MOSCOW, Jan 24 (Reuters) – The Russian Central Bank has tested and certified an ATM with a banknote recycling function developed by a Moscow company, said the press service of the Moscow Economic Policy and Property and Land Relations Complex.
Following the introduction of Western sanctions on the supply of imported equipment and software, Russian banks are faced with a shortage of new ATMs, as well as the problem of updating old equipment. Thus, the lack of updating of American ATMs of one of the Russian banks led to the fact that they began to accept five thousand banknotes of the “Bank of Jokes”.
The press service of CBR has not yet commented on the tests of the ATM.
“After extensive testing, the ATM’s compliance with all requirements for guaranteed acceptance, issuance, verification and sorting of cash was confirmed,” the Metropolitan Department said.
Last year, an ATM with a cash recycling function was included in the register of household appliances of the Ministry of Industry and Trade of Russia.
At the beginning of this year, the Moscow company Saga received a conclusion on successful testing of ATMs at the Central Bank of Russia. The certificate will make it possible to purchase and use the device in all financial and credit institutions of the country, said Vladislav Ovchinsky, head of the Department of Investment and Industrial Policy of the city of Moscow, whose words are given in the message.
CBR experts test ATMs in a variety of ways, including authentication, wearability, number of machine-readable security features, banknote serial number reading, and others. In particular, banknotes of both 1997 and 2022 were used, including the new 100 rubles.
Andrey Zholobov, general director of Saga Technologies, a developer company, believes that the home ATM with recycling function is safe and fully meets the regulatory requirements.
“The product is extremely important in the current conditions of sanctions and the policy of replacing imports with domestically produced goods in our country. Now we are conducting various negotiations with large federal and commercial banks on the supply of our devices to branches,” he said.
Sberbank, Russia’s largest state-owned bank, plans to switch to Chinese ATMs due to a lack of Western equipment. First Deputy Chairman of the Board of Sber Alexander Vaidikhin said that the bank is operating five models of ATMs from a Chinese manufacturer. Other banks complained that by contract, only Sber could use these Chinese ATMs.
Vaidyakhin said that Sber’s Chinese ATMs will be installed with Russian software based on the Linux operating system, “which does not depend on anyone and will be installed on all ATMs.” (Elena Factory)