Diebold has revealed the world's first ATM that uses virtualisation technology and relies on cloud-based technology to offer more security and reliability.

Diebold, an ATM-maker company, has revealed the world's first ATM that uses virtualisation technology. These virtual ATMs use cloud computing technology by relying on remote servers rather than built-in computing resources. According to reports, cloud-based cash machines offer greater security, reliability and flexibility. Frank A. Natoli Jr., Vice President and Chief Technology Officer at Diebold, explained:

Virtualisation will fundamentally change the way Diebold – and its customers – deploy solutions to the marketplace. It enables unified management of a wide array of services and paves way for orchestration of multiple channels. This development is an important millstone on Diebold's roadmap to leveraging cloud computing technology in the retail financial space.

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