News

Launch of Taiwan's smallest and first web-enabled ATM

December 19, 2001

 7-Eleven achieves milestone in financial service strategy

Paderborn, Germany / Taipei, Taiwan - December 13, 2001 --7-Eleven Marketing President Chen Ruei-Tang, Chinatrust Commercial Bank (CTCB) Senior Executive Vice President Lo Lien-Fu and Grand Commercial Bank (GCB) Senior Executive Vice President Peng Yu-Fa announced today the selection of Wincor Nixdorf's ProCash 1500 ATM to play a key role in a new nationwide banking service. 7-Eleven operates over 2,800 convenience stores across Taiwan and plans to install 1,550 customized ATMs at prime locations over the next two years. The first systems will be introduced in May 2001. "urn:schemas-microsoft-com:office:office" />

After agreeing last year with Chinatrust Commercial Bank and Grand Commercial Bank to set up ATMs in convenience stores, 7-Eleven began its search for an ATM supplier capable of meeting its requirements for compact, low-energy and high-performance ATMs. The search led to Wincor Nixdorf, which tailored ProCash 1500 to meet 7-Eleven's needs. The agreement, according to Chen Ruei-Tang, represents a huge step in the strategy of the President Chain Store Corp. to create a global financial services network and e-commerce platform.

ProCash 1500 is not only the smallest ATM to be introduced in Taiwan; it also consumes a third less power than conventional ATMs. Moreover, the cash dispensers offer a high level of convenience thanks to their 15-inch touch screens and user-friendly interfaces. Around-the-clock ATM availability is provided by the monitoring system, ProView, which immediately alerts technical staff to problems and thus ensures a high level of customer service. The web-based ProClassic application, running on the Windows NT operating system, will support e-commerce transactions in the future.

For Chinatrust Commercial Bank, the ATM cooperation with 7-Eleven is an opportunity to extend its financial footprint to customers across the country and offer service around the clock, according to Lo Lien-Fu. He expects the user-friendly terminals to catch on quickly with consumers.

In the United States and Japan, convenience store banking has already become a thriving business, with many banks now collaborating with convenience stores, GCB's Peng Yu-Fa pointed out. The cooperation between his bank, 7-Eleven and Chinatrust represents a milestone in the development of financial services in Taiwan, he noted.

ProCash 1500 is specially designed for use in off-premise locations. "As a leading European ATM supplier, our capabilities in system development and maintenance are unquestionable," said Wincor Nixdorf Senior Vice President and Member of the Executive Board, Javier Lopez-Bartolome. "We are confident that our product can combine the professional banking services of the Chinatrust Commercial Bank and the Grand Commercial Bank with the friendly service of 7-Eleven."

The ATM provides core services, such as cash withdrawals, transfers, balance inquiry, cash debit and change PIN functions. In the second stage, ProCash 1500 will offer value-added services, such as utilities fee payment and credit loan services.