Russian Post Bank will partner with Diebold Nixdorf to enhance its ATM fleet and offer self-service Money in physical form such as banknotes and coins. More The process of converting waste materials into new materials and objects. Banknotes are increasingly recycled after destruction, and the waste is often used for landfills, isolation material etc. Polymer notes are melted into pellets which are recycled into new products. Recycling is often incorrectly used instead of recirculation. See Recirculation. More machines. Diebold Nixdorf’s local distributor Terminal Plus is set to supply 3,200 cash recyclers that will be installed in post office branches across the country in an effort to expand the bank’s retail banking network.
The new system will allow Post Bank to reduce the number of traditional Initially, the person who is responsible for the safe, its opening and closing, and the contents that are safeguarded inside it. Nowadays, at a central bank, the person who is responsible for matters related to the treasury and cash. Their signature would usually appear alongside others on the banknotes issued by the bank. More stations as all cash transactions including loan grants, deposits and settlements will be available to customers on a self-service basis. Four thousand cash recycling machines should be operational by 2018.
Post Bank is the first Russian bank that decided to modernise its entire self-service network by embracing recycling technology. The collaboration with Diebold Nixdorf will enable the financial institution to increase its presence especially in remote areas and small villages across Russia.
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