CBR tests Russian ATM with cash recycling, banks are now testing it

(CBR letter added, producer’s comment on text)

MOSCOW, Jan 24 (Reuters) – The Russian Central Bank has tested and certified an ATM with a banknote recycling function developed by a Moscow company, the press service of the Moscow Economic Policy and Property and Land Relations Complex said and confirmed. service regulator.

Following the imposition 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 older 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”.

“At the service center (St. Petersburg), a Saga S-200ATM ATM with a BCU53-M detection unit with a turnover / recycling function was tested with a positive result,” the CBR letter on the test results, which Reuters Available for, say.

The CBR press service confirmed that the regulator tested the ATM and recommended it for use by banks.

“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, CEO of Saga Technologies, a developer, believes that a home ATM with a recycling function is safe and fully meets the regulator’s 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.

Oksana Kalashnikova, commercial director of SAGA Technologies, said that State Bank VTB started testing the company’s ATMs in the fourth quarter of 2022 and a conclusion on the tests is expected by the end of January.

The VTB press service has not yet provided Reuters with comment on the test.

MTS Bank, according to Kalashnikova, is ready to start buying and placing Saga ATMs from April 1, 2023, which are already “in combat testing in high traffic areas.”

In the near future, ATMs will be tested by Novicombank, Akbars Bank, Alfa-Bank, Promsvyazbank and Surgutneftegazbank.

Russia’s largest state-owned bank, Sberbank, 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)

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