i-design has concluded its first agreement in the South American marketplace. The contract, secured via channel partner, Teller Service CIA. LTDA has been signed with a major bank in Ecuador and is for the deployment of i-design’s atmAd solution across the bank’s network of approximately 500 ATMs in Ecuador.

Under the terms of the agreement, following the implementation of atmAd, i-design will benefit from an ongoing revenue stream derived from fees relating to the use of its proprietary systems, which facilitate the management of ATM advertising campaigns.

Implementation of atmAd is expected to commence in the coming weeks, with sites expected to go live in the beginning of the fourth quarter of 2010.

This new contract follows the announcement issued on 27 May 2010, which reported that i-design had secured its first agreement in the USA, with Cardtronics, Inc, the world’s largest non-bank owner of ATMs.