Seoul, Korea - Nautilus Hyosung, a manufacturer of self service banking terminals, says its

Monimax 7600T has successfully passed a system test for the counterfeit detection and bill

validation, based on the requirements of the European Central Bank’s article 6.

Due to this bill being passed, the ATM industry in Korea is expected to garner about 10,000

As this approval is valid in all euro member states, the Monimax 7600T model need not be

Currently, Korea has 3 different types of bills equivalent to .80cents, 4 dollars and 8 dollars at

submitted for tests to other euro areas.  With this approval, Nautilus Hyosung has become one

of the few ATM manufacturers that have the in-house developed counterfeit detection and bill

validation technology to date.

Monimax 7600T is a full function ATM that accepts both bundled cash and bundled check for

automatic deposit.  To this date since 2007, about 2,000 Monimax 7600 series ATMs were

installed at CITI Bank branches in the U.S.