router: Best-in-Class Connectivity

http://global.networldalliance.com/new/images/products/4380.png

4380/V4500-Enterprise-Class-Router-Best-in-Class-Connectivity

ATM Consumables & Supplies

http://global.networldalliance.com/new/images/products/426.png

426/ATM-Consumables-Supplies

BankWorld ATM – Management Suite

http://global.networldalliance.com/new/images/products/5619.png

5619/BankWorld-ATM-Management-Suite

Affordable, feature rich compact ATM

http://global.networldalliance.com/new/images/products/RL1600_Left_View_100.gif

804/Affordable-feature-rich-compact-ATM

Network Processing

http://global.networldalliance.com/new/images/products/4336.png

4336/Network-Processing

NCR
Media Kit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.