Diebold Signs Deal with VPBank to Provide 1,000 ATMs

The US-based Diebold Group, one of the world’s biggest automated teller machine (ATM) providers, inked a contract with Vietnam Bank for Private Enterprises (VPBank), one of Vietnam’s leading joint stock commercial banks, to supply 1,000 ATMs on July 24 in Ho Chi Minh City. This is the biggest ATM provision contract in Vietnam’s financial sector so far, not only by the number of ATMs provided, but also by providing the most advanced type of ATM in the world, Opteva.

 

The Opteva ATM is safe for customers to use, equipped with an observing mirror, a inward keyboard to help customers carry out safer transactions, a lighting system and a dedicated camera. Especially, Diebold has developed a special card reading head to help read chip cards and avoid information theft. This product was granted many prizes by prestigious institutions in the Finance-Banking sector such as “The best security technology for ATMs”, “Contribution for security solution development for ATMs” granted by ATM-ATMIA Industry Association, and “Technology Prize of The Banker Magazine 2004.” More than 100,000 Opteva ATMs have been sold worldwide so far.

 

The deal between Diebold and VPBank is a breakthrough in building the international-standard retailing bank model, with a target of not using cash and popularizing modern consumption and payment forms. Diebold is the only ATM producer in Vietnam to provide support for banks and card owners.

 

Mr Le Dac Son, VPBank General Director and standing member of board of directors, said that VPBank was elected the best bank in the north of Vietnam in 2006 by the State Bank of Vietnam and named in the Guinness Vietnam record book as the first bank to issue Platinum EMV Master Card in Vietnam in July 2007.

 

This is the most luxurious card, providing benefits and preferential policies for card owners nationwide and region-wide. With VPBank Platinum Master Card EMV and Opteva ATM system, VPBank will become a pioneer in developing card trading and a widespread ATM network in Vietnam. VPBank has attracted more and more customers and improved its prestige and image on the financial and banking market in Vietnam and in the region. Along with its ATM system, VPBank will own a network of over 100 branches and transaction offices nationwide by the end of 2007, ranking second in operation networks among joint stock commercial banks in Vietnam.