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Diebold's bulk-cash recycler gets thumbs up in China

January 2, 2008

NORTH CANTON, Ohio — Since July, Diebold Inc. says it has secured deals to sell more than 6,000 Opteva ATMs to numerous banks in China, including Bank of China, Agricultural Bank of China, Postal Savings Bank of China, Industrial and Commercial Bank of China and China Construction Bank. Each order from the latter two financial institutions exceeds 2,000 units.

According to a news release, the ATMs will increase security, upgrade the quality of financial service and improve customer satisfaction.

"These agreements clearly reflect the strong value proposition of our products and services in the rapidly growing China banking market," said Daniel Hu, Diebold's vice president and managing director for North Asia and China. "Diebold is uniquely positioned to help banks in China increase customer service and satisfaction by improving their self-service networks."

Diebold says its bulk-cash recycle machines are its most popular in China. The terminal emulates a teller transaction by allowing customers to make envelope-free cash deposits or withdraw up to 100 bills at once. It also validates, denominates, counts and deposits currency, as well as dispenses (or recycles) it.

The BCRM also facilitates customer bill payment, account inquiries and fund transfers, while providing FIs with the capability of running MPEG video for advertising and branding.

Diebold also signed an agreement with the Chinese oil supplier Sinopec Corp. and local commercial banks to deploy ATMs at Sinopec's fuel stations in Beijing.

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