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First cash-recycling ATM comes to the Caribbean
May 18, 2012
Jamaica National Bank announced it has introduced the first cash-recycling ATM to the Caribbean with an installation in March at a JN Financial Services Center in Montego Bay, Jamaica. The bank quickly followed that deployment with another in Kingston.
The ATMs were purchased through Jamaican IAD Management Control Systems. Dianne Smith-Sears, general manager of MC Systems, said the cash recycling ATM will change the way the financial sector does business.
"In addition to the convenience of being able to withdraw cash at any time, the user will experience the same ease in making cash lodgements to their accounts. The machines will accept the notes directly … and will count and request verification of the total lodgement. The account balance is immediately updated and the amount made available for their use," said Smith-Sears in a JN press release.
Eddy Carrioni, sales support and product marketing manager for Diebold, said MCS has "brought a worldwide trend into the Caribbean." He presented MC Systems with an award from Diebold for being the first company to introduce the cash recycler.
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