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Interbank Peru installs first dual-currency ATMs

Interbank Peru wanted to reduce long wait-times at its teller window, so it moved basic functions to self-service terminals within the branch.

March 26, 2007

Interbank Peru, Peru's fourth-largest financial institutions and operator of the country's largest ATM estate, partnered with Wincor Nixdorf International to integrate 30 multifunction ATMs into its branches. The machines, the first dual-currency ATMs to be deployed in the world, can handle cash withdrawals, deposits and bill payment.

The bank's goal: to move more transactions from the counter to the self-service channel. To that end, the bank required terminals that could handle not only the Peruvian nuevo sol but also the U.S. dollar. Through Wincor's South American service partner, IBM, Interbank Peru succesfully completed the rollout. It expects to install more dual-currency ATMs in 2007.

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Editor's Note: The views expressed in this case study reflect only those of the author(s).