Diebold, Incorporated (NYSE: DBD) today announced the launch of the world's first intelligent-powered automated teller machine (ATM), the Diebold 429.
This machine is specifically designed to meet the increasing demand for a robust self-service terminal in urban and rural areas of India. Built with a unique intelligent power management system, it automatically switches between three possible power sources (solar panel, alternating current (AC) grid and internal battery), maximizing terminal uptime, lowering total cost of ownership and delivering unprecedented convenience to consumers.
By utilizing alternative power sources, such as solar panels and an AC grid, the Diebold 429 is highly efficient, consuming approximately 40 percent less energy than the previous generation of cash dispensers available in the Indian market. In addition, the self-service terminal has an integrated four-hour battery backup for enhanced ATM reliability.
The Diebold 429 offers superior transaction opportunities, equipped with an optional single-note acceptor (SNA) that enables small-volume currency deposits and bill payments at the ATM, improving speed and convenience for the consumers. With its unmatched set of security features—including Europay, MasterCard® and Visa® (EMV) card reader, biometric technology and provision for dual security cameras—Diebold 429 helps combat global card fraud and digital security threats while complying with the latest National Payments Corporation of India (NPCI) regulatory requirements.
"The Diebold 429 ATM was designed, developed and manufactured in India to meet the government's inclusion initiatives to expand banking services across India," said Wico van Genderen, vice president, Diebold Asia Pacific. "Our unique intelligent power management system, low power consumption, advanced performance and security features are a perfect fit for the needs of both the environment and the consumers. The Diebold 429 is tailored to enable deployment across a wide range of rural and urban locations previously out of reach, and at the same time provide a high-level of coconvenience, enhanced security, functionalities, availability and technology innovation our customers come to expect from Diebold."