Vakifbank, the fifth largest bank in Turkey and a leading "multi-specialist" financial institution in the country, has signed an automated teller machine (ATM) and software deal with Diebold, Incorporated (NYSE:DBD) as part of a major upgrade of its large ATM network.
With Diebold's professional services team's completion of the Diebold Agilis software certification into Vakifbank's software environment, the installation of the terminals will begin in the upcoming days.
As part of the agreement, Diebold will provide 575 image-enabled Opteva® ATMs equipped with coin dispensers and the enhanced note acceptor (ENA), enabling cash deposit and bill pay functionality, along with customized Agilis software that will operate the bank's terminals. Diebold's deposit automation functionality will allow for Vakifbank to improve currency management, risk mitigation and transaction processing at its ATM channel.
"This agreement with Vakifbank is a milestone for Diebold's presence in Turkey, which is one of our top growth markets in the EMEA region. Diebold is honored that Vakifbank has chosen our solutions to enhance its ATM infrastructure and support its growth strategy," said Danilo Rivalta, vice president and general manager, Diebold EMEA Southern and Central region. "This project is a great example of Diebold's commitment to the Turkish market.''
Diebold has leveraged its strong deposit automation experience and technology expertise to design the ENA to deliver deposit automation improvements, such as simplified servicing and ease of operation.
The ENA enables the deposit of up to 50 mixed-denomination notes in an easy, envelope-free transaction that authenticates and validates deposits, quickly and accurately. Additionally, Diebold's ENA leverages the industry's only dual-slot design. The dual-slot solution provides customers with unmatched levels of availability, allowing for two levels of operational inputs to keep deposits flowing and consumers satisfied. The ENA module further enhances the flexibility of Diebold's full-function Opteva terminals and is offered as a standard feature or as an onsite field upgrade. Retail Banking Research (RBR) recently reported that the number of terminals with autoomated deposit functionality worldwide increased 30 percent from 2007 to 2009.