Bankmed to deploy Diebold Nixdorf's DN Series ATMs in Lebanon

ATM manufacturer Diebold Nixdorf announced today that Bankmed will be the first bank to deploy its new DN Series of ATMs in Lebanon. 

The Lebanon-based bank will also be the first to introduce cash recycling in the country and will install new ATMs at Beirut-Hariri International Airport to facilitate currency exchange. The new installation includes lobby and through-the-wall ATMs offering a 19-inch multi-touchscreen with cash recycling and check deposit, according to a company press release. 

"The capabilities of the DN Series will allow us to optimize cash handling at our branches while ensuring that our customers are interacting with the most futuristic and accommodating technology," Fouad Baalbaki, head of IT at Bankmed, said in the release. 

To optimize cash handling, Bankmed is using the cash recycling capability of the DN Series — which Diebold Nixdorf launched in July — an integral part of the new solution's design. The ATMs can securely and accurately accept, validate, store and recirculate cash, which increases efficiency and reduces the frequency that cash-in-transit companies are needed to refill machines, Diebold Nixdorf said.

"This transformation of Bankmed’s fleet of ATMs will help the bank continue to be a leader in the region," Habib Hanna, managing director, Middle East, at Diebold Nixdorf said in the release.

Bankmed will begin installation of these new solutions in the Lebanese market in the first quarter of 2020, the firm said.