Diebold reached an agreement with Banco del Pacifico to deploy automated teller machines in Ecuador.
The North Canton, Ohio-based ATM maker will deploy more than 200 machines across the country, according to a Nov. 26 press release. Banco del Pacifico installed the first ATM in South America 35 years ago.
"Introducing cash recycling at the ATM reduces our cash management demands, allowing us to expand to remote, underbanked communities we were previously unable to serve," said Efrain Vieira, chief executive of Banco del Pacifico, in the release.
The ATM manufacturer will also place RemoteTeller System stations at certain Banco del Pacifico branches. This product uses pneumatics and two-way closed-circuit television to allow remote tellers to service multiple customers from a secure location inside a branch.