Brazil's Itautec enters US ATM market

Source: Itautec

Itautec, a $1 billion Brazilian electronics equipment manufacturer specializing in ATMs and kiosks, announced today it is beginning to sell its roster of Adattis ATMs, cash dispensers and kiosks to U.S. credit unions and community banks.

With more than 6,000 employees worldwide and U.S. headquarters already opened in Doral, Fla., Itautec (pronounced e-′tau-tek) is set to commence operations immediately, according to Marcio Weltman Dvorkin, Itautec America general manager.

"After more than 30 years of work in Brazil and, ultimately, throughout South America, Latin America, Europe, Asia, Australia and Africa, the timing is ideal for Itautec to enter the U.S. market," says Dvorkin, who is leading the organization's coast-to-coast sales effort. "The U.S. fleet is aging - so financial institutions are seeking new, multi-function ATMs. Additionally, our versatile and affordable Adattis machines can be tailored, part-by-part, to address client needs and they meet all 2010 ADA (Americans with Disabilities Act) requirements, which every U.S. financial institution (FI) must address during the next 12 months."

The Adattis Intelligent Deposit ATMs, compatible with all FI self-service and automation needs, including bulk cash and bulk check acceptors, image capturing and touch screen, boast a customizable hardware and software package that, according to Dvorkin, will simplify how U.S. credit unions and banks satisfy the forthcoming ADA regulations.

"Itautec technology supports the world's 10th largest bank (Itau-Unibanco), our ATMs, cash dispensers and kiosks are deployed on six continents, and now we're bringing this expertise to the U.S.," says Dvorkin. "There currently are 420,000 ATMs across America - many are past their prime, and by March 15, 2012, all must have voice guidance, Braille instruction labels, and keyboard and height standards along with other ADA requirements.

"Itautec's flexible design and manufacturing strategy as well as our global experience helps us meet, and exceed, the demands of every market we enter and earn our client's trust. This is exactly how we will operate in the United States."

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