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Diebold India Secures Large ATM Order From UTI Bank

Wednesday 12 May 2004 16:35 CET | News

Diebold Systems Private Limited, a wholly-owned subsidiary of Diebold, Incorporated, has secured a major contract for the supply of automated teller machines (ATMs) and services to UTI Bank in India.

The order for a minimum of 600 ATMs includes turnkey auxiliary services such as site preparation, ATM managed services and ATM upgrades on a contract basis. It is Diebolds third consecutive order from UTI Bank. Diebold ATMs now comprise 85 percent of the 1,250 ATMs owned by UTI, one of the countrys leading private banks. Diebolds ATMs are equipped to address the security concerns of ATM providers with VISA and MasterCard-approved electronic pin pads (EPP4.0), whereby PIN encryption is executed at the PIN pad itself and not relayed to the central processing system. In addition to providing 600 new ATMs, Diebold Systems will also upgrade UTI Banks existing ATMs to the new EPP4.0 standards. The company also secured a managed services contract from UTI Bank for remote electronic journaling and content distribution for the banks current and new ATMs. The electronic journal solution will provide daily uploads of data to the central server online. The managed services contract also encompasses remote content distribution for services such as delivering new screens and icons to ATMs in the network, as well as managing deployment of these services from the central server instead of service engineers working manually at the ATM. UTI Bank was the first of the new private banks to begin operations in 1994. The banks registered office is in Ahmedabad and its central office is located in Mumbai. Presently, the bank has a very wide network of more than 200 branch offices and extension counters. UTI Bank has strengths in both retail and corporate banking, and is committed to adopting the best international industry practices.


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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce