Central Bank of Russia certifies ATM cash recycling technology
MOSCOW. Feb 22 (Interfax) - U.S. ATM vendor Diebold has cleared Central Bank of Russia certification for the use of cash recycling technology in Russian ATMs, the company said in a press release.
Diebold submitted the Opteva 328 ATM, which allows customers to deposit or withdraw cash, to the Central Bank for the certification. Following comprehensive testing, the Central Bank affirmed that the ATM meets all the requirements for guaranteed cash deposit, withdrawal, validation and sorting services.
Any traditional ATM with cash deposit functions requires regular visits for emptying of cash or filling with cash for withdrawals.
The cash recycling function allows the ATM to use money deposited by one customer for the next customer's withdrawal without collections. Thus, it can reduce spending and time spent on collection by dispensing notes that have been deposited, the release says.
Diebold was established in 1859. It supplies technological solutions for automated banking activities and produces equipment for banks and financial institutes. Diebold offices can be found in 90 countries. The Russian office was registered in 1998 and the Diebold Self Service subsidiary was set up in 2003.
