News

Volksbank installs Wincor's CINEO cash recycling system

September 21, 2011

German bank Vereinigte Volksbank Griesheim Weiterstadt has implemented Wincor Nixdorf's CINEO C4060 cash recycling system at its main branch and will potentially employ the system throughout its branches, according to a press release.

"The cash recycling system that was installed in the main branch delivered first-rate availability right off the bat," said the bank's Chief Executive Officer Dietmar Petermann. "We also received good feedback from many of our customers, who perceive the system as 'super fast'."

The system’s location in the customer foyer of the main branch in Griesheim is frequented both by consumers and numerous businesses. Some 1,500 deposits per month stand in contrast to 2,000 withdrawals. In terms of volume, the deposits outstrip the withdrawals several times over.

"Our clearly defined business goal is to make good use of this surplus deposit volume and further optimize our cash logistics," Petermann said.

Petermann said he also sees future potential in the possibility of using cassettes that have been filled with cash in the automated POS systems of retailers to replenish the bank’s cash dispensers. Volksbank is the only financial institution to run a branch at the Loop 5 shopping center, which is home to 170 retailers and other companies. Initial discussions with retailers at Loop 5 have already taken place, according the press release.

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