Diebold Extends China Deal

The company will provide nearly 300 self-service bulk cash recycle machines to the Bank of China.
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Diebold

(DBD) - Get Report

, the maker of ATMs and electronic-voting machines, will provide nearly 300 self-service bulk cash recycle machines to the Bank of China.

The deal is in addition to a recent contract with the bank, which means Diebold will supply a total of around 1,000 units.

Diebold's bulk cash recycle machines accept cash from customers and dispense it to other users. The machines also facilitate bill payments, account inquiries and fund transfers.

"The BCRM epitomizes the most advanced-function technology of the financial self-service industry in Asia and specifically the China market," Diebold said. "Our innovative solutions reduce our customers' operating expenses, raise productivity, enhance the consumer experience and assist the Bank of China with transforming its branches."

Shares of Diebold were giving up 43 cents, or 1.1%, to $38.44 Monday.

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