GRG Banking announces solution to streamline cash handling
GRG Banking Equipment HK Co. Ltd., a subsidiary company of GRG Banking, has announced the availability of a new cash intelligence solution, which includes cash recycling systems H68N/H68NL, bulk cash deposit system P2801L and a new software platform.
According to a company release, GRG Banking’s end-to-end solution, which enables multiple manual processes to be automated, is aimed at optimizing the entire cash supply chain from front to back-office so that bank and retail employees will no longer come frequently into contact with cash.
At the core of the solution is an intelligent cash cassette, which is equipped with on-board smart chips. The memory chips store and carry a variety of information, such as how many notes are contained in the cassette, note currency or denomination and access history and error codes. As a result, these intelligent cassettes enable fast exchange of cash; for example, the cash taken from a retail store can be transferred directly to a nearby ATM, eliminating the need for taking cassettes to a CIT operator’s cash center and counting the cash there.
Software applications are also provided and controlled by a centralized cash cycle management base, which supports multi-institutional reports for dispute processing and account reconciliation.
Diebold Introduces New Skimming-Protection Solutions to Combat ATM Fraud
NORTH CANTON, Ohio, June 1, 2010 /PRNewswire via COMTEX/ –Advancing its 150-year legacy of leadership in the financial and self-service and security industries, Diebold, Incorporated (NYSE: DBD) has introduced a comprehensive portfolio of skimming-protection solutions that help financial institutions mitigate card skimming, one of the largest threats against the automated teller machine (ATM) channel worldwide.
Designed to provide effective countermeasures against known skimming attack vectors, Diebold’s ATM Security Protection Suite consists of anti-skimming packages and an industry-leading outsourced monitoring service. The suite offers five levels of protection to proactively guard against increasingly sophisticated card-skimming attacks.
“As a trusted partner and leader in providing ATM security solutions, Diebold is committed to working with our financial-institution partners to help reduce financial losses and maintain confidence in the ATM channel as a whole,” said Chuck Somers, vice president, ATM security and systems, Diebold. “Diebold’s comprehensive portfolio of skimming protection solutions represent an advanced generation of technologies and the most innovative anti-skimming expertise in the industry.”
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Wincor Nixdorf is honored for innovative Mobile Money solution
The 20 innovative companies honoured this year by US magazine Banking Technology News in the 9th annual issue of “The Innovators” have one thing in common: they offer the kind of risk-taking, forward-thinking products and services required by the financial services industry to leave the financial crisis behind and bring the next level of value to customers. Wincor Nixdorf was one of the honored companies, joining a prestigious line-up that includes global leaders in the retail banking and financial services industry.
The new Mobile Money ATM solution powered by Wincor Nixdorf delivers an answer to two challenges facing banks: how to squeeze more functionality out of their ATMs; and how to enable transactions via mobile phones.
Together with Sicap, a leading provider of mobile software solutions and a subsidiary of Switzerland’s leading telecom provider Swisscom, Wincor Nixdorf now offers an ATM designed for a range of Mobile Money services, including deposits and withdrawals. Under the partnership, Wincor Nixdorf delivers the terminals together with the company’s server-based software application, and Sicap designs, customizes and implements the service to meet the individual requirements of mobile network operators worldwide.
The solution also has potential applications for banks. Instead of building out their own ATM networks to offer Mobile Money services, they can use their existing ATMs running the Wincor Nixdorf mobile payment solution PC/E Mobile Transaction Services.
For a cash remittance via an ATM, a sender simply enters the phone number of the recipient and a security PIN (personal identification number) on the terminal’s touch screen and inserts the amount into the machine. The recipient can withdraw cash from any participating ATM. Or a bank customer can send the payment instructions via mobile phone, allowing the recipient to pick up the cash at the terminal.
“Demand for these kinds of services will grow as people become more accustomed to using their mobile phones for payments,” said Nicole Sturgill, research director at TowerGroup.
“Mobile Money is a growth market and of particular interest to banks and mobile network operators at the same time,” said Stefan Auerbach, Executive Vice President Banking at Wincor Nixdorf. “Our innovative, cross-sector solution offers banks an opportunity to play an active role in this new market.”
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Sorry, the old site was hacked, so I changed the host and need to rebuild all. Sorry for that!
Paris Financial Marketplace Offers Array Of Cutting-Edge Services
(1888PressRelease) April 20, 2010 – France’s attractive regulatory environment and great variety of institutions in the financial-services sector – supervisory and regulatory authorities, trade associations, banks, insurance firms, brokers, issuers and stock exchange operators – offer a network that is conducive to expanding investment banking, asset management, real-estate lending and consumer-credit activities, as well as pension funds.
The Paris Stock Exchange – an integral part of Euronext, the pan-European stock exchange and a division of transatlantic group NYSE Euronext – is now the leading stock exchange in the Eurozone in terms of transaction volumes and market capitalisation. The Paris financial marketplace is also a key location for Euro-markets and Europe’s leader in the commercial paper and corporate bond markets. Read the rest of this entry »
LUUP and Emirates International Exchange to Roll Out Comprehensive Mobile Wallet and Remittance Offering in the UAE
Signing ceremony for agreement held during the visit of HRH Crown Prince Haakon of Norway to the UAE.
(1888PressRelease) April 16, 2010 – Dubai – Luup International Ltd., a leading mobile payments solutions provider of Norwegian origin, and Emirates International Exchange (EIE), a leading exchange house in the United Arab Emirates (UAE), today signed an Agreement to roll-out a mobile phone based payroll solution. It will enable migrant and local workers’ wages to be paid onto a mobile wallet or a mobile-enabled payroll card. The mobile wallet and card holder will then be able to withdraw cash at EIE locations in the UAE and make mobile remittance transactions through the Luup mobile remittance gateway.
The signing ceremony was held in the presence of HE Trond Giske, Minister of Trade and Industry of Norway and member of the high profile delegation with HRH Crown Prince Haakon of Norway. The delegation is on a two-day visit to strengthen ties between Norway and the UAE. Read the rest of this entry »
Global ATM Maintenance, repair and operations (MRO) LinkedIn Group
Dear visitor,
you have found this website and you are here right now because you have a close link to the ATM industry.
I propose you to get into closer contact with other professional in the banking sector.
Come and join my group at Linkedin:
Global ATM Maintenance, repair and operations (MRO)
This group is for ATM pro’s in both, technical and sales+buyers position. If you are desperately looking for a hint or an ATM item – you are welcome. If you want to discuss the ATM market – join us.
You are welcome to join my second group too:
ATM Spare Parts Finder
a subgroup of Global ATM Maintenance, repair and operations (MRO)
You are looking for Automated Teller Machine spare parts? You want to offer some ATM spare parts? This is your group!
You will find a strong network of people that are in the same industry than you. You may join these groups for free, there are no costs.
Hoping to meeting you soon at LinkedIn!
Best regards,
Ulrich Rosenbaum
Hengstler GmbH licenses NCR’s innovative two-sided thermal printer technology for worldwide use
Simultaneous printing on back and front reduces costs and benefits environment
Duluth, Georgia – Hengstler GmbH, a leading European manufacturer of industrial components, including a wide range of printers and cutters, has signed an agreement to license two-sided thermal printing technology from NCR Corporation (NYSE: NCR). This license gives Hengstler the ability to make, use and sell two-sided thermal printers under NCR’s two-sided thermal printing intellectual property worldwide to customers for its banking, transportation, gas dispensing and kiosk applications.
“As a worldwide leader of thermal printing solutions, we at Hengstler are excited to be able to offer this innovative new printing technology to our customers as two-sided printing will help reduce paper consumption,” said Jochen Feiler, Vice President of Hengstler’s Global Business Unit Core Products.
Wincor Nixdorf commits itself to EPAS: simplifying integration through standards
Wincor Nixdorf is an active member of various standardization committees, in part to meet the goal of ensuring that cashless payment solutions can be integrated in POS software solutions more easily in the future. As a founding member of the non-profit Belgian standardization organization EPASOrg A.I.S.B.L., Wincor Nixdorf contributed significantly to the EPAS Retailer Protocol which – after four years of specification work – was published in February for public consultation on the organization’s official website. For six months now, Jürgen Manske, Solution Manager at Wincor Nixdorf, has been Chairman of the Board of the organization. The Electronic Protocols Application Software (EPAS) project is part of the SEPA activities that were launched to standardize cashless payment transactions in Europe. Read the rest of this entry »
Cartes Afrique 2010
La cinquième édition du Forum Africain des Technologies de la Carte « Cartes Afrique 2010 » aura lieu les 1er et 2 avril prochain en Tunisie. Initié par I-Conférences en partenariat avec les Groupements et les Centres Interbancaires de la Monétique dans la région, ce forum est dédié aux professionnels de la carte de paiement en Afrique. Il se veut le forum le plus important en Afrique sur la monétique et les technologies de la carte réunissant à la fois acteurs, décideurs et intervenant de l’industrie de la carte.
« Cartes Afrique 2010 » est un rendez-vous pour faire le point sur les avancées et débattre les différentes stratégies et opportunités d’expansion du secteur. Des opportunités d’expansions, à caractère régional et en relation avec les nouvelles niches, les dernières Technologies, l’Authentification des moyens de payements et les solutions de fidélisations de la carte seront débattus. En mettant le point sur le Mobile-Payment qui représente l’une des technologies les plus adaptées à la région.
Pendant deux jours de conférences des experts seront présents pour faire le bilan des cinq dernières années, détecter les zones d’amélioration dans les réglementations et présenter les opportunités et le potentiel de développement. Aussi, un espace d’exposition et des ateliers qui seront animés par des développeurs de solutions pour vous éclairer des nouvelles offres adaptées aux consommateurs africains. Les rencontres annuelles depuis 2006, ont réunis plus de 350 représentants d’autorités gouvernementales, experts, et décideurs de l’industrie de la carte à puce en Afrique et à l’échelle internationale.
Source: Tendancemag
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