Cash Technologies, Inc. and Diebold, Incorporated, a leading manufacturer and distributor of automated teller machines, announced yesterday that they have installed the first of four Cash Technologies ATM-X machines at Rent-Way stores in Las Vegas, Nevada as part of a pilot program. In addition to traditional ATM cash dispensing, these “super-ATMs” will be capable of check cashing, electronic bill payment, targeted advertising and other functions. They represent the first commercially deployed units to be driven by Cash Tech’s EMMA (E-commerce Message Management Architecture) transaction processing platform.
Rent-Way is a leader in the rent-to-own industry, with approximately 330,000 customers and 1114 stores. Most of these customers visit their local Rent-Way stores each week to make their rental payments and shop for furniture and appliances. The ATM-X machines can offer customers new services and leverage Rent-Way’s retail presence.
Cash Tech’s EMMA system is an open-architecture software platform that allows a wide range of financial services, including Internet-based products, to be delivered on ATMs, kiosks and online PCs for the first time.
“The deployment of these ATM-X machines will demonstrate the dynamic capabilities of our EMMA transaction software and is a milestone in Cash Tech’s e-commerce business plan,” said Bruce Korman, Chairman and CEO of Cash Technologies. “The machines will also feature Cash Tech’s proprietary check cashing application, which, to the best our knowledge, is the first system that can provide fully automated check cashing functionality, including new customer enrollment, without requiring a call center.”
The ATM-X machines are customized Diebold 1062ix advanced-function ATMs which combine an array of evolutionary self-service and networking technologies, including Diebold’s sophisticated OPTix(TM)/Professional software platform and document scanning module, iris recognition devices provided by Sensar, Inc. and TCP/IP (Internet Protocol) based client software developed by Cash Tech. As part of the pilot, three additional machines are anticipated to be installed at Rent-Way stores during January, 2000.
“We are excited to partner with Cash Technologies in providing the first EMMA-driven super-ATMs to Rent-Way,” remarked Roy Shirah, V.P. of Global Product Planning and Management at Diebold. “Diebold’s OPTix/Professional development software and our superior hardware platforms allow companies like Cash Technologies to develop solutions which meet their specific business needs. As consumers increasingly demand greater convenience in obtaining financial services, we believe that the market segment targeted by the ATM-X will become an essential part of the emerging e-commerce landscape.”
Diebold, Incorporated is a global leader in providing integrated self-service delivery systems and services. Founded in 1859, Diebold employs more than 9,000 associates with representation in more than 75 countries worldwide and headquarters in Canton, Ohio, USA. Diebold reported revenue of US$1.2 billion in 1998 and is publicly traded on the New York Stock Exchange under the symbol ‘DBD.’ For more information, visit the company’s Web site at [http://www.diebold.com].
Rent-Way, Inc. operates 1116 stores in 41 states under the brand names RentWay and Home Choice Rentals. Rent-Way rents quality, brand name merchandise such as home entertainment equipment, furniture and major appliances on a week-to-week or month-to-month basis under full service rental-purchase agreements that permit the customer to acquire ownership of the merchandise at the conclusion of an agreed rental period.
About Cash Technologies
Cash Technologies, Inc. develops and markets innovative e-commerce kiosks and systems, including the EMMA transaction processing software and the multifunction ATM-X(TM) automated teller machine. Through EMMA, consumers will have access to a wide variety of financial services on an ATM or financial kiosk, including Internet based e-commerce products and services, check cashing, electronic bill payment, event ticketing, interactive advertising, traditional ATM cash dispensing and other functions, using a variety of payment methods including ATM cards, credit cards and cash.