Cashcard awards ITS A$250m ATM contract

Cashcard awards ITS A$250m ATM contract

Australian ATM operator Cashcard has signed a five year contract, worth A$250 million, with Sydney-based ITS for the supply and maintenance of 6000 Wincor Nixdorf cash machines.

Cashcard's national network is currently made up of ATMs from multiple manufacturers. Armaguard-subsidiary ITS will replace the majority of these with around 6000 Wincor Nixdorf machines.

The deal will see the first implementation of Wincor Nixdorf ATMs in Australia after the vendor received national certification for its self-service systems. The new certification, conducted by the Australian Payments Clearing Association, ensures ATMs comply with specific security standards, in particular in relation to PIN protection.

The ITS deal expands and upgrades an existing maintenance contract signed in 2001. The vendor says it has already received the first ATM order and expects to begin implementation in March.

Barry Dow, CEO, ITS, says the agreement will enable Cashcard to "streamline hardware and service providers with multiple contracts and develop a new standard for ATM services".

"With a lower total cost of ownership we would expect to see them benefit from immediate cost savings and planned revenue generation," adds Dow.

ITS and Wincor Nixdorf have established a local research and development centre in Sydney for staff and customer training, product development and customisation projects.

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