Brazil's Itautec, Currently Providing ATMs on Six Continents, Enters U.S. Market

Itautec's lineup of Adattis ATMs, cash dispensers and kiosks -- currently deployed in 40 countries -- are ADA compliant, boast intelligent deposit capabilities and can be tailored for all credit unions and banks

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Itautec

Feb 16, 2011, 06:00 ET

DORAL, Fla., Feb. 16, 2011 /PRNewswire/ -- Itautec, a $1 billion Brazilian electronics equipment manufacturer specializing in ATMs and kiosks, announced today it is beginning to sell its roster of Adattis ATMs, cash dispensers and kiosks to U.S. credit unions and community banks. With more than 6,000 employees worldwide and U.S. headquarters already opened in Doral, Fla., Itautec (pronounced e-′tau-tek) is set to commence operations immediately, according to Marcio Weltman Dvorkin, Itautec America general manager.

"After more than 30 years of work in Brazil and, ultimately, throughout South America, Latin America, Europe, Asia, Australia and Africa, the timing is ideal for Itautec to enter the U.S. market," says Dvorkin, who is leading the organization's coast-to-coast sales effort. "The U.S. fleet is aging – so financial institutions are seeking new, multi-function ATMs. Additionally, our versatile and affordable Adattis machines can be tailored, part-by-part, to address client needs and they meet all 2010 ADA (Americans with Disabilities Act) requirements, which every U.S. financial institution (FI) must address during the next 12 months."

The Adattis Intelligent Deposit ATMs, compatible with all FI self-service and automation needs, including bulk cash and bulk check acceptors, image capturing and touch screen, boast a customizable hardware and software package that, according to Dvorkin, will simplify how U.S. credit unions and banks satisfy the forthcoming ADA regulations.

"Itautec technology supports the world's 10th largest bank (Itau-Unibanco), our ATMs, cash dispensers and kiosks are deployed on six continents, and now we're bringing this expertise to the U.S.," says Dvorkin. "There currently are 420,000 ATMs across America – many are past their prime, and by March 15, 2012, all must have voice guidance, Braille instruction labels, and keyboard and height standards along with other ADA requirements.

"Itautec's flexible design and manufacturing strategy as well as our global experience helps us meet, and exceed, the demands of every market we enter and earn our client's trust. This is exactly how we will operate in the United States."

A prototype of the Adattis Intelligent Deposit ATM will make its U.S. debut Feb. 22 at the 2011 ATM Industry Association (ATMIA) conference at the Doral Resort and Spa in southern Florida.

ABOUT ITAUTEC (www.theworldsatm.com)

Itautec, an electronics equipment manufacturer based in Sao Paulo, Brazil, has a presence throughout South America, North America, Europe, Africa, Australia and Asia and employs 6,000 people globally. The company was recently named "Best Finance Technology Company of the Year, Latin America" by World Finance magazine, and is the world's No-23 financial-technology company, according to the Fintech 100. Founded in 1979 and with $1 billion in annual revenues, Itautec specializes in ATM and kiosk manufacturing, banking and commercial automation, and technical support/services. The specific products being sold in the U.S. include the Adattis Intelligent Deposit ATM, Adattis Cash Dispenser and kiosks.

Photos and Logo: http://media.pcgcampbell.com/itautec

SOURCE Itautec