News

Wincor Nixdorf reaches milestone with CCDM technology

April 19, 2011

Wincor Nixdorf AG announced yesterday that it had reached a milestone regarding installation of its Cash/Check Deposit Modules (CCDM), technology that allows for the deposit of bundles of banknotes and checks at ATMs.

Since 2002, Wincor Nixdorf has installed nearly 40,000 CCDMs at banks, making it the world’s leader in systems with modules for bundle processing of banknotes and checks, said officials of the Paderborn, Germany-based manufacturer.

“We’ve pooled all our experience from customer projects in 70 countries to develop an enhanced solution,” said Uwe Krause, director of Global Marketing at Wincor Nixdorf.

By optimizing the mechanical processing of banknotes and checks, developers have succeeded in reducing jam rates by up to 25 percent and improving the systems’ availability, said Wincor Nixdorf officials. 

The manufacturer cited a study by TowerGroup, a Needham, Mass. consultancy, in which checks deposited in bundles via a Wincor Nixdorf CCDM system are automatically scanned, reducing the bank’s costs to 40 cents per transaction. This compares with a rate of $1.70 for every ATM envelope deposit.

Banks in the United States, Spain, Russia and Turkey employ the Cash/Check Deposit Module.