Diebold Completes Important Certification To Expand Multivendor Software Availability For U.S. Financial Institutions
Company drives exponential growth in multivendor software market share in last three years
NORTH CANTON, Ohio, June 14, 2016 /PRNewswire/ -- Expanding its multivendor software availability for U.S. financial institutions, Diebold, Incorporated's (NYSE: DBD) VISTA™ multivendor software platform has recently been certified by payment processor, Vantiv, Inc. (NYSE: VNTV). This certification lays the foundation for Vantiv customers to take advantage of technological advances in self-service as software continues to drive the future of banking.
Following the acquisition of Phoenix Interactive last year, Diebold is continuing network certifications and its transformation to become a services-led, software-enabled technology leader. In the last three years, Diebold's North America multivendor software market share grew from 2 percent to 28 percent.[1]
The certification of Diebold's multivendor software platform enables financial institutions that are part of the Vantiv network to provide seamless banking services and maximize the efficiencies of their automated teller machine (ATM) networks. In addition, advanced ATM software provides financial institutions with the flexibility to quickly incorporate security and authentication functionality, such as mobile contactless withdrawals, pre-staged transactions and biometrics.
"The continuous evolution of our software capabilities further positions Diebold as a leader in multivendor ATM management. Our multivendor software solutions enable more financial institutions to take advantage of Diebold's best-in-class software and services capabilities, regardless of automation hardware manufacturer," said Alan Kerr, executive vice president, software, Diebold. "Network certifications such as this are important as we continue to gain market share in the regional bank space."
According to a recent Retail Banking Research (RBR) report, the multivendor software market is forecasted to grow nearly 70 percent by 2020.[2] This projected growth reflects the power that ATM software has to shape the future of the industry.
"Vantiv is always evaluating best-in-class solutions available to the industry to provide its partners with the most innovative solutions in the market," said Rob Casterline, leader of product, core processing, Vantiv. "Certification of the VISTA multivendor ATM software platform enables financial institutions in the Vantiv network, with Diebold or non-Diebold hardware, to improve their speed-to-market for implementing new self-service capabilities."
"As one of the first financial institutions to implement the VISTA software platform on the Vantiv network, our primary objective is to enable our members to make more secure and convenient transactions at the self-service channel – today and in the future," said Andrew Rosen, president and chief executive officer, Hawaii State Federal Credit Union. "Diebold's software enables us to streamline our current operations and quickly incorporate additional features and advanced functionality as we continue to build our network on Diebold's multivendor software platform."
About Hawaii State Federal Credit Union
Hawaii State Federal Credit union offers its members a full range of financial services from high-interest savings and checking accounts to mortgage and consumer loans and credit and debit cards. Members can easily access their credit union accounts and conduct transactions 24-hours a day, 7-days a week, 365-days a year through the use of Private Line (bank-by-phone), or by logging-in to Hawaii State FCU's free Online Banking system featuring free, unlimited online bill pay. Founded in 1936, Hawaii State FCU is a not-for-profit financial cooperative owned and operated by its members, who are state employees, their immediate families and household members, as well as non-profits and select businesses and their employees and families across the state.
About Vantiv
Vantiv, Inc. (NYSE: VNTV) is a leading payment processor differentiated by an integrated technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes, enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure, and more successful. Vantiv is the second-largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high-growth channels and verticals, including integrated payments, eCommerce, and merchant bank. Visit us at www.vantiv.com, or follow us on Twitter, Facebook, LinkedIn, Google+, and YouTube.
About Diebold
Diebold, Incorporated (NYSE: DBD) provides the technology, software and services that connect people around the world with their money - bridging the physical and digital worlds of cash conveniently, securely and efficiently. Since its founding in 1859, Diebold has evolved to become a leading provider of exceptional self-service innovation, security and services to financial, commercial, retail and other markets.
Diebold has approximately 15,000 employees worldwide and is headquartered near Canton, Ohio, USA. Visit Diebold at www.diebold.com or on Twitter: http://twitter.com/DieboldInc.
[1] RBR. March 2016. ATM Software 2016 Part 1: Market Data.
[2] RBR. March 2016. ATM Software 2016 Part 1: Market Data.
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SOURCE Diebold, Incorporated
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