We are announcing the launch of new pilot project — installation of automatic deposit machines (ADM) based on the Pay-logic Payment Hub in Kapital Bank and PASHA Bank owned by PASHA Holding azerbaijani financial corporation. Project includes installation of 30 devices in bank offices with the expansion of the ADM network in near future.

Kapital Bank and PASHA Bank are the largest regional private banks in Azerbaijan, serve 2 million individuals and 25 thousand legal entities, banking networks of both structures have over 100 branches.

Customer chose the ADM model from our partners, the features of device:

• Cash sorter machine is industrial solution from Giesecke & Devrient, world leader in cash processing systems
• The highest banknote processing speed as compared to analogues, with simultaneous verification of banknote authenticity by all machine-readable characters (2CIS, UV, MG, IR, FIT, S / N) – eliminating the risk of accepting fraud banknotes
• Cash collection self-locking box with limited access, 15000 - 17000 banknotes capacity, equipped with mechanical lock
• Burglar-resistant 1 class safe with two locks: Kaba-Mauer Varos 70040 safe lock and PS-300 electronic lock
• Optional installation of barcodes and QR codes scanner, security camera, POS terminal, card reader, encrypted PIN keyboard
• Ability to return banknotes after recounting in case of cancellation by the client (escrow system)

Soft-logic software solution for ADM provides:

• Tracking of banknotes deposit operations in real time, personal operations accounting for each user
• Transfer deposited cash to bank account online
• Printing transaction data (number of banknotes, denomination, total amount of deposited cash)
• Integration with core banking
• Flexible setup and modification of cash deposit scenarios
• Technical online monitoring of the devices operations and components, fullness of boxes
• Implementation of a stylized, corporate interface
• Use ADM as payment kiosk – accept cash and non-cash payments in favor of various service providers

The result of implementation of modern ADMs for Kapital Bank and PASHA Bank is the possibility of completely self-format online transfer of funds by legal entities to their current account – full-fledged 24/7 self-collection service.

Solution also leads to costs reduction by reducing staff costs and the number of cash collections, which increases the overall level of security. Additionally provides automatic authentication and recounting of cash out when deposit them through ADM.

Our specialized software for deposit machines in conjunction with modern device models allows the bank to provide its customers with new level of cash deposit service. At the same time, due to cost optimization and increased efficiency the bank can offer more competitive rates and attract even more clients – legal entities.

Using the flexible features of Pay-logic software, automatic deposit machines can become the basis for deploying the functionality of self-service banking kiosks with reference or advertising information, offer bank products, regular payments, refill the balance of a bank e-wallet, etc. Functionality can be improved for any requirements of the customer.