TOKYO & DAYTON, Ohio - NCR Corporation (NYSE:NCR) and Fujitsu Limited (TSE:6702) have developed a new cash deposit and recycling module for ATMs.
According to a news release, the new module is the first commercial result of a strategic alliance under which NCR and Fujitsu are pursuing collaborative research and development and supply of products and technology.
The new module provides bill-validation and cash-recycling functionality that can be adapted to meet the requirements of national or regional markets and customers.
Enabling deposited, validated and sorted notes to be dispensed to customers making cash withdrawals, the module has the capability to make bunch-note acceptance and validation available for up to 200 notes, with support for multicurrency deposits and cassette-based note storage for up to 9,200 notes.
Fujitsu will manufacture the new module for both companies' respective ATM product offerings, which they will continue to distribute, sell and service separately.
According to the release, Fujitsu and NCR are continuing to explore further areas of ATM technology collaboration and believe that combining their complementary development strengths will enable them to bring self-service terminals with leading-edge functions to market more quickly and economically.
Keith Taylor, senior vice president of NCR's Financial Solutions Division, said in the release, "This is a good example of how two global companies can combine their research strengths to enable an innovative solution that provides better service to the consumer and lower total cost of ownership to the banks."
Kiyokazu Hanatani, group president of Fujitsu's Ubiquitous Systems Group, said, "Fujitsu's long experience and accumulated technology in bill recycling together with NCR's considerable global product development strengths are a winning combination for ATM customers."
