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Cash recycling ATM handles multiple currencies

Oki Electric Industry : 25 November, 2009  (New Product)
Bank notes of multiple denominations and currencies can be deposited and withdrawn using the ATM-Recycler G7 recycling teller machine from OKI
OKI Electric Industry has developed the ATM-Recycler G7, a cash recycling ATM for the worldwide market that enables banknotes from multiple currencies to be handled by a single ATM.

In addition to OKI's achievements as a leading industry expert on ATMs deployed in the Japanese market, it has already gained a strong sales track-record in other Asian markets including China and Korea. By adding ATM-Recycler G7 to its product portfolio, OKI plans to start selling ATMs to the wider market. Shipments and sales are scheduled in March 2010, starting with the Chinese market.

In recent years, the replacement of cash dispensers with cash recycling ATMs, which allow banknotes to be deposited, has increased, not only in Japan but also in China, Korea and other parts of Asia. OKI has launched a multifunctional ATM, ATM21S and a space-saving ATM21SX for these markets and has achieved some significant successes.

In line with this growing demand in Asian markets, demand for cash recycling ATMs has also been increasing in Europe and the Americas and it is expected that the replacement process will accelerate. To capitalize on this market trend, OKI has developed a cash recycling ATM, ATM-Recycler G7, which enables banknotes of multiple currencies to be handled within one ATM and it is targeting the new product at financial institutions and convenience store markets worldwide.

"OKI has developed ATM-Recycler G7 - a high-performance, high-quality, and high-productivity cash recycling ATM, based on its long experience and extensive achievements in the Japanese, Chinese and Korean markets." says Takao Hiramoto, Executive Officer and General Manager of Systems Hardware Business Division at OKI. "OKI plans to become a top cash recycling ATM vendor as well as helping to improve their business efficiency by proactively targeting the product at financial institutions and convenience stores."

Major Characteristics of ATM-Recycler G7:

1 Handling with banknotes from multiple currencies worldwide

ATM-Recycler G7 can handle banknotes of multiple currencies even where those notes have different sizes, designs, and security information. Banknotes from multiple currencies can be handled in a single ATM. OKI has plans in place to ensure that "ATM-Recycler G7" is compatible with the European Central Bank's banknote recycling framework for Euro banknotes, ECB Article 6.

2. High performance and reliable new banknote recycling module. ATM-Recycler G7 realizes shortened banknote processing time and high reliability. The visibility of the remaining banknotes has been improved to allow for easy maintenance.

3. High capacity - It can hold up to 16,200 banknotes, which positions it in the top tier of the cash recycling ATM industry.

4. Low energy consumption and reduced weight - The new product helps to reduce the environmental impact through low energy consumption both in stand-by mode and in operation, and also through a reduction in weight.

5. High quality - The ATM realizes high quality through developing and manufacturing the main parts, from components to the final product, centralized at OKI.

6. Security features - As a standard, it is also equipped with a uniquely-formed card slot and a sensor to detect parts used for skimming. The product can be equipped with a cover that can be drawn over the personal identification number (PIN) input panel to prevent unauthorized individuals from reading the number.
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