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Belgian bank KBC agrees deal to replace ATM network

Belgium-based bancassurance group KBC Group has cemented a deal with ATM supplier NCR Corporation for the total replacement of its cash machine network in Belgium and France.

The agreement follows on from KBC’s announced in February that it would gradually replace its ATMs in France and Belgium. The bank will deploy new NCR Personas M Series automated teller machines.

NCR has been selected as the sole ATM supplier to the bank and is now starting to deliver the NCR Personas M Series 76, which will see its first deployment in Belgium. These units enable the bank to quickly and easily introduce image-based, intelligent cash deposit transaction capability.

Some of the new machines are also equipped with cash recycling functionality, which accepts, validates, sorts and stores deposited cash, quickly and reliably. The deposited cash can then be re-used and dispensed to subsequent customers who wish to withdraw cash from the ATM.