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May 25, 2012 07:32 pm US/Eastern
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4-Traders Homepage  >  Shares  >  SHENZHEN STOCK EXCHANGE  >  GRG Banking Equipment Co., Ltd.    002152   CNE100000650

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GRG Banking Equipment Co., Ltd. : GRG ATM Certified by German Banking Industry Committee

12/21/2011 | 04:16am

On 6th December 2011 Die Deutsche Kreditwirtschaft (DK) had officially certified the DT-7000 ATM series of GRGBanking. Die Deutsche Kreditwirtschaft which literally means "German Banking Industry" and is previously known as Zentraler Kreditausschuss (ZKA) is operated by the central associations of the German banking industry. In total the committee represents more than 2,300 banks in Germany. By passing this certification GRGBanking is allowed to run their ATMs in the territory of Germany. This step underlines once more GRGBanking's global and European expansion.

The certified GRGBanking ATMs are including the H22N, H22NL, H38N, H38NL, H38N-XDM, H38NL-XDM, H38HD, H46N, H68N, H68NL, E800L and E300L. The full range of products is also compliant with the industrial standards like PCI, EMV, UL, FCC, CE, CB, C-TICK and RoHS.

Hendrik Eckholt, Regional Sales Manager and Project Manager of GRGHK, said that the company's products successfully passed the security evaluation and all 2200 functional tests which are required by the Committee. "The results show that our Made-in-China products represent a high quality in the global banking industry and will assure the confidence of our partners and customers regarding the co-operation with us."

As the leading currency recognition and cash processing solutions provider in the global market, GRGBanking partnered with LM Software GmbH, a German-based banking software and solution provider, to realize this project. Together both companies have managed to integrate the LM client application including the EMV-kernel into the GRGBanking hardware and on top of their XFS interface within only six weeks.

Robert Höpfner, General Manager of LM Software GmbH, said: "Due to very good teamwork between the developers on both sides and the alliance of hardware know-how and special knowledge of the German market by LM Software GmbH we processed positively." LM Software develops device-independent software for the periphery of banks, insurance companies and industry.

Furthermore and to combine the global experience of GRGBanking and local German know-how the ATMs are certified with VeriFone's Encryption Pin Pad (EPP V5 PCI).


 
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