Diebold, Incorporated announced Monday that it’s i Series and ix Series ATMs received Mondex approval for use in global Mondex Electronic Cash Purse implementations. Mondex approval allows Diebold customers to develop and deploy Mondex functionality in their ATMs.
! “This certification process assures Diebold customers that Diebold ATMs meet our requirements,” said Gillian Chard, head of procurement and licensing at Mondex International. “As a result, ATM deployers will have the ability to use their established ATM network to provide the necessary value-load and unload transactions onto smart cards. In turn, these cards can be used for many different purposes such as stored-value purchases at the point-of-sale and person-to-person payments.”
Mondex type approval ensures that the i and ix Series ATMs adhere to the standards required for Mondex transactions. Both the i and ix Series ATMs are developed to be easily upgradable to accommodate rapidly expanding self- service systems technology and applications. As a result, ATMs that are currently installed can be upgraded to accommodate Mondex functionality.
“We’ve created our ATMs to expand as the technology expands. By providing Mondex capability, current and future customers can process transactions from Mondex card systems,” said Thomas W. Swidarski, senior director of worldwide marketing for Diebold. “Consumers are comfortable using an ATM for financial transactions. It is only natural that ATMs are a part of this new payment technology.”
While this particular certification pertains to Mondex, Diebold ATMs have the flexibility to support any smart card applications that meet the ISO- standard for integrated-circuit chip cards.
Mondex International is a subsidiary of MasterCard International. Mondex International grants licenses to franchisees to allow them to exploit the Mondex electronic cash technology in a given territory. Since its incorporation in 1996, Mondex has issued 30 licenses across six continents and is being developed by franchisees in over 50 countries. Mondex is the only electronic cash system in the world to operate with a single global technology allowing for cross-border payments. It allows up to five different currencies to be carried on the card at any one time in separate electronic pockets.
Mondex is currently being used in 23 implementations around the world including Australia, Canada, Hong Kong, Costa Rica, Philippines, UK and USA.
The following companies are shareholders (directly or indirectly) in Mondex International: MasterCard International, National Westminster Bank, Ulster Bank, Midland Bank, Scotiabank, Credit Union Central of Canada, The National Bank of Canada, Bank of Montreal, Canada Trust, Le Mouvement des caisses Desjardins, Toronto-Dominion Bank, Royal Bank of Canada, Canadian Imperial Bank of Commerce, The Hongkong and Shanghai Banking Corporation, Wells Fargo, Citibank NA, Chase Manhattan, First Chicago NBD, Australia and New Zealand Banking Group, Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corporation (Australia), ANZ Banking Group (New Zealand), Bank of New Zealand, Countrywide Banking Corporation, The National Bank of New Zealand, ASB Bank and Westpac Banking Corporation (New Zealand).
Diebold, Incorporated (pronounced DEE-bold), headquartered in Canton, Ohio, is a global leader in providing card-based transaction systems, security and service solutions to the financial, education and healthcare industries. Founded in 1859, the company develops, manufactures, sells and services automated teller machines, campus systems, smart card systems, electronic and physical security equipment, automated medication and supplies dispensing systems, integrated systems solutions, software and supplies. For more information about Diebold, Incorporated, visit the company’s web site at [www.diebold.com].