Japan's Oki Electric launches secure ATM-BankIT

Source: Oki Electric

Oki Electric Industry Co., Ltd. (TOKYO:6703) today announced it has launched ATM-BankIT, a new automated teller machine (ATM) for financial institutions with enhanced security functions, improved reliability and usability features, and can reduce operation costs.

The new ATM can also quickly respond to a variety of new services based on mobile phones and contact-free IC cards, which help financial institutions utilize ATMs as a strategic sales basis. Oki plans to start sales for this ATM-BankIT in Japan from July 2005.

"We have been the industry leader in ATMs in Japan with a 40% top market share. We plan to further increase our market share by offering this ATM-BankIT as one of our main products, as well as providing total ATM services such as maintenance and operation consignment to our financial customers," said Takashi Hattori, President of the Financial Solutions Company and Senior Vice President of Oki Electric. "We believe financial institutions can deploy new services using mobile phones and contact-free IC cards and deploy sales by responding to their needs such as linking with CRM servers using our ATM-BankIT."

Many financial institutions and their customers are highly concerned about security and demand for a safe and reliable ATM as the ATM environment changes. ATM-BankIT enhances its security functions by mounting light shielding filters to protect pin numbers from prying eyes and by responding to various biometric identification such as IC cards, finger veins, palm veins, iris, in which financial institutions can choose which method suits their service. The new ATM also enables a longer-period unmanned operation as the banknote capacity is increased to 14,500 notes, the largest in the industry in Japan. In addition, it has adopted a universal design, creating an ATM that is also easy to use for the physically challenged and the elderly.

Based on TxFlow, Oki's architecture for the retail banking system, Oki plans to actively provide financial solutions that can also connect CRM servers and bank branch terminals.

Comments: (0)