Diebold in Pact with Sovcom

By Sean Sposito

Published April 18, 2011, 6:41 p.m. EDT

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Updated April 18, 2011, 5:41 p.m. EDT

1 Min Read

Diebold Inc. said it would provide more than 200 automated teller machines to Sovcombank Investment and Commercial Bank LLC.

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The Russian retail bank was already a Diebold customer. Its latest purchase gives it a total of 450 Diebold Opteva ATMs.

"We continue to extend our retail network and the range of services offered," Igor Lappi, Sovcombank's central branch manager, said in a press release. The contract, announced Monday, is part of a pact with Sovcombank, Diebold and the Center of Financial Technologies, a consortium of companies that develop high-tech financial sector products. Under the deal, the CFT is providing ATM software that will give users remote access to banking products and services.

Sean Sposito is a freelance writer.

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