NCR and Fujitsu Develop Cash Deposit and Bill Recycling Module for ATMs

Thursday 18 March 2004 15:43 CET | News

NCR and Fujitsu have developed a new cash deposit and recycling module for automated teller machines (ATMs) that provides superior performance and unprecedented levels of availability.

The new module is the first commercial result of a strategic alliance under which NCR and Fujitsu are pursuing collaborative research and development and supply of products and technology. The new module provides sophisticated bill-validation and cash-recycling functionality that can be flexibly adapted to meet the requirements of particular national or regional markets and customers. Enabling deposited, validated and sorted notes to be dispensed to customers making cash withdrawals, the module has the capability to make bunch-note acceptance and validation available for up to 200 notes, with support for multicurrency deposits and cassette-based note storage for up to 9,200 notes. Fujitsu will manufacture the new module for both companies respective ATM product offerings, which they will continue to distribute, sell and service separately. Fujitsu and NCR are continuing to explore further areas of ATM technology collaboration and believe that combining their complementary development strengths will enable them to bring competitive self-service terminals with leading-edge functions to market more quickly and economically.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce