20 October 2017
Find out more

Wincor Nixdorf updates cheque and cash deposit modules

18 November 2008  |  1114 views  |  0 Source: Wincor Nixdorf

It is now even easier to input checks and banknotes into ATMs.

The new generation of Wincor Nixdorf's Check and Cash Deposit Modules (CCDM) can now do more than accept bulk deposits of up to 50 checks or 50 banknotes: the module has been optimized so that it can accept and process mixed bundles of checks and banknotes, irrespective of the way they are presented and that even includes checks with MiCR. "This innovation has allowed us to increase our lead over our competitors and offer bank customers an even better service with the new technology," says Alan Walsh, Sales Director at Wincor Nixdorf USA. What's more, the new system has more cassette capacity, so armored car services need to attend less often to empty the system.

Wincor Nixdorf has already installed more than 20,000 ATMs with CCDMs worldwide. "We are offering banks the opportunity to upgrade their existing installations with the new technology," said Walsh. This will allow them to standardize their system landscape, which will not only make maintenance easier but also benefit consumers, who will find devices everywhere that they can operate in the same way.

With its intelligent deposit system, Wincor Nixdorf is automating the entire cash and check handling process and shortening the cash cycle from the very beginning. Cash and checks are validated using the latest, precise image processing technology. The entire posting process is automated. There is no need to process cash or checks manually anymore. The costs of cash logistics are cut significantly, without any reduction in availability. Interest paid and the cost of replenishment and emptying are reduced, while the cash supply is made more secure. According to Tower Group analysts, each deposit made in an envelope at an ATM costs USD 1.70, and each counter transaction USD 1.40. By scanning bundled check deposits, Wincor Nixdorf's systems cut the costs to the bank to just USD 0.40 per transaction.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Register nowvisit www.capgemini.comvisit www.fivedegrees.nl

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15868 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8987 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8096 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7168 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6307 views comments | 6 tweets | 3 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job