News

South African FI expands into retail with Diebold ATMs

June 19, 2006

NORTH CANTON, Ohio - South Africa's oldest bank has placed 500 Opteva ATMs from Diebold Inc. in retail locations across the country. Deployment of the terminals began during the first quarter and will continue through 2006.

According to a news release, First National Bank expects to use the ATMs to expand its reach across South Africa, especially in areas where the bank lacks presence. FNB plans to place Diebold's Opteva lobby cash-dispenser, which made its debut in Europe, the Middle East and Africa at CeBIT 2005, through partnerships with retailers.

"After previously conducting business with other companies in the industry, Diebold's reputation, combined with its service capabilities, convinced us that Opteva was the right product for our needs," saidMike Arnold, chief executive of the bank's ATM division. "One of our main requirements when looking for an ATM supplier was to have the right product to increase our penetration in the South African retail market."

Maintenance services will be delivered to FNB through Diebold's partnership with local supplier Banking Machine Services. Diebold will provide FNB with first- and second-level software support and, where applicable, will assist BMS personnel with service delivery.

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