BUSINESS

Zicom bags contract for securing 6,000 ATMs

Banks are securing their automated teller machines (ATMs) with e-surveillance systems, a shift from the practice of deploying guards, for enhanced safety, reliability as well as reduced costs. In the first phase, 20,000 ATMs have been taken up by both private and public sector banks, including SBI, HDFC, Axis, ICICI and PNB. The contracts for provision of e-surveillance architecture have been awarded to a few firms specialising in security systems, said Pramoud V Rao, Managing Director of Zicom Electronic Security Systems Ltd. The Mumbai-based firm has got orders for 6,000 facilities and expects more business from Vijaya Bank and Canara Bank. — N. Ravi Kumar