News

BANQIT to use Wincor Nixdorf's CINEO cassette storage technology

January 9, 2012

Cash solution provider BANQIT AB has signed a strategic agreement with Wincor Nixdorf to use Wincor's CINEO banknote storage technology for its Q-CashRouter. The Q-CashRouter from BANQIT is a cash recycler solution for locations with a high volume of banknotes.

According to a company press release, BANQIT is implementing the technology to complement its own cash recycling technology.

"Wincor Nixdorf´s intelligent CINEO cassette technology integrated in the Q-CashRouter, with its four customer fascias for simultaneous multiple transactions at high-volume locations, offers banks key benefits such as lower cash handling costs, improved processes and better security," said Leif Lundblad, CEO and founder of BANQIT AB.

CINEO is the new system generation from Wincor Nixdorf comprising cash recycling systems, ATMs, automated teller safes and transaction terminals, and is part of its Cash Cycle Management Solutions portfolio.

For more information on this topic, visit our cash management research center.