In yet another step to move towards being a cashless society and reduce the cost of handling cash, improve security and bring in cash transparency, Wincor Nixdorf, a leading global provider of innovative IT solutions to retail banks and retailers, has launched a new solution in India on Thursday. The solution will minimise employees contact with cash and will also reduce cash handling costs by over 20%.
Cash Cycle Management Solutions is the first-of-its-kind combination of hardware, software and serviceso automate cash processes in banks branches and retail stores and to shorten the cash logistics chain within these industries. It offers banks and retailers optimal cash transparency, improved processes and maximum security,? said Ricardos Khoury, Asia Pacific vice-president and Head of Banking, Wincor Nixdorf.
At its annual Wincor World 2011 held in Paderborn recently, the company presented additions to the portfolio.
