South Africa's Capitec Bank Chooses Diebold Cash Recycling ATMs
Agreement includes Opteva® ATMs featuring advanced transaction functionality
and fingerprint recognition technology, marks a first in South Africa
CAPE TOWN, South Africa, Nov. 15, 2012
CAPE TOWN, South Africa, Nov. 15, 2012 /PRNewswire/ --Capitec Bank is
deploying Diebold, Incorporated (NYSE: DBD) automated teller machines (ATMs)
to deliver advanced functionality, enhanced security and convenience to its
consumers. The agreement includes Opteva® 328 ATMs which feature cash
recycling technology, allowing users to perform advanced transactions using
notes, coins and checks, as well as perform all standard ATM functions in a
Diebold's cash recycling ATMs automate note and coin validation, improving
transaction flow and security. Migrating transactions from the teller line to
the self-service channel makes money management more convenient for the user,
while also allowing Capitec's tellers to focus their time on providing
value-added services to consumers.
"Our clients will benefit from Diebold's cash recycling ATMs by having the
ability to make advanced transactions, such as coin deposits," said Riaan
Stassen, chief executive officer, Capitec Bank. "This provides our clients
with more control over their money and added convenience since these
transactions can be performed at the self-service channel."
In addition, the new cash recycling ATMs will soon be equipped with
fingerprint recognition technology using a tiered biometric security approach,
which helps mitigate card skimming. Clients will have the choice to perform
transactions using either fingerprint verification or their bank card, both
transactions requiring dual authentication.
"Capitec Bank has been a valued customer for more than a decade, and we are
excited it is the first bank in South Africa to deploy ATMs featuring advanced
transaction functionality and fingerprint recognition technology in a single
machine," said Dave Wetzel, vice president and managing director, Diebold
Europe, Middle East and Africa. "Diebold's Opteva ATMs will allow Capitec Bank
to improve their branch efficiencies, while offering convenience, security and
better outcomes for end users."
About Capitec Bank
Capitec Bank (JSE: CPI) is South Africa's fastest growing retail bank. With
4.2 million clients, R5.6 billion in equity and R24.0 billion in assets
(excluding cash) as at 31 August 2012, Capitec Bank offers affordable,
simplified and transparent banking with personalised service. Using innovative
technology to drive down costs, increased accessibility and simplified client
interactions, Capitec Bank's Global One facility offers a range of
transacting, saving and credit optionsaccessed in real-time using paperless
processes and the country's first in-branch biometric client identification
system. In March 2010, Capitec Bank was the only South African brand to be
named in Credit Suisse's international '27 Great Brands of Tomorrow' report.
For further information on Capitec Bank visit www.capitecbank.co.za.
Diebold, Incorporated is a global leader in providing integrated self-service
delivery and security systems and services. Diebold employs approximately
17,000 associates with representation in nearly 90 countries worldwide and is
headquartered in the Canton, Ohio region, USA. Diebold is publicly traded on
the New York Stock Exchange under the symbol 'DBD.' For more information,
visit the company's website atwww.diebold.comor follow the company on
Contact: Media Relations: Kelly Piero, +1-330-490-3741,
email@example.com; Investor Relations: Nick Codispoti, +1-330-490-3513,
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