The State Bank of India (SBI) has joined hands with US-based ATM manufacturer NCR Corporation to install over 7,000 cash-vending machines across the country in the next seven years.
Under the 334-crore ATM deal — the single largest order of ATMs in the country so far — NCR will equip the new cash-vending machines with the latest anti-fraud security solutions.
“State Bank has awarded NCR with the single largest order of ATMs in the country. The agreement, valued at around Rs 334 crore, has to be executed over the next seven years, and NCR will deploy 7,070 cash-vending machines, software solutions and provide services support,” said Navroze Dastur, Managing Director, NCR India.
“This partnership continues to strengthen our ATM channel network of over 57,000 ATMs, of which, NCR has almost half the base supporting more than 4,500 locations,” said Mrutyunjay Mahapatra, Deputy Managing Director and Chief Information Officer, SBI.
According to NCR sources, the new SelfServ 22e ATMs would be embedded with its proprietary skimming protection solutions which will help thwart card data breach and notify attacks in real-time.
Dastur said the deal is important in view of the recent banking data breach.
Last month, leading Indian banks like SBI, ICICI, HDFC Bank, Axis Bank and Yes Bank had to collectively reissue over 3.2 million debit cards after data from vendor’s end was compromised.
SBI alone had to reissue over 6.2 lakh debit cards.
The locally-made SelfServ 22e ATMs are designed to handle high transaction volumes and its compact design makes it easier to be deployed in rural areas, the NCR Corporation said.