MC Systems and Diebold launch ATMs said to recycle cash and refuse counterfeit

By Raphael Michilis 

18 May 2012

Jamaican software developer Management Control Systems (MCS) partnered with American ATM manufacturer Diebold Incorporated to launch a telling machine they claim recycles cash and refuses forged notes.

The recycling machine, that also accepts deposit of cash notes, was first installed Montego Bay in March. Another one was recently placed at the JNBS's Half-Way-Tree branch in the Corporate Area.

"In addition to the convenience of being able to withdraw cash at any time, (…) the machines will accept the notes directly, instead of notes in an envelope. And will count and request verification of the total lodgement, explained Dianne Smith-Sears, general manager of MCS.

The new machines speed up money availability, by updating the account balance immediately after the deposit, according to Smith-Sears. 

"I should also add, that the ATM will recognise counterfeit notes," she warned.

Not giving much detail, the MCS manager told the Jamaican newspaper, The Gleaner, that the counterfeit recognition technology is "built in" the ATMs and that they are recyclers because "reissue" the cash deposited into them.

"We believe that this technology will significantly cut the time spent in lines at financial institutions," commented Smith-Sears. 

She also said MCS will introduce “other aspects of deposit automation to its clients in Jamaica and the rest of the Caribbean”, citing the company also have introduced other commercial applications, innovative for the Caribbean, such as: the payroll packages Power Pay & BizPay; electronic top-up for prepaid mobile phones and an 'award-winning' online remittance system.