CBA replaces ATM fleet with EMV-enabled machines

21 November 2011 | 6957 views | 1 credit card chip

Commonwealth Bank of Australia (CBA) has signed a deal with Wincor Nixdorf and Armaguard Group to replace its 4100-strong ATM fleet with EMV chip-enabled machines.

The bank says it will be the first in Australia to rollout ATMs that meet the new EMV standard, reading card chips instead of magnetic stripes, improving security for customers.

Earlier this year MasterCard told providers that by the end of 2015, all ATMs in Australia must be EMV-enabled.

The Wincor Nixdorf machines will also feature new deposit functionality at selected branches, allowing customers to deposit cash and cheques in real time.

All new ATMs will have audio support for vision impaired customers and users will be able to personalise settings, including a choice of six foreign languages and their favourite transaction.

Ross McEwan, group executive, retail banking services, CBA, says: "This roll out of upgraded ATMs is testament to our continued commitment to improving and enhancing the Banking experience for our 10 million customers. Through providing unbeatable service backed up with best in breed security, we're continuing to lead the market through innovation."

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Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 23 November, 2011, 08:03

'ATM machines that allow cash and check deposit in realtime' - good to know that CBA has the pulse of the market and is investing in new technologies to make ongoing improvements to traditional payment instruments. Old as they are, cash and checks are far from obsolete in many parts of the world.

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