Diebold has signed an agreement with India-based Bank of Baroda (BoB) to install approximately 2,100 Diebold 429 ATMs, which automatically switch between three possible power sources, including solar panel, alternating current (AC) grid and internal battery.
The intelligent-powered terminals equipped with an integrated battery backup system will enable the bank to expand its footprint among underbanked population in the country.
Bank of Baroda transaction banking general manager PD Singh said, "Expanding the capabilities and breadth of our ATM fleet will improve access to banking services in both urban and rural areas.
"Diebold’s ATMs and services are helping us deliver convenient, reliable self-service banking experiences to more customers."
Built with an intelligent power management system to exchange between available power sources, the Diebold 429 ATM maximizes terminal uptime and decreases energy consumption by nearly 40% compared to existing ATMs.
In order to alleviate card fraud and data security threats, while complying with the latest National Payments Corporation of India (NPCI) regulatory requirements, the ATM has various security features, such as Europay, MasterCard and Visa (EMV) card readers, biometric technology and optional dual security cameras.
Furthermore, Diebold has also agreed to oversee the performance and optimizes the end user availability of BoB’s entire multivendor fleet of more than 4,000 terminals, providing total implementation services, managed services and second-line maintenance.
BoB manages over 4,000 bank offices across India, and offers an array of retail banking services to its customers.