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Diebold releases currency processing system

20 February 2004  |  836 views  |  0

Diebold Incorporated (NYSE:DBD), a leading security solutions provider in the financial, government and retail markets, today announced it is offering a new automated Diebold/Toshiba Single Pass 7560 Currency Processing System, a joint development between the two companies.

"We are pleased to offer this new machine through Diebold," said Shoichi Watanabe, general manager, Toshiba International Operations Division, Social Network & Infrastructure Systems Company. "High-volume cash-handling operations also require dependable service and specialized skills. Diebold's national sales and service capabilities, as well as its hardware and software systems expertise, are essential for installing and servicing these new advanced currency processing systems. Diebold has been a trusted business partner whose unique position in the marketplace can satisfy any and all currency processing customers."

Widely recognized for its speed and accuracy, the Single Pass system features some of the most advanced technology in the currency processing industry by counting, sorting and strapping up to 40,000 notes per hour and processing 750 notes per minute with two independent count verifications on a single pass.

"The Toshiba is recognized as the industry leader of high-volume automated cash-handling hardware," said Richard Baggot, vice president of the Electronic Security and Currency Systems Group at Diebold. "Our customers will be delighted with this next generation of currency counting equipment."

The Diebold/Toshiba currency processing systems currently serve hundreds of financial institutions, casinos, theme parks, retail operations, sports complexes and other commercial locations where large volumes of cash are handled. It reads all newly introduced United States currency, and the open software design allows for easy enhancements and upgrades.

Customers have the option of adding up to four online strapping units to augment the sorter's standard six cassettes. An optional feature specifically designed for the casino market, the "ticket in/out" function uses a built-in barcode scanner that quickly reads the serialization of each paper ticket (even when mixed with currency), and automatically sends the information directly to the casino slot accounting system for reconciliation.

Diebold owns the exclusive right to sell, install and service Toshiba currency processing systems in the United States, United States territories and the Bahamas.

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