India: Bank of Baroda, Diebold partner to install intelligent-powered ATMs

Wednesday 11 December 2013 10:22 CET | News

US-based ATM provider Diebold has partnered with Indian financial institution Bank of Baroda to install automated teller machines (ATMs) specially designed for the Indian market.

Bank of Baroda is deploying 2100 ATMs from Diebold which automatically switch between three possible power sources - solar panel, alternating current grid and internal battery - as circumstances dictate. The ATMs feature an integrated battery backup system and are designed to operate in environments with inconsistent power availability.

The Diebold 429 ATM alternates between available power sources, maximising terminal uptime and reducing energy consumption by about 40 percent compared to older ATMs deployed in India. Depending on daylight conditions, either solar panels or the AC grid power the ATM and charge its four-hour backup battery, which automatically activates when power is interrupted.

Bank of Baroda is an Indian state-owned banking and financial services company. It operates more than 4,000 branches throughout India. The bank is deploying at least one ATM at each branch, fulfilling a Ministry of Finance directive to expand self-service banking options for the approximately 40 percent of Indias population that is underbanked.

In recent news, Diebold has teamed up with financial institution US Bank to enhance the latter’s automated teller machine (ATM) fleet by upgrading it to the Windows 7 operating system.

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Keywords: Bank of Baroda, Diebold, intelligent-powered ATMs
Categories: Payments & Commerce
Countries: World
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