NCR Corporation today announced that its range of cash deposit solutions has passed the stringent system tests to ensure compliance with Article 6 of European Central Bank (ECB) Council Regulations Number 1338/2001.
The tests were conducted by the Bundesbank (German Central Bank) and are valid in all euro area member states.
Article 6 lays down measures necessary for the protection of euro banknotes against counterfeiting and obliges automated teller machine (ATM) operators within the euro area to withdraw from circulation all euro banknotes that they know or suspect to be counterfeit.
ECB Terms of Reference provide details of different note categories, how each should be defined and handled and the subsequent actions to be taken regarding the traceability of banknotes classified as, or suspected to be, counterfeit and the identification of the account holder concerned.
"Intelligent deposit solutions provide financial institutions with the opportunity to improve customer service and reduce costs. Whether it is in branches, at off-premise locations or at a drive-up location, we at NCR can provide our customers with unprecedented choice and flexibility when it comes to implementing ECB Article 6-compliant cash deposit services, whatever the location or environment," said Jeff Lutz, vice president of NCR's Financial Solutions Division for Europe, the Middle East and Africa.
NCR is also making ECB Article 6-compliant kits available for previously installed Personas ATMs. This will mean that NCR customers can easily upgrade their existing NCR cash deposit machines to become Article 6-compliant.