18 December 2017
visit www.avoka.com

First National Bank buys 500 Diebold ATMs

21 June 2006  |  6502 views  |  0 Diebold

South Africa's First National Bank (FNB) has purchased 500 Opteva ATMs from US vendor Diebold to support its new ATM rental venture.

Diebold says the bank will rent the ATMs to retail organisations across South Africa to provide self-service banking capabilities in areas where it had previously lacked presence.

Mike Arnold, CEO, ATM division, FNB comments: "This is a big country, and conditions are not always right to have bank representation at every location. Diebold's Opteva ATMs are ideal for FNB to extend its reach across the country."

The bank says retailers that rent the ATMs will be able to generate revenue through transaction fees.

"Our goal is to provide retailers with a compelling incentive to keep the ATMs well-maintained and encourage their use. This positions FNB as a business partner, not just a service provider," says Arnold.

The vendor says it will provide FNB with maintenance services, first and second level software support and service delivery through local supplier Banking Machine Services.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Argentina's Banco Rio signs for Diebold ATMs

Argentina's Banco Rio signs for Diebold ATMs

24 May 2006  |  4336 views  |  0 comments
Diebold terminates IT outsourcing deal

Diebold terminates IT outsourcing deal

17 May 2006  |  6608 views  |  0 comments
Diebold's Q1 profit plummets; to shut French ATM facility

Diebold's Q1 profit plummets; to shut French ATM facility

25 April 2006  |  4983 views  |  0 comments
Al Rajhi Bank signs for Diebold biometric ATMs

Al Rajhi Bank signs for Diebold biometric ATMs

20 March 2006  |  10996 views  |  0 comments
First National Bank selects Finantix software for branch renewal

First National Bank selects Finantix software for branch renewal

09 January 2006  |  5319 views  |  0 comments
First National Bank secures online banking with ActivCard

First National Bank secures online banking with ActivCard

03 November 2004  |  5553 views  |  0 comments
First National Bank licenses Captiva document capture software

First National Bank licenses Captiva document capture software

14 September 2004  |  4263 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.aciworldwide.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11023 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
8425 views comments | 11 tweets | 12 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7516 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
6993 views comments | 6 tweets | 26 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6951 views 0 | 4 tweets | 2 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job