Dyad Corp., a maker of self-service banking terminals, has acquired Bank Systems and Equipment Corp.
Miramar, Fla.-based Bank Systems is best known for its Automated Banking Centers, self-service terminals that let bank customers make deposits, open accounts, print statements, apply for loans, and get a variety of check and money order products.
The terminals resemble automated teller machines and support video conferencing. Banks use them to give customers access to services 24 hours a day.
Institutions that have purchased the terminals tend to install them in branches and in special office locations.
Bank Systems' "virtual banking center concept defines the next generation of convenience-based customer services," said C. Michael Bowers, president and chief executive officer of Dyad.
"Financial institutions can bring services historically confined to office locations to remote, high-traffic locations."
Financial terms of the deal were not disclosed.