Diebold would not only be eliminating a rival in buying Germany's Wincor Nixdorf — it would also gain new technology and retail relationships vital to its success in an economy that is growing much less reliant on plastic cards.

The $1.8 billion Wincor deal, which is still a non-binding agreement, would be the latest of many transformative moves North Canton, Ohio-based ATM and bank technology vendor has made in the past decade to adapt to a rapidly changing market.

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