Brinks, Wincor collaborate on cash management model

Dec. 19, 2012

Wincor Nixdorf and Brinks Deutschland have announced plans to expand their cooperation in order to increase the efficiency of cash-handling processes for banks and retailers. Within the cash-in-transit partnership model, Brinks will support jointly established processes for Cash Cycle Management Solutions.

The Wincor Nixdorf/Brinks arrangement will provide customers the benefits of compliant, transparent cash order management with standardized interfaces, a Wincor announcement said. Additionally, the program will employ procedures based on a Cash Electronic Data Interchange process that will become mandatory in Germany on Jan. 1, 2013. CashEDI optimizes cooperation between the Deutsche Bundesbank and FIs by means of electronic business processing of cash deposit or cash order notices.

Under the agreement, Brinks will exchange cash cassettes between cash dispensers, recycling systems and automated teller safes in branches and stores so as to achieve an ideal balance of cash. As a result, the amount of cash transported per branch or store will be reduced.

In addition, system access, which is controlled by Wincor Nixdorf by means of electronic locks, will be easier, faster and more secure. Automatically generated one-time codes indicate precisely who is authorized to open a system and who opened it last time and when. This allows techs themselves to open and service terminals with electric locks, rather than having to wait for a key.

"Two powerful partners are intensifying their cooperation for improved cash processes. As a result, our customers can rely on processes that create a high degree of transparency, maximum security and automated standards, as well as continuous savings potential," states Ralf Koritzius, vice president of services for Germany, Austria and Switzerland at Wincor Nixdorf.

For more on this topic, visit the vault cash/cash management research center.

Topics: Cash Dispenser / Recycler / Acceptor , Manufacturers , Security , Vault Cash / Cash Management

Companies: Wincor Nixdorf International

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