This new agreement upgrades the existing five year ATM maintenance services contract signed with Cashcard Australia in 2001.
As part of this new arrangement, the Cashcard ATM network will replace the majority of its existing ATM models from multiple manufacturers with Wincor Nixdorf ATMs, the first ATM manufacturer to be officially accredited by the Australian Payments Clearing Association (APCA). The Wincor Nixdorf ATMs conform to global security standards, and provide greater deterrents in the area of personal fraud with enhanced personal identification number (PIN) security. The first order for new ATMs has been received by ITS and implementation is expected to commence in March.
For ITSâ CEO, Mr. Barry Dow, the deal is a highly strategic win for all parties.
âFor everyday Australians relying on ATMs for over 72 million transactionsÂ¹ each month, the latest security technology incorporated into a Wincor Nixdorf ATM is expected to assist them in avoiding credit and debit card fraud currently running at millions of dollars annually,â Dow outlined.
âFor an ATM network operator such as Cashcard, this is a milestone moment which allows them to streamline hardware and service providers with multiple contracts and develop a new standard for ATM services. Armaguard will become the first company to provide a single point of contact for hardware, software, cash management, funding and management, complete line maintenance and relevant site security and alarm planning. With a lower total cost of ownership we would expect to see them benefit from immediate cost savings and planned revenue generation,â he continued.
Mr Dow further commented, âFor ITS and its parent company Armaguard this is truly a showcase opportunity. The market will be better able to understand our combined strengths and unique end-to-end offering for a wide range of retailers and financial institutions. We believe that this model is also our springboard to developing ATM networks in rapid ATM deployment areas such as the Middle East and Asia.â
ITS and Wincor Nixdorf have established a local Research and Development facility in Sydney to facilitate staff and customer training, ongoing product development and customisation projects for hardware and software requirements.
âWe have established a true partnership with ITS,â outlined Mr. K. H. Lim, CEO Wincor Nixdorf Singapore.
âOur plan is to implement a technology transfer program with our local representatives and ensure that they remain accredited in leading ATM technology and servicing, which we believe ITS are the most appropriate partner for. It is a proud moment when we expand our presence in key global markets such as Australia.â