Wincor Nixdorf and Brinks Deutschland expand cooperation in cash cycle management processes
Date: Dec 21, 2012
Categories: Technology & Operations
Keywords: Wincor Nixdorf, Brinks Deutschland
December 18th 2012 - Wincor Nixdorf and Brinks Deutschland have agreed to expand their cooperation in order to increase the efficiency of cash handling processes for banks and retail companies. As part of Wincor Nixdorf’s cash-in-transit (CIT) partnership model of Brinks supports the jointly set up processes for Cash Cycle Management Solutions (CCMS).
The cooperation means that bank and retail customers will in future enjoy the benefits of a compliant and transparent cash order management with standardized interfaces and processes on the basis of the CashEDI (Cash Electronic Data Interchange) process that will become mandatory in Germany as of January 2013. CashEDI optimizes the cooperation between the Deutsche Bundesbank and financial institutes by means of electronic business processing relating to the notification of cash deposits or cash orders.
Introduction of the branch cycle based on CINEO technology and standardized cash cassettes that can be exchanged between all CINEO systems delivers economic benefits for all participants in the cash cycle. As a cash-in-transit company, Brinks is regularly onsite in bank branches and retail stores and in future will, among other things, exchange cash cassettes between cash dispensers, cash recycling systems and automated teller safes in branches and stores so as to achieve ideal balance of cash. As a result, the amount of cash transported per branch or store will be reduced.
In addition, access to the systems, which is controlled by Wincor Nixdorf by means of electronic locks, becomes easier, faster and more secure. Codes that are generated automatically and are valid once only allow to determine precisely who is authorized to open a system and who has opened it last time and when. Further process improvements result from faster servicing, since technicians can directly open and service systems and terminals that have electronic locks instead of having to wait for the key.
“Two powerful partners are intensifying their cooperation for improved cash processes. As a result, our customers can rely on processes that create a high degree of transparency, maximum security and automated standards, as well as continuous savings potential,” states Ralf Koritzius, Vice President Services for Germany, Austria and Switzerland at Wincor Nixdorf.
Re-disseminated by The Asian Banker