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Wincor, MEI ink banknote recycling system agreement

March 27, 2014

Wincor Nixdorf will use the MEI BNR banknote recycling system in its retail payment terminals, the company has announced.

"The decision by Wincor Nixdorf to specify the MEI BNR reinforces the value that cash-recycling offers automated checkout lanes," Tom Nugent, Crane Payment Innovations' president, gaming and retail, said in a statement.

Malvern, Pa.-based Crane Payment Innovations is part of Crane Co., a manufacturer of highly engineered industrial products. Crane Co. has used its acquisition of MEI to launch CPI.

The MEI BNR uses notes collected from customers in previous transactions to lower a store’s cash float while simultaneously offering efficiencies across the entire cash management process, CPI said.

The product was designed specifically for automated checkout, and features a 600-note cashbox to store notes for bank deposit, a 250-note loader to supply additional quantities of notes that are heavily used, and four-denomination recycling.

"Wincor Nixdorf constantly strives to expand its automated checkout product portfolio to offer our customers the most efficient product," said Mark Brew, Wincor strategic purchasing manager, in a statement. "The BNR allows us to offer the benefits of four-denomination note recycling technology at an overall unit cost that offers retailers an attractive payback."