18 August 2017
Find out more

First National Bank buys 500 Diebold ATMs

21 June 2006  |  6413 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  |  4265 views  |  0 comments
Diebold terminates IT outsourcing deal

Diebold terminates IT outsourcing deal

17 May 2006  |  6537 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  |  4919 views  |  0 comments
Al Rajhi Bank signs for Diebold biometric ATMs

Al Rajhi Bank signs for Diebold biometric ATMs

20 March 2006  |  10909 views  |  0 comments
First National Bank selects Finantix software for branch renewal

First National Bank selects Finantix software for branch renewal

09 January 2006  |  5252 views  |  0 comments
First National Bank secures online banking with ActivCard

First National Bank secures online banking with ActivCard

03 November 2004  |  5465 views  |  0 comments
First National Bank licenses Captiva document capture software

First National Bank licenses Captiva document capture software

14 September 2004  |  4204 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.dorsum.euvisit www.worldpaymentsreport.com

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10132 views comments | 8 tweets | 16 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8401 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7843 views 0 | 1 tweets | 9 linkedin
Uneasy sits the crown as cash use continues declineUneasy sits the crown as cash use continue...
7765 views comments | 3 tweets | 7 linkedin