Diebold Inc., one of the nation's leading manufacturers of automated teller machines and bank security products, has announced plans to dramatically expand its presence in the debit point of sale terminal market.

The news is significant because the U.S. point of sale terminal business is currently dominated by a single vendor, Verifone Inc. According to POS News, Verifone accounted for almost 60% of the point of sale terminals sold in North America in 1992.

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