Diebold 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. ( PRNewswire )