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Wincor Nixdorf signs new ATM deal with Italian bank for automated deposits
March 9, 2008
PADERBORN, Germany — UBI Banca, Italy's fifth-largest bank, has signed with Wincor Nixdorf Internationalfor the installation of intelligent deposit technology on its branch ATMs.
Wincor Nixdorf says the program aims to make branch processes more efficient. A top priority is the transfer of small deposits and withdrawals to self-service terminals with the help of intelligent deposit systems. By the end of 2008, UBI expects to have 200 branches equipped with the technology.
Portugal's Montepio Geral Bank awarded Wincor Nixdorf an additional contract for integrating Wincor Nixdorf's intelligent-deposit technology. The bank plans to deploy cash-recycling systems in its branches. The systems will support cash deposits as well as intelligent-check and saving- book processing.
Since the launch of its intelligent-deposit technology in the mid-1990s, Wincor Nixdorf has delivered more than 250,000 ATMs capable of automatic banknote deposits.
In Europe alone, Wincor Nixdorf has installed around 15,000 intelligent-deposit and recycling systems, representing a market share of more than 50 percent, the company says.
Intelligent-deposit and recycling systems are designed to automate the entire cash-handling process, making straight-through processing possible, from electronic processing to crediting the account. Customers no longer need to complete forms, nor does staff need to handle deposited cash.
Cash-handling costs can be further reduced by using cash recycling, which reuses deposited cash for withdrawals.
Banking Executive SummaryDepositsNorth AmericaPublic CompaniesBank SecurityManufacturersOtherBank / Credit UnionBranch TransformationWincor Nixdorf International
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