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Wincor Nixdorf has extended the payment systems terminals by the MEI Banknote recycling system, a move which will allow Wincor to offer a more scalable solution to keep up with customer demands, according to a news release.
The MEI BNR, which is an abbreviation for bank note recycler, utilizes notes collected from customers in previous transactions to lower a store's cash float while simultaneously offering efficiencies across the entire cash management process, the release said.
The product's unique architecture — featuring a 600-note cashbox to store notes for bank deposit, a 250-note loader to supply additional quantities of notes that are heavily used and four-denomination recycling – was designed specifically for automated checkout. Retailers have reduced cash float by 90 percent while minimizing machine downtime to either refill dispensers or remove full cashboxes, the release said.
And, because the BNR uses notes provided by customers, retailers can streamline back office operations and costs associated with transportation to the bank.
"Wincor Nixdorf is constantly striving to expand its automated checkout product portfolio to offer our customers the most efficient product," said Mark Brew, Wincor Nixdorf strategic purchasing manager. "The BNR allows us to offer the benefits of four-denomination note recycling technology at an overall unit cost that offers retailers an attractive payback."
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