ICBCS Largest ATM Order Awarded to Diebold

Friday 21 November 2003 22:54 CET | News

Diebold has begun installing more than 1,000 of its advanced-function automated teller machines (ATMs) and cash dispensers at the Industrial Commercial Bank of China (ICBC), which is in the process of expanding its self-service delivery network.

ICBC is taking aggressive steps to further expand its self-service network and reinforce its delivery channel strategy to maintain a leading edge over domestic competitors as well as overseas banks with the installation of Diebolds self-service terminals. This year, ICBC decided on a purchase plan for self-service equipment based on branch requests, transaction volumes and other relevant factors. ICBC will install most of the new Diebold ATMs in branches in major cities such as Beijing and Shanghai and coastal provinces, such as Zhejiang. The Hunan province will also add more than 100 Diebold ATMs to their local self- service networks. Diebold is a leader in the financial industrys international transition to Triple DES, which is used to protect personal identification numbers (PINs) during ATM transactions. While aggressively expanding its network size, ICBC is continuing its efforts to improve and enhance the security and functionality of its self-service network, as all Diebold ATMs are equipped with Triple DES encryption standards and intelligent (smart) card applications. Currently, all ICBC cardholders in Beijing can buy electricity and pay traffic fines on Diebold ATMs. Moreover, as the trend increases for banks to develop their self-service delivery systems with smart card applications, Diebold and ICBC will continue taking positive steps forward to gradually introduce the Beijing branchs smart card -related services to ICBC branches nationwide.

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