Further milestone on the way to standardizing banknote storage

BANQIT AB integrates intelligent cassette technology from Wincor Nixdorf

(PresseBox) ( Paderborn, )
Cash solution provider BANQIT AB will in the future use the CINEO banknote storage technology from Wincor Nixdorf in its Q-CashRouter, as a complement to its own cash recycling technology. A strategic co-operation agreement has been signed by the two companies. This makes the Swedish company the second alongside Giesecke & Devrient to use the intelligent cassettes and the Cash Cycle Management Solution concept from Wincor Nixdorf.

"The use of Wincor Nixdorf's cassette technology by another vendor marks a further milestone on the way to standardizing banknote storage solutions," said Mr. Hans-Gunther Voss, Vice President of Research and Development at Wincor Nixdorf. Cassettes from Wincor Nixdorf's CINEO system generation can already be exchanged between ATMs, cash recycling systems, automated teller safes and retail systems. For example, the full cassettes from automated teller safes where deposited transactions dominate can be used in automated teller machines without the need for intermediate processing. The integration of these cassette technology in a processing system for cash centers has been presented by technology provider Giesecke & Devrient in January 2011.

"Wincor Nixdorf's intelligent CINEO cassette technology integrated in the Q-CashRouter, with its four customer fascias for simultaneous multiple transactions at high-volume locations, offers banks key benefits such as lower cash handling costs, improved processes and better security," commented Mr. Leif Lundblad, CEO and founder of BANQIT AB. Mr. Lundblad is an industry innovator who has invented many of the cash dispensing technologies used in automated teller safes and ATMs.

"BANQIT's decision to use the CINEO cassette technology is yet another step toward the standardization required by banks as well as central banks. Standardization is an important prerequisite for cutting costs and optimizing processes across the entire cash supply chain," explained Mr. Hans-Gunther Voss at Wincor Nixdorf.

The Q-CashRouter from BANQIT is a unique "high-end" cash recycler solution for locations with a high volume of banknotes. It has four customer fascias combined in one solution,all of which can be processed simultaneously. Other unique features are the SealPack and ink dye note detection technology.

CINEO is the new system generation from Wincor Nixdorf comprising cash recycling systems, ATMs, automated teller safes and transaction terminals, and is part of the revolutionary Cash Cycle Management Solutions portfolio. CINEO sets new standards in performance, security, serviceability and optimized cash processes due to the intelligent end-to-end cassettes that enables cash transfer between different cash points.


BANQIT develops, manufactures and markets self-service equipment including "high-end" cash recycling solutions to retail banks, retailers and CiT companies. BANQIT is based in Kista, Sweden. Mr. Leif Lundblad is the owner and CEO of the company.

This document contains forward-looking statements that are based on current estimates and assumptions made by the management of Wincor Nixdorf AG to the best of its knowledge. Such forward-looking statements are subject to risks and uncertainties, the non-occurrence or occurrence of which could cause the actual results - including the financial condition and profitability of Wincor Nixdorf - to differ materially from or be more negative than those expressed or implied by such forward-looking statements. This also applies to the forward-looking estimates and forecasts derived from third-party studies. Consequently, neither the Company nor its management can give any assurance regarding the future accuracy of the opinions set forth in this document or the actual occurrence of the predicted developments.
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