Local company Deposita has developed an innovative banking machine making use of wireless technology, which it is now aiming at the international market.
The company’s automatic banking machine (ABM) counts and validates bank notes on a customer’s premises and communicates via GSM to the Deposita Internal Management Platform, in order to electronically credit cash deposits to the customer’s account.
Christo Terblanche, Deposita commercial director, comments: “The cash market is our core business. It has seen a 17% year on year increase in the past three years. Besides financial institutions, we are the only supplier of end to end cash management solutions in South Africa. We developed the ABM and our Banking Platform (Internal Management Platform) from scratch four years ago, and took a decision to gain competitive advantage by making use of the latest in electronic and wireless technology to ensure reliability, and speed of installation. Wireless is the technology of the future for devices in the field.”
According to Terblanche, traditional fixed line systems can take up to six weeks to install, and Deposita needs to deliver cash management solutions as and when their customers require them. With wireless technology, Deposita is not reliant on any existing infrastructure in order to install the ABM. This provides the required flexibility, as well as reliability in the field.
The system’s communications are based on the Wavecom GSM/GPRS modem, from Trinity Telecomms. According to Terblanche, the Wavecom modem was backward compatible with Deposita’s existing technology, which uses a very similar AT command set.
Deposita specialises in customisation of its cash management solutions. The ABM is now a third generation product, and is highly customisable, particularly due to its Web-based user interface. This interface enables the client to access the system via the Internet by means of a secure user name and password, to gain instant and accurate information about their ABM deposits.
Terblanche adds that the ABM offers security features and benefits that far exceed those offered by tills and drop safes. The risk ratio is excellent, which has prompted many insurance companies to insist that the Deposita ABM be installed at their clients’ sites.
“Our third generation ABM features international capabilities, making it a generic platform that will support technology anywhere in the world. We already have interest from the UK, UAE, Bulgaria and the USA,” says Terblanche. “We will in the future focus strongly on the international market. The Wavecom modems already have all the necessary international certification requirements for electronic hardware, making it instantly portable to the international market. Staying ahead gives us time to design and develop the next generation. It will help us to retain our competitive edge in the global market.”
For more information contact Deposita Solutions, +27 (0)11 729 3300, Trinity Wireless Solutions, +27 (0)11 465 7377.
| Tel: | +27 11 465 7377 |
| Email: | [email protected] |
| www: | www.trinity.co.za |
| Articles: | More information and articles about Trinity IoT |
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