Diebold Nixdorf's new, integrated ATM solution with cash
recycling provides increased efficiency, functionality and
security
BEIRUT and NORTH CANTON, Ohio, Oct. 17, 2019 /PRNewswire/ -- Diebold Nixdorf
(NYSE: DBD), a global leader in driving connected commerce for the
banking and retail industries, announced today that Bankmed is the
first to deploy its new DN Series™ self-service solution in
Lebanon. Bankmed is also the first
bank in Lebanon to introduce cash
recycling and will install new ATMs at Beirut - Hariri International Airport to
facilitate currency exchange. The new installation includes lobby
and through-the-wall ATMs offering a 19-inch multi-touchscreen with
cash recycling and check deposit.
The DN Series, which was awarded the prestigious Red Dot Award:
Product Design 2019, is a digitally-connected line of ATM solutions
built upon a software and services-driven model that offers the
latest cash processing technology in the industry's most reliable
and compact footprint.
To optimize cash handling, Bankmed is utilizing the cash
recycling capability of DN Series, which is an integral part of the
new solution's design. The ATMs can securely and accurately accept,
validate, store and recirculate cash, which increases efficiency
and reduces the frequency that cash-in-transit companies are needed
to refill machines.
Bankmed will integrate the DN Vynamic™ software suite into the
new DN Series terminals as well as its existing fleet of ATMs. This
upgrade supports the bank's strategy to transform the self-service
consumer experience and increase overall digital and physical
capabilities. This integrated solution includes:
- The ability to deploy one, seamless application across the
bank's entire self-service network, and enhance the consumer
experience by implementing Vynamic™ Connection Points
software.
- The ability for consumers to conduct omnichannel, video and
advanced ATM transactions by connecting to Bankmed's core system
with Vynamic™ Transaction Engine.
- Operational support to manage the full ATM fleet, including
availability monitoring, incident reporting, security monitoring
and business intelligence with Vynamic™ View.
- Protection from data and cyber threats with Vynamic™ Security
software suite.
Commenting on this deployment, Fouad
Baalbaki, Head of the Information Technology at Bankmed
noted: "The capabilities of the DN Series will allow us to optimize
cash handling at our branches while ensuring that our customers are
interacting with the most futuristic and accommodating technology.
As innovation progresses in our industry and part of Bankmed's
strategy to lead and innovate on new technologies, we are proud to
be the first financial institution in Lebanon to implement cash recycling and the
first in Lebanon to install the
new DN Series self-service solution."
In turn, Habib Hanna, managing
director, Middle East, at Diebold
Nixdorf said: "The DN Series gives financial institutions the
ability to grow their digital strategy through elevating the
performance of the self-service channel with integrated software,
hardware and services, and allowing cost reduction optimization.
This transformation of Bankmed's fleet of ATMs will help the bank
continue to be a leader in the region. We are thrilled that Bankmed
is expanding its relationship with us with the deployment of the
new DN Series line with proven cash handling capabilities and the
launch of recycling."
Bankmed will begin installation of these new solutions in the
Lebanese market in the first quarter of 2020. The project services
and implementation are being provided by QuanTech SAL.
About Bankmed
Originally established in 1944 and
headquartered in Beirut, Bankmed
is one of the leading financial institutions in Lebanon. The Bank is regulated and governed by
the Central Bank of Lebanon and
supervised by the Banking Control Commission. In addition to the
stringent regulatory framework, the Bank operates in conformity
with international best practices and standards. Bankmed is a
regional group that provides a broad range of financial solutions
including Retail Banking, Private Banking, International Commercial
Banking, Small Businesses Banking, Medium Enterprises Banking,
E-Banking, Business Development, Investment and Brokerage services,
Asset Management, Treasury and Investment Services, in addition to
Financial Institutions, Trade Finance, and Microfinance through its
61 branches within Lebanon, three
in Iraq, one in Cyprus, and one in the Dubai International
Financial Center (DIFC). Bankmed's operations also extend to
Switzerland, through its private
banking arm (BankMed Suisse), to Turkey through a commercial bank (T-Bank), and
to Saudi Arabia through its
investment banking arm (SaudiMed Investment Company). For more
information, visit: www.bankmed.com.lb
Twitter: @Bankmedleb
LinkedIn: www.linkedin.com/company/bankmedleb
Facebook: facebook.com/bankmedleb
Instagram: instagram.com/bankmedleb
YouTube:
https://www.youtube.com/channel/UC6fTZWxD6ISOg6mlA0DV5WQ
About Diebold Nixdorf
Diebold Nixdorf, Incorporated
(NYSE: DBD) is a world leader in enabling connected commerce. We
automate, digitize and transform the way people bank and shop. As a
partner to the majority of the world's top 100 financial
institutions and top 25 global retailers, our integrated solutions
connect digital and physical channels conveniently, securely and
efficiently for millions of consumers each day. The company has a
presence in more than 100 countries with approximately 23,000
employees worldwide. Visit www.DieboldNixdorf.com for more
information.
Twitter: @DieboldNixdorf
LinkedIn: www.linkedin.com/company/diebold
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf
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