BAC Credomatic Panama Launches New Full ATM

©image: William Grootonk

This new ATM lets clients pay credit cards, make deposits and transfer funds between pre registered BAC accounts. $1.5 million were invested in this project.

From Laestrella.com.pa: “Sabina Ríos, vice president of Channels and Distribution at BAC Credomatic, explained that Panama is the second country in the region to benefit from this technology, after Costa Rica”.

Source: laestrella.com.pa

More on this topic

Panama: Bids Invited for ATMs

October 2009

"Banco Nacional" has invited $1 million bids for supplying and installing automatic teller machines.

According to the bidding rules, participants must bid for supplying and installing 40 "Cash Dispenser" ATMs, to be fitted in the walls of the various branches of the Bank, 10 Lobby "Cash Dispenser" indoors ATMs, and 2 ATMs for vehicle service.

ATMs Grow by 14% in Guatemala

March 2009

The ATM business has a lot of room to grow in Guatemala where the banking market is still in its beginning stages.

An article published in La Prensa Libre in Guatemala analyzed the market for ATMs in the country. At present, three companies compete for the market: T&T, with 1,100 ATMs, Banco Industrial with 546 and BAC-Credomatic with 100.

Guatemala: Multilingual Speaking ATMs

July 2011

The installation of ATMs using Mayan languages has led to increased banking activities by indigenous populations.

The program, developed by the Rural Development Bank (Banrural), began in 2005 with 108 machines, and now has 420 multilingual ATMs, which as well as offering instructions in Spanish, can also cater to Mayan speakers of Quiche, Cakchiquel, Q'eqchi ', Ixil, Mam and q'anjob'al.

BAC Invests $4.2 Million in Panama

April 2010

Within its national expansion process, the banking entity opened 8 new branches.

CEO Jaime Moreno explained they based their decision in the expectative that Panama will continue growing as a center for international financial transactions.

“We had to change the institution to reflect the market’s current demand”, he told newspaper Panamá América.