Bank of China, Diebold Strengthen Relationship to Enhance Self-Service Offering
BEIJING, Feb. 6 /PRNewswire-FirstCall/ — Diebold, Incorporated
(NYSE: DBD) will provide nearly 300 self-service Bulk Cash Recycle Machines
(BCRM) to the Bank of China (BOC). This new order comes in addition to a
recent multi-million-dollar contract with BOC, bringing the total number of
self-service units provided by Diebold to approximately 1,000.
Diebold’s BCRM accepts large amounts of cash from customers and also
dispenses that cash to other customers. In so doing, it frees bank personnel
to promote and sell more value-added services. The BCRM also facilitates
customer bill payment, account inquiries and fund transfers, while providing
financial institutions with the capability of running MPEG video for
advertising and branding.
“The BCRM epitomizes the most advanced-function technology of the
financial self-service industry in Asia and specifically the China market,”
said Daniel Hu, managing director of Diebold Greater China Area. “Our
innovative solutions reduce our customers’ operating expenses, raise
productivity, enhance the consumer experience and assist the Bank of China
with transforming its branches.”
Because BOC is widely recognized as one of China’s most successful banks,
the financial institution was chosen to be the official partner of the 2008
Beijing Olympic Games. Established in 1912, BOC is China’s oldest bank. For
more than 90 years, the bank has played an important role in promoting China’s
economic and social progress through its active involvement in the country’s
local and international trade, and financial activities. BOC is the first and
only Chinese bank with a presence on every major continent, offering financial
services through its global network of more than 560 international offices in
25 countries and regions.
Diebold, Incorporated is a global leader in providing integrated self-
service delivery systems, security and services. Diebold employs more than
14,000 associates with representation in nearly 90 countries worldwide and is
headquartered in North Canton, Ohio, USA. Diebold reported revenue of $2.4
billion in 2004 and is publicly traded on the New York Stock Exchange under
the symbol “DBD.” For more information, visit the company’s Web site at
http://www.diebold.com.