NORTH CANTON, Ohio, May 20, 2014 /PRNewswire/ -- Emphasizing Meezan Bank's commitment to the environment, Diebold, Incorporated (NYSE: DBD) and Diebold distributor TouchPoint Limited are deploying 50 energy-efficient Diebold 429 automated teller machines (ATMs) for Pakistan's first and largest Islamic commercial bank. The world's greenest ATM, the Diebold 429 is the first energy-efficient ATM deployed in Pakistan. It operates on as little as 70 watts of power and features an intelligent-powered management system that counteracts unreliable power availability to enhance ATM uptime for Meezan Bank's customers.
Based in Karachi, Pakistan, Meezan Bank operates more than 350 branches in more than 100 cities across the country, as well as a network of more than 315 ATMs. Expanding its self-service network with new Diebold 429 ATMs is helping the bank remain one of Pakistan's fastest-growing banks in history.
"We are committed to enhancing the convenience, availability and sustainability of banking services for our customers," said Ariful Islam, deputy chief executive officer (CEO), Meezan Bank. "Our new ATMs will enable us to expand our reach to more customers in remote areas where power availability is a challenge."
The Diebold 429 ATM offers uninterrupted power availability by continuously monitoring the power required to complete transactions and automatically alternating between three possible power sources – solar panel, alternating current (AC) grid and internal battery. The ATM switches seamlessly between these sources to maximize uptime and reduce energy consumption by up to 40 percent compared with other ATMs. The highly efficient terminal does not exceed 100 watts of power usage.
"We are proud to be the first in the industry to offer an innovative ATM solution to the frequent electrical grid challenges that exist in many emerging markets around the world," said Bassem Bouzid, senior vice president and managing director, EMEA. "With its new Diebold ATMs, Meezan Bank is delivering continuous self-service access to its customers -- even during power outages -- which greatly enhances their experience with the bank."
"Meezan Bank's new Diebold 429 ATMs will significantly reduce the bank's energy costs while ensuring its customers have reliable and expanded access to self-service banking," said Tabish Sabah, CEO, TouchPoint.
Diebold 429 ATMs feature integrated security solutions such as Europay, MasterCard and Visa (EMV) card readers and biometric technology to help combat global card fraud and digital security threats.
About Meezan Bank
Meezan Bank, the 8th largest bank in Pakistan in terms of branch network, provides a comprehensive range of Islamic banking products and services.
Meezan Bank has been consistently recognized as the best Islamic bank in Pakistan by numerous local and international institutions including CFA Society - Pakistan, Asiamoney magazine – Hong Kong, Islamic Finance News - Malaysia, Global Finance magazine, New York and Asset AAA - Hong Kong. The Bank has also received "Best Research and Development in Islamic Finance 2013" award by Global Islamic Finance Awards (GIFA), London. For more information, visit www.meezanbank.com
About TouchPoint (Pvt.) Limited
TouchPoint is the sole distributor of Diebold ATMs in Pakistan. Since starting operations in 2007, TouchPoint has been growing and excelling at a rapid pace through the tireless efforts of its highly professional and dedicated team. For more information, visit www.touchpoint.pk.
Diebold, Incorporated (NYSE: DBD) is a global leader in providing innovative self-service technology, security systems and related services. Diebold has approximately 16,000 employees worldwide and is headquartered near Canton, Ohio, USA. Visit Diebold at www.diebold.com or on Twitter: http://twitter.com/DieboldInc.
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