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.
“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”.