Wincor Nixdorf receives Red Dot Design Award for new automated teller machine

Paderborn, Germany, 2016-May-02 — /EPR Retail News/ — Wincor Nixdorf has received the renowned Red Dot Design Award for a new automated teller machine at which customers can withdraw cash via a smartphone or NFC card. The Red Dot Design Award is conferred by Design Zentrum Nordrhein-Westfalen and is one of the most prestigious design competitions in the world. In awarding the Red Dot for the innovative CINEO C2020 ATM, Design Zentrum Nordrhein-Westfalen has again recognized Wincor Nixdorf’s outstanding design skills. Wincor Nixdorf has received numerous distinctions in previous years for the design of its automated teller machines, cash recycling systems, and self-service terminals.

This time, the award went to an ATM that has been designed mainly with digital natives in mind. At the CINEO C2020, smartphone users can initiate cash withdrawals via an app that features the branding of the bank they use. The advantages of this new system are that cash is dispensed quickly in a convenient and secure way and that it can also be dispensed to third parties. For banks, certification and integration of the new systems in their existing networks is extremely simple since the CINEO C2020 uses standard software technology.

Banks everywhere are responding to digitalization by integrating mobile technologies into all their customer channels. When banks enable cash withdrawals at their ATMs via smartphone, they present themselves as innovative financial institutions that keep up with today’s trends, and increase the likelihood that smartphone users among their customers will perceive them as attractive financial partners.

The smart ATM is operated via a mobile banking app that Wincor Nixdorf provides to banks. With this app, bank customers can already choose the account and the amount they want to withdraw while they are on their way to the ATM. They then receive a QR code, which they scan at the ATM’s QR code scanner to identify themselves. NFC technology is also available for authentication as an alternative to the QR code. When cash is withdrawn using an NFC card, bank customers enter their PINs using a special encrypting touch sensor.

In addition to its modern operating concept, this smart ATM benefits users with its fast, convenient and secure transaction processing. And since the system has a contactless reader and an encrypted touchscreen for PIN entry, the risks of card trapping and skimming attacks are eliminated.
This year, a record number of over 5,200 products from 57 nations were assessed in the Red Dot competition. The Red Dot jury consisted of independent designers, design professors and trade journalists.

Press Contact

Press/Financial Press

Andreas Bruck
Head of Corporate Communications
Phone: +49 5251 693 5200
E-Mail: andreas.bruck@wincor-nixdorf.com

Press/Trade Press

Dr. Thomas Daubenbüchel
Head of Press and Editorial Office
Phone: +49 5251 693 5212
E-Mail: thomas.daubenbuechel@wincor-nixdorf.com

Ulrich Nolte
Phone: +49 5251 693 5211
E-Mail: ulrich.nolte@wincor-nixdorf.com

Trade Press

Claudia Wendorff-Goerge
Phone: +49 5251 693 5203
E-Mail: claudia.wendorff-goerge@wincor-nixdorf.com

AGS Transact Technologies installs 50,000th Wincor Nixdorf automated teller machine at an Indian bank

AGS installs 50,000th automated teller machine from Wincor Nixdorf in India

Paderborn, GERMANY, 2016-Jan-19 — /EPR Retail News/ — AGS Transact Technologies and Wincor Nixdorf have two good reasons to celebrate: AGS has installed the 50,000th Wincor Nixdorf automated teller machine at an Indian bank, and the new collaboration model involving Wincor Nixdorf and AGS was recently launched. The aim of this partnership is to jointly develop and locally produce an ATM model by AGS that has been customized to meet the needs of rural areas. Both companies signed a framework agreement in September covering the partnership. Under the agreement, Wincor Nixdorf will supply key system components that will be used to produce 40,000 systems over the next two years. Shipment of the first 1,000 system components signaled the start of local production by AGS.

“In the past ten years, we have been able to provide all leading banks with best-in-class ATM technology thanks to our strong relationship with AGS in the critically important Indian market,” Eckard Heidloff, CEO and President of Wincor Nixdorf AG, told banking representatives in Mumbai. The support provided by AGS and Wincor Nixdorf enabled the banks to set up a stable self-service infrastructure, Heidloff noted. “The start of production for the new ATM model marks the beginning of a new chapter for us. Our collaboration lends new momentum to the Financial Inclusion Initiative introduced by the Indian government and facilitates the provision of financial services, particularly in rural areas,” Heidloff said.

Ravi B. Goyal, Chairman and Managing Director of AGS Transact Technologies, said: “Our company is a reliable, highly capable technology partner for banks for over a decade now. This collaboration, under the “Make in India” initiative backed by the Government of India, will help us to provide our customers with a tailored, robust product, thereby enabling them to provide a payments service infrastructure in the remotest parts of India.”

The locally produced ATMs, once installed, will help increase access to financial services in rural and metropolitan areas of India. Wincor Nixdorf and AGS Transact Technologies have been driving forces behind the dynamic growth of India’s ATM market. An analysis conducted by the British market research firm RBR shows that Wincor Nixdorf ranked among the top three in the market with an installed base of about 23 percent of ATMs in 2014. RBR projects that India will become the world’s second-largest ATM market, behind China, by 2020. The key reasons for this expansion are rapid population growth and financial inclusion projects initiated by the Indian government.

Press Contact

Press/Financial Press

Andreas Bruck
Head of Corporate Communications
Phone: +49 5251 693 5200
E-Mail: andreas.bruck@wincor-nixdorf.com

Press/Trade Press

Dr. Thomas Daubenbüchel
Head of Press and Editorial Office
Phone: +49 5251 693 5212
E-Mail: thomas.daubenbuechel@wincor-nixdorf.com

Ulrich Nolte
Phone: +49 5251 693 5211
E-Mail: ulrich.nolte@wincor-nixdorf.com

Trade Press

Claudia Wendorff-Goerge
Phone: +49 5251 693 5203
E-Mail: claudia.wendorff-goerge@wincor-nixdorf.com