Jamaican software developer Management Control
Systems (MCS) has partnered with ATM
manufacturer Diebold to launch a telling machine said to recycle
cash and refuse forged notes.
“In addition to the convenience of being able
to withdraw cash at any time, (…) the machines will accept the
notes directly, instead of notes in an envelope,” Dianne Smith-Sears, general
manager of MCS.
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“The account balance is immediately updated
and the amount will
be made available
for instant use. [The] ATM will recognise counterfeit
notes,” she said.
She told Jamaican newspaper, The
Gleaner, that the counterfeit recognition technology is
built-in.
The first ATM was installed in Montego Bay in March. Another one was
recently placed at the Jamaica National Building Society’s
Half-Way-Tree branch in the Corporate Area.
“We believe that this technology will
significantly cut the time spent in lines at financial
institutions,” Smith-Sears said. She added
that MCS will
introduce “other aspects of deposit automation to its clients
in Jamaica and the rest of
theCaribbean”.
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