ATM manufacturer Diebold is to provide nearly 300 self-service bulk cash recycle machines (BCRM) to the Bank of China.

This new order comes in addition to a recent multi-million-dollar contract with Bank of China, bringing the total number of self-service units provided by Diebold to approximately 1,000.

Diebold’s BCRM accepts large amounts of cash from customers and also dispenses that cash to other customers. In so doing, it frees bank personnel to promote and sell more value-added services, Diebold says.

The BCRM also facilitates customer bill payment, account inquiries and fund transfers, while providing financial institutions with the capability of running MPEG video for advertising and branding.

The BCRM epitomizes the most advanced-function technology of the financial self-service industry in Asia and specifically the China market, said Daniel Hu, managing director of Diebold’s Chinese operation.