News

Cash recycling ATMs catch on at UniCredit

November 11, 2013

UniCredit, a Milan, Italy-based banking and financial services company with more than 9,000 branches,is adding cash recycling capabilities to the ATM fleet at its UniCredit Banca division. The added capabilities will help to reduce operational and administrative costs by reducing the need for ATM replenishment, the FI said in a news release.

As part of this plan, UniCredit has entered a 3-year hardware and maintenance services agreement and will add nearly 1,000 Diebold Opteva ATMs across the FI's network. More than half will be Opteva Flex Performance Series ATMs featuring deposit automation and full cash recycling capabilities.

The deposit automation feature will allow customers to carry out envelope-free cash and check deposits. With the implementation of full cash recycling capabilities, the ATMs will also reuse customer-deposited cash for withdrawals, extending the bank's cash cycle and enhancing ATM availability. The ATMs will validate deposited notes, detect counterfeits, check note fitness, and sort and denominate cash for dispensing.

Diebold will deploy 210 ATMs to the UniCredit fleet this year, including 160 cash dispensers and 42 cash recycling ATMs, plus an additional 380 ATMs in both 2014 and 2015, including 130 cash dispensers and 250 cash recycling ATMs each year, for a total of 970 terminals.

"With cash capacities three to four times higher than standard deposit automation terminals, Opteva Flex Performance Series ATMs enable cash management efficiencies and promote ATM uptime," said Dave Wetzel, VP and managing director for Diebold Inc. in Europe, Middle East and Africa. "Coupled with cash recycling capabilities, the higher capacity of the ATMs will reduce staffing needs for UniCredit, as well as third-party courier and service costs for managing and replenishing ATMs."

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