Diebold announced the launch of the world's first smart automated teller machine (ATM), the Diebold 429. This machine, designed and produced in India, aims to meet the increasing demand for a robust self-service terminal in urban and rural areas of India. Built with a power management system, it automatically switches between three possible power sources — solar panel, alternating current (AC) grid and internal battery — maximizing terminal uptime, lowering total cost of ownership.
By utilizing alternative power sources, such as solar panels and an AC grid, the Diebold 429 is highly efficient, consuming approximately 40 per cent less energy than the previous generation of cash dispensers available in the Indian market. In addition, the self-service terminal has an integrated four-hour battery backup for reliability.
The Diebold 429 is equipped with an optional single-note acceptor (SNA) that enables small-volume currency deposits and bill payments at the ATM, improving speed and convenience. It also has a wide set of security features including Europay, MasterCard and Visa (EMV) card reader, biometric technology and provision for dual security cameras. It complies with the latest National Payments Corporation of India (NPCI) regulatory requirements.
“This new terminal will enable financial institutions to deploy ATMs across a wide range of rural and urban locations that could not previously be reached due to economic or technical constraints. This ATM will meet the needs of many deployers in India and other emerging economies globally facing similar challenges, while also enhancing security, functionalities and availability to the end users,” said Wico van Genderen, vice president, Diebold Asia Pacific, in a statement.
Diebold specialises in integrated self-service delivery and security systems and services. It employs approximately 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in the Canton, Ohio region, USA.