Wincor Nixdorf Reaches New Level of Evolution in CCDM Technology

April 20, 2011 - PRLog -- Wincor Nixdorf Reaches New Level of Evolution in CCDM Technology

AUSTIN, Texas – April 20, 2011 – Wincor Nixdorf Inc., one of the world’s leading providers of IT solutions and services to retail banks and retailers, today announced that the company has reached a new milestone concerning its leading Cash/Check Deposit Modules (CCDM) technology. The company’s modules that allow for the deposit of bundles of banknotes and checks at ATMs will benefit from enhanced security and greater availability, ensuring improved transaction volumes.

Since 2002, Wincor Nixdorf has installed more than 11,000 CCDMs at banks in the US and nearly 40,000 worldwide, making it the world’s leader in systems with modules for bundle processing of banknotes and checks.

“We’ve pooled all our experience from customer projects in 70 countries to develop an enhanced solution,” said Alan Walsh, executive vice president of Wincor Nixdorf’s U.S. Banking Division.

By optimizing the mechanical processing of notes and checks, the system’s developers succeeded in reducing jam rates by up to 25 percent, thereby further improving system availability. In addition, further developments of the software ensure counterfeit banknotes are recognized more reliably and quickly and can be removed from circulation.

“The rapid optimization carried out by our R&D team was possible because both the hardware and software are developed in-house, and are designed to work together, Mr. Walsh added. “The goal of the improvements is to increase the overall transaction volume on each system through higher availability, and ultimately enhance customer satisfaction.”

Intelligent deposit systems from Wincor Nixdorf streamline the entire cash and check handling process. Cash and checks are first authenticated using state-of-the-art image processing technology. The entire posting process that follows is automated, eliminating the need for manual processing.

According to US-based analyst Tower Group, every ATM envelope deposit costs $1.70, while every transaction at the bank teller costs US$1.40.  In contrast, checks deposited in bundles via a Wincor Nixdorf CCDM system are automatically scanned, reducing the bank’s costs to just US $0.40 per transaction.

A recent survey conducted by Wincor Nixdorf revealed consumers prefer to use ATMs for their banking transactions. Seventy-four percent of respondents hope that one day their ATM will offer all of the functionality and services as their teller, and 88 percent of consumers would like to select the combination of notes denominations for ATM withdrawals.

About Wincor Nixdorf
Wincor Nixdorf is one of the world’s leading providers of IT solutions and services to retailers and retail banking. In the retail banking market, the company provides services and solutions to 20 of the world’s top 25 banks, among others.  Wincor’s portfolio of hardware, software, maintenance, services and consulting solutions is directed toward continual refinement, automation, and monetization of the retail banking process, while also focusing on enhancement of the customer experience.

In January 2010, Wincor Nixdorf introduced its new, technologically advanced CINEO family of solutions. CINEO’s hardware, software, services and consulting offerings comprise the world’s first integrated technology solution, from any manufacturer, that is designed to provide unprecedented levels of security and cost savings while giving financial institutions and retailers comprehensive cash auditing capabilities across diverse business sectors.  

Wincor Nixdorf has a presence in more than 100 countries and annual sales revenue of more than $3 billion. Headquartered in Paderborn, Germany, with manufacturing plants there and in Singapore, the company’s U.S. operations are based in Austin, Texas. For more information, visit www.wincor-nixdorf.com/usa.

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About Wincor Nixdorf
Wincor Nixdorf is one of the world’s leading providers of IT solutions and services to retailers and retail banking. In the retail banking market, the company provides services and solutions to 20 of the world’s top 25 banks, among others. Wincor’s portfolio of hardware, software, maintenance, services and consulting solutions is directed toward continual refinement, automation, and monetization of the retail banking process, while also focusing on enhancement of the customer experience.

Wincor Nixdorf has a presence in more than 100 countries and annual sales revenue of more than $3 billion. Headquartered in Paderborn, Germany, with manufacturing plants there and in Singapore, the company’s U.S. operations are based in Austin, Texas. For more information, visit www.wincor-nixdorf.com/usa.