PADERBORN, Germany — Wincor Nixdorf has become one of Deutsche Bundesbank's first certified partners for its Cash Electronic Data Interchange project known simply as CashEDI.
According to a news release, the new system allows Bundesbank to offer its partners electronic support for cash deposits and collection processes.
The system offers an end-to-end solution that reaches from the terminal to banknote acceptance and payout, putting Wincor Nixdorf in a position to provide greater transparency for its customers, minimize the risks involved and reduce cash-handling costs. The system means faster cash delivery and collection processes for cash-in-transit companies and improved transparency in view of the high cash losses suffered in Germany's cash and valuables transportation industry.
Wincor Nixdorf can now provide information to the bank about cash collection, and returns will be exchanged electronically in real time, providing enhanced transparency and security throughout the cash cycle.
Electronic communication with the central bank takes place over the CashEDI interface, which is now integrated in the order-processing function for Wincor Nixdorf's cash replenishment and pick-up service. Bundesbank branches assign a barcode and timestamp to each cash-in or cash-out transaction, and provide their partners with information about the current status of their cash.
