cashotec – the ATM information source and discussion site

Today at Mobile World Congress 2010, Sicap, the Swisscom owned mobile solutions pioneer, and Wincor Nixdorf, the leading Automated Teller Machine (ATM) manufacturer and IT solutions provider to the retail banking sector, unveiled ATMs specially designed for unprecedented mobile money services, including cash-in / cash-out transfer facilities. Jointly designed and developed by Sicap and Wincor Nixdorf to install in retail outlets or offsite prime locations, the machines are set to kick-start the usage of ATMs for mobile network operators and mark an important evolution in how mobile customers interact with their operator.

“Being first to market with an m-transaction ATM confirms our pioneering spirit, our server-side expertise and our ability to deliver user-friendly services in their regional context. We are proud to partner with Wincor Nixdorf as a reputed leader in ATM technologies to achieve this.” said Jürgen Samuel, Sicap CEO
Mr. Stefan Auerbach – Executive Vice President of Wincor Nixdorf Banking added that “mobile money solutions powered by Wincor Nixdorf financial services expertise will give operators a clear competitive advantage and customers a consistent and worthwhile service experience. With its expertise in the network operator market, Sicap is an ideal partner for Wincor Nixdorf to expand our successful multichannel software approach to the benefit of mobile carriers.” Read more…

New solution portfolio for cash cycle management

Cash continues to be the number one payment medium. “Nine of ten payment transactions worldwide are made with cash. Our estimates show that this creates more than 300 billion dollars in costs, primarily for banks and retail businesses,” explains Eckard Heidloff, President and CEO of Wincor Nixdorf, at the opening of Wincor World 2010. The number of euro banknotes alone is growing at the rate of nine percent yearly according to the European Central Bank. On the whole, cash handling in Europe costs approximately 50 billion euros every year. Thus Heidloff presented a solution portfolio as the kickoff to Wincor World that makes the most of the common ground in cash handling processes at retail companies and banks, and takes a completely new approach. The portfolio, which Wincor Nixdorf is marketing under the name “Cash Cycle Management Solutions”, enables manual processes to be automated, with the result that bank and store employees no longer come into contact with cash. The results: maximum security, the greatest possible transparency, better processes and cost reductions of more than twenty percent.

Heidloff emphasized that Wincor Nixdorf continues to be a reliable and stable solution partner to banks and retailers. To be sure, the Group’s sales fell by six percent and its EBITA by thirteen percent year-on-year in the first quarter of the new fiscal year 2009/2010. And Heidloff added that Wincor Nixdorf expected sales and operating income to be down somewhat for the fiscal year as a whole, but not by more than in the last fiscal year 2008/2009, when sales fell by three percent and income by thirteen percent. The company’s objective is to remain stable throughout the crisis, while preparing for when the economy recovers in strength. Read more…

Wincor Nixdorf AG closed its first quarter of the current fiscal 2009/2010 with net sales and operating profit (EBITA) down 6% and 13% respectively on the same period in the preceding fiscal 2008/2009. Net sales for the Group, which specializes in IT solutions for the branch operations of banks and retailers, fell in the first three months to EUR607 million (previous year:
EUR646 million). EBITA was also lower at EUR49 million (EUR56 million). The EBITA margin fell accordingly to 8.1% (8.7%), while profit for the period declined 6% to EUR33 million (EUR35 million). Looking ahead at the rest of the fiscal year, President & CEO Eckard Heidloff pointed to the continued impact of the economic and financial crisis. “In the short term at least we expect the worldwide environment to remain challenging. Developments in the market and in our business are still difficult to predict,” he explained.
Against this background he sees the probability of fluctuations in business performance during the year and within regions. For fiscal 2009/2010 as a whole, Wincor Nixdorf anticipates a further decline in its net sales and operating profit, albeit no greater than that experienced in the last fiscal year (2008/2009: net sales – 3%, EBITA – 13%).
Read more…

Hello all,

if you are already connected to the LinkedIn professional network than it is very easy for you to check and join these groups:
Global ATM Maintenance, repair and operations (MRO)

and

Atm Spare Parts Finder

It is important to network to get the maximun out of the internet. So please do not hesitate and join the two above mentioned groups.

If you are new to LinkedIn, go to this address to join the network.

I am looking forward to discussing with you!

Kind regards

Ulrich

www.KeywordSpy.com
Give your site the exposure it needs

The topic of cash cycle management will be the focus of Wincor World 2010, which will take place in Paderborn from January 26 to 28. At this event, Wincor Nixdorf invites IT decision-makers from all over the world to join in the discussion on IT solutions that enable the optimization of branch and store processes at retail banks and retail companies. The company and many of its partners will present solutions for hardware, software, service and professional services across an area of some 10,000 square meters. As in years past, a prominent feature of the event is the targeted transfer of know-how through a program of presentations.
The circulation of cash – which continues to be the leading payment medium – is the source of extensive manual work and high processing costs in addition to posing security risks. For this reason, Wincor Nixdorf is placing solutions for cash management at the heart of this year’s Wincor World. With its innovative, significantly expanded Cash Cycle Management Solutions portfolio, Wincor Nixdorf is presenting itself as an end-to-end supplier for the design of intelligent cash processes. A number of solution scenarios demonstrate how the redesign and automation of cash processes through innovative technologies can significantly increase efficiency, transparency and security. As a result, savings of more than twenty percent in the costs of cash processing can be achieved. Wincor Nixdorf’s approach rests on streamlining cash management in retail stores and banks, but beyond that it intelligently connects cash processes across sectors. The company will therefore present not just concrete solutions for cash processes in bank branches and stores, but also concepts for cross-sector cash cycle management. Read more…

Despite the prevailing market slowdown, financial services community continues its commitment to technology because IT is essential to enable growth, manage risks, and help in aligning with all business lines, customers, partners and external agents.

According to a recent TowerGroup research, the IT spending picture for financial services firms should improve within the next six months. Banks will likely see an upturn in IT spending in the future. An unprecedented growth of over 200% is likely to be seen in Indian Insurance Business by 2010-11, according to an Assocham report. This will see substantial increase in back office and especially IT spending by insurance companies.

Banknet’s Fifth International Bank Tech Summit (IBTS’09) will be organized on 24th September 2009, at Taj Lands End, Mumbai, India. In its fifth edition Banknet’s Annual Flagship Summit will have a Special Focus on Technology in Insurance Sector. Summit will have senior level participants from major Banks, IT Cos, Insurance Cos. & FIs globally.

Source: Banknet India
Read more…

Hello everybody!

We have created a brand new free social network for everyone related to the Automated Teller Machine (ATM) industry.

No matter if you are working in a bank, at a credit card issuer or ATM manufacturer – even if you sell spare parts or repairing services – join us!

Here is the link: http://community.geldautomatenboerse.com/

The meeting point for all ATM professionals!

Source: The Jordan Times

By Mohammad Ghazal

AMMAN – Police have urged the public to be cautious when using automated teller machines (ATMs), after 12 foreigners were arrested this week for committing ATM fraud.

The thieves, who are believed to have been operating in the country for about two weeks, installed card skimmers and small cameras on ATMs around Amman, using these devices to collect customers’ bank card information and withdraw money from their accounts. No figures were available on the amount of stolen money.

The 12 are believed to be part of a network of ATM thieves working in several countries in the region, said Public Security Department Spokesperson Major Mohammad Khatib. Read more…

Wincor Nixdorf, a leading provider of hardware, software and services technology to banks and retailers, has acquired Siemens Inc.’s Information Technology Products & Services (ITPS) Division. The Manila-based company will now be named as Wincor Nixdorf Philippines Inc. and will operate as a full-fledged legal entity under the umbrella of the Wincor Nixdorf Group. The acquisition was effective June 1, 2009.
“Wincor Nixdorf is pleased to become the owner of this business after many years of cooperation with Siemens Inc.’s ITPS Division and is excited about expanding our business and solutions offerings to such a strategically important market,” says Lim Khoon Hong, Asia Pacific President and Executive Board Member at Wincor Nixdorf. Read more…

Title: Wincor World 2010
Location: Germany, Paderborn
Link out: Click here
Description:

Attention: In the text “we” means Wincor-Nixdorf and not cashotec.com

Why not write down the date for Wincor World 2010 now? From January 26 through 28 we will be presenting innovations that can help you shape your future business processes.

We want to show you new solutions to help you master today\’s challenges; solutions that can help you improve your customer relationships and optimize your cost structure. Comprehensive IT solutions for hardware, software, services and consulting: Wincor World 2010 offers a 360° view of our end-to-end portfolio of products and services that are designed streamline the business processes of banks and retail enterprises and make them more efficient.

The trade fair will showcase:

- Automation solutions for branches and stores
- Software platforms and service-oriented IT infrastructures
- Self-service solutions
- Solutions for optimizing the cost structure of IT operations

Wincor World 2010 is the international platform for the exchange of ideas and experiences. The practice-oriented approach of the accompanying series of presentations is again a key aspect of the event. Profit from the know-how of IT users, experts and industry visionaries and utilize this information in your daily business.

For the most up-to-date information on the trade fair and accompanying program please visit this Website.

We look forward to welcoming you to Wincor World 2010!
Start Date: 2010-01-26
End Date: 2010-01-28