Diebold, Incorporated has announced the launch of the world’s first intelligent-powered ATM, the Diebold 429. This machine is specifically designed to meet the increasing demand for a robust self-service terminal in urban and rural areas of India.
The ATM is built with an intelligent power management system, which switches between three possible power sources (solar panel, alternating current and internal battery) to maximize terminal uptime and reduce ownership costs. By utilizing alternative power sources, such as solar panels and an AC grid, the Diebold 429 is consumes approximately 40 percent less energy than the previous generation of cash dispensers available in the Indian market.
“The Diebold 429 ATM was designed, developed and manufactured in India to meet the government’s inclusion initiatives to expand banking services across India,” said Wico van Genderen, vice president, Diebold Asia Pacific. “Our unique intelligent power management system, low power consumption, advanced performance and security features are a perfect fit for the needs of both the environment and the consumers. The Diebold 429 is tailored to enable deployment across a wide range of rural and urban locations previously out of reach, and at the same time provide a high-level of convenience, enhanced security, functionalities, availability and technology innovation our customers come to expect from Diebold.”
While the ATM targets India, it could be a viable solution in many countries where electricity provision is fickle and ATMs are often too costly a solution. It will be interesting to see whether the company expands to other markets or comes with similar solutions for countries where access to financial services in rural areas is conditioned by cost and convenience.
