PJSC Leto Bank and Wincor Nixdorf announce the successful completion of the migration of the bank’s ATM fleet to cash recycling technology. The project was launched in February 2014 and the entire network was migrated to the cash recycling system (CRS) platform by July 2015. Today, the bank’s CRS fleet amounts to 377 devices.
The ATM Industry Association has published a new study on recent global cash demand which shows that cash demand is increasing more than three times faster than worldwide economic growth rates. The study looked at year-on-year growth in currency in circulation in a range of 30 countries in advanced and developing economies over a 5 year period from 2009-2013.
Researchers have recently discovered the Tyupkin malware used to infect ATMs and allow attackers to remove money via direct manipulation, stealing millions of dollars. The creators are very smart and clever and go to great lengths to disguise their successful ruse.
Lamassu is taking orders for its modular system, which enables owners of existing Lamassu Bitcoin ATMs to add Bitcoin-for-cash capability via its new Santo Tirso bill dispensing pedestal. Previously, the manufacturer only produced machines with the ability to make cash-for-Bitcoin transactions. The bill dispenser stands, which sell for $5,500 each, are now available for preorder and will make their first appearance at the Bitcoin Foundation’s Bitcoin 2014 conference in Amsterdam May 15-17.
Wincor Nixdorf is now a GS1 Germany solution provider to take the GS1 standards into account in its software solutions, its ATMs and cash recyclers as well as in the overarching project plan for Managed Services that is still to be adopted. Wincor Nixdorf intends to make a contribution toward evolution of the GS1 standards together with other partners in the market. The group of GS1 Germany solution providers comprises almost 100 companies from the fields of hardware and software, communications, logistics and category management. They provide solutions that enable companies to optimize their interfaces with partners in the value chain.
CINEO C4090 from Wincor Nixdorf is a system that can provide a wide range of banking services both with staff assistance and on a self-service basis. Typical application formats are mainly traditional branch formats. It allows bank staff to focus primarily on advising customers and selling products, but also to be available to assist their customers, where needed, with standard transactions on the CINEO C4090. A further advantage of the solution is that the wide range of services can continue to be offered outside opening hours.
Travelex Japan, one of the largest merchants specializing in currency exchange, announced the installation of OKI’s RG7 Currency Exchanger at two stores at Narita International Airport. Travelex began operating the RG7 Currency Exchanger located at Terminal 1 on July 19; the second machine, located at Terminal 2, is slated to begin operating July 26. The RG7 Currency Exchanger currency exchange machine is capable of simultaneously recycling deposits and accommodating withdrawals between Japanese yen and multiple foreign currencies, thereby automating exchange tasks and accelerating the pace of foreign currency exchange transactions. The deployment of these two machines follows the installation of the RG7 Currency Exchanger at the Haneda Airport International Terminal Station; the latter machine began operating March 4. Travelex and OKI plan to capitalize on the partnership and deploy additional machines.
Oki Electric telecommunication manufacturer headquartered and Itautec Brazilian companies of banking and retail automation, personal and corporate computers and technological services announced a strategic partnership to jointly operate an automation and services company in Brazil. The partnership is intended to drive growth to aim for the leading share in the Brazilian ATM and IT markets by capitalizing on OKI’s world top-class cash-recycling ATM technologies as well as Itautec’s extensive customer base and services network for the maintenance of computers, ATMs and other IT devices, which is the largest such network in Brazil and reaches more than 3,700 cities. OKI has achieved strong track records in Japan and China, where it holds the leading market share, as well as in Russia and Indonesia. Capitalizing on these achievements, OKI is focused on expanding sales in emerging countries, such as those located in Central and South America, where rapid economic growth is expected.
NCR announced ANZ Bank New Zealand has embarked on Asia-Pacific’s biggest deployment of its next-generation teller cash recycler (TCR) to provide a friendlier, more engaging branch experience. The NCR Cash Recycler 11 quickly accepts and dispenses cash for teller staff, allowing them to focus their attention on the customer rather than counting bank notes. Also, by immediately securing all deposited notes in its safe, cash drawers and loose cash are eliminated from the teller counter, improving security. This has enabled ANZ to remove barriers within the branch, which have traditionally kept customers and staff on opposite sides of the counter. NCR’s next-generation recycler can cut these transaction times by up to 50 percent and allow tellers to focus on customer service and offering advice rather than bill counting.
OKI deploys its cash-recycling ATMs, ATM-Recycler G7, to PT Bank Central Asia Tbk. These deliveries follow ATM-Recycler G7 installations in Russia announced last year, and will mark OKI’s first delivery of its cash-recycling ATM in Southeast Asia. OKI plans to accelerate global sales development of its ATMs and aims for 40% market share in the global ATM market, namely in emerging markets, where continuing growth is expected. Economic growth continues in Indonesia and installation of ATMs and CDs (cash dispensers) reached 50,000 units in 2011, the largest in South East Asia. The number is expected to continue expanding to 80,000 units by 2015 following the economic growth.
OKI partnered Europeum to launch its ATM-Recycler G7 cash-recycling ATMs to Alfa-Bank. Alfa-Bank currently operates 2,700 ATMs and has been considering a dramatic overhaul of its ATM network. The new ATMs making up this network required various functions to handle not just the Ruble, Russia’s home currency, but multiple key foreign currencies, including US dollars and Euros. In a pilot project running from June to September 2012, Alfa-Bank undertook a trial run involving four ATM-Recycler G7 units. This effort was positioned as part of a strategic plan to improve the bank’s network to maintain Russia’s leading customer service levels.
Development Bank of Singapore (DBS) is implementing Wincor Nixdorf’s Cash Cycle Management Solutions concept in its newly designed flagship branch. Equipped with 22 CINEO systems from automated teller safes to cash recycling systems, the new branch is to serve as a blueprint for the bank’s branch network. Wincor Nixdorf has helped DBS develop its new branch concept, implementing a customized model for automating cash processes at the counters and in the self-service zone. Automated teller safes with recycling functionality take over the time-consuming task of counting and verifying banknotes, significantly reducing the time required by tellers to perform these tasks at the beginning and end of their shifts. Wincor Nixdorf also provides IT services for DBS, comprising first and second line maintenance.