News

Diebold introduces coin-counting solution

November 20, 2005

NORTH CANTON, Ohio - According to a news release, Diebold Inc. has introduced its first solution for consumer coin-counting, Diebold CoinCount.

Whether in pockets, at the bottom of purses or jars or under couch cushions, each American household possesses an estimated $99 in loose change. According to a 2004 white paper by the Credit Union National Association, "Credit Union Counting Services: Changing Attitudes About Change," that equals nearly $10 billion in coin.

CoinCount enables financial institutions to expand their service offerings to provide customers and members with convenient, fast access to coin-counting services right inside the branch. Tom Swidarski, Diebold's president and chief operating officer, said the solution was developed to help financial institutions draw consumers to the branch.

"As the way we pay for products and services evolves, the demand for self-service coin-counting options grows," Swidarski said. "Our customers have been waiting for Diebold to offer this type of product, and we're proud to provide them with a high-quality solution to help attract consumers to the branch. CoinCount will provide new opportunities for our customers and added convenience for their customers."