Diebold and Vakifbank Announce ATM, Software Agreement in Turkey

ISTANBUL, Sept. 15 /PRNewswire/ -- Vakifbank, the fifth largest bank in Turkey and a leading "multi-specialist" financial institution in the country, has signed an automated teller machine (ATM) and software deal with Diebold, Incorporated (NYSE: DBD) as part of a major upgrade of its large ATM network. With Diebold's professional services team's completion of the Diebold Agilis® software certification into Vakifbank's software environment, the installation of the terminals will begin in the upcoming days.

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As part of the agreement, Diebold will provide 575 image-enabled Opteva® ATMs equipped with coin dispensers and the enhanced note acceptor (ENA), enabling cash deposit and bill pay functionality, along with customized Agilis software that will operate the bank's terminals. Diebold's deposit automation functionality will allow for Vakifbank to improve currency management, risk mitigation and transaction processing at its ATM channel.

"This agreement with Vakifbank is a milestone for Diebold's presence in Turkey, which is one of our top growth markets in the EMEA region. Diebold is honored that Vakifbank has chosen our solutions to enhance its ATM infrastructure and support its growth strategy," said Danilo Rivalta, vice president and general manager, Diebold EMEA Southern and Central region. "This project is a great example of Diebold's commitment to the Turkish market.''

Diebold has leveraged its strong deposit automation experience and technology expertise to design the ENA to deliver deposit automation improvements, such as simplified servicing and ease of operation.

The ENA enables the deposit of up to 50 mixed-denomination notes in an easy, envelope-free transaction that authenticates and validates deposits, quickly and accurately. Additionally, Diebold's ENA leverages the industry's only dual-slot design. The dual-slot solution provides customers with unmatched levels of availability, allowing for two levels of operational inputs to keep deposits flowing and consumers satisfied. The ENA module further enhances the flexibility of Diebold's full-function Opteva terminals and is offered as a standard feature or as an onsite field upgrade.  Retail Banking Research (RBR) recently reported that the number of terminals with automated deposit functionality worldwide increased 30 percent from 2007 to 2009.

About Vakifbank

Vakifbank, established 1954, is one of the leading "multi-specialist" banks in Turkey. It carries on the activity in corporate, commercial, investment, personal and private banking sectors. At the end of 2009, Vakifbank has been the fifth largest bank of Turkey in terms of asset size. It has been undertaking a leading role in the financing of domestic and foreign trade by reaching out through 602 branches, internet and telephone banking branches, 2,196 ATMs and 72,609 units of POS. Vakifbank has two international offices located in New York and Bahrain; its participation in Austria named Vakifbank International AG has branches in Vienna, Cologne and Frankfurt.

About Diebold

Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs more than 16,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's website at www.diebold.com.

SOURCE Diebold, Incorporated