Informatics (Pvt) Ltd recently installed its 1000th ATM machine at the People’s Bank, Melsiripura Bank Branch with officials saying the fast expansion of banking sector into the outstations has increased the requirement for ATMs across Sri Lanka.

“We have been supplying ATM machines to Bank of Ceylon, People’s Bank and National Savings Bank. Several of the leading private banks such as Commercial Bank, Union Bank, Sampath Bank and DFCC are supplied by us. There is a rapid increase in the requirement for ATMs overall. We supplied the first ATM to People’s Bank and also its 1000th at the Melsiripura Branch. During the last financial year we have received orders for 173 machines and the projected figure for the next will be around 250 machines,” said Informatics (Pvt) Limited Head of Banking Division Lahan Gajasinghearachchi speaking to the Business Times.

He further added that Informatics had the largest ATM base in Sri Lanka provided by a single supplier, it is with a sense of pride and nobility that Informatics dominates the ATM sector. The success is due to the efficient 24×7 services and maintenance provided by Informatics in both software and hardware engineering. The quality of service provided by them made Informatics a preferred name when it came to ATMs among banks, he said.

Speaking on other developments, Mr Gajasinghearachchi said the future will be about multifunctional ATMs. At present ATMs could only accept offline deposits where a customer had to put the money in an envelope and deposit it in the machine.

The multifunctional ATMs will enable the customer to be able to deposit currency direct. At the moment the currency note of the old previous issue of the denominations of Rs. 2000, Rs. 1000 and Rs. 500 has been programmed. Six denominations of the new issue of currency notes of Rs. 5000, Rs. 2000, Rs. 1000, Rs. 500, Rs 100 and Rs. 50 are presently being checked for acceptance now. Once multi functional machines are approved it will be a great convenience to the customers and mean lesser time spent at a bank, he added.

Original Article : http://www.sundaytimes.lk/110306/BusinessTimes/bt24.html