Thursday, May 30, 2013

Diebold to Upgrade 1,100 ATMs for Credit Union

Ohio-based Diebold (NYSE: DBD  ) scored a win on Wednesday, when the company announced that North Carolina-based State Employees' Credit Union has hired it to upgrade more than 1,100 of SECU's automated teller machines to Diebold's Opteva configuration.

SECU is the nation's second-largest credit union, serving 1.8 million members through 248 branch offices and 1,120 ATMs. Diebold will be replacing or upgrading every one of these ATMs under its contract. 65% of the ATMs will also be equipped with Diebold deposit automation technology, featuring envelope-free deposits that post automatically to consumers' accounts without additional processing.

SECU senior vice president for card services Leanne Phelps was quoted as saying, "Diebold's deposit automation technology will help to drastically reduce the frequency of our vendor cash management trips," yielding "significant cost and time savings" for SECU members.

Financial terms of the contract were not disclosed.


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