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Cash management system goes global

Deposita, an innovation-led provider of cost-efficient cash management solutions for retail and banking environments, has developed the third generation of its automatic banking machines (ABM) that can now offer a cash management solution for the international market. The ABM counts and validates bank notes on the customer’s premises and communicates via GSM to the Deposita Internal Management Platform, in order to electronically credit cash deposits to the customer’s account.

Christo Terblanche, Deposita commercial director, comments, “The cash market is our core business. It has seen a 17% year on year increase in the past three years. Besides financial institutions, we are the only supplier of end-to-end cash management solutions in South Africa.

“We developed the ABM and our Banking Platform (Internal Management Platform) from scratch four years ago, and took a decision to gain competitive advantage by making use of the latest in electronic and wireless technology to ensure reliability, and speed of installation. Wireless is the technology of the future for devices in the field.”

According to Terblanche, traditional fixed line systems can take up to six weeks to install, and Deposita needs to deliver cash management solutions as and when their customers require them. With wireless technology, Deposita is not reliant on any existing infrastructure in order to install the ABM. This provides the required flexibility, as well as reliability in the field.

“We recently launched our third generation ABM. It now features international capabilities, making it a generic platform that will support technology anywhere in the world. We already have interest from the UK, UAE, Bulgaria and the USA,” says Terblanche.

“We will in the future strongly focus on the international market. The Wavecom modems already have all the necessary international certification requirements for electronic hardware, making it instantly portable to the international market. Staying ahead gives us time to design and develop the next generation. It will help us to retain our competitive edge in the global market.”

For details contact Christo Terblanche, Director: Commercial, Deposita, +27 (0)11 729 3300, [email protected]

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