Above: The intelligent cash recycling module installed inside the ATM (right)

For the first time, GRGBanking had its intelligent cash recycling module used in Germany on December 7, 2012. The module was installed in the ATM of Cash Management Innovation (CMI) and will serve in a casino in Germany.

The machines will help the local casinos to re-organize their cash management and bring convenience to casino guests who need access to cash for the gaming machines.

The intelligent cash recycling module is designed to provide the highest and uptime in the market with a minimum in maintenance needs. It is supporting 64 denominations at one time with high validating speed and offering up to 4 recycling cassettes plus one multifunctional acceptance cassette. OCR technology enables to record and recognize note's serial number to make transactions more secure and to avoid any disputes.

Hendrik Eckholt, Country Manager for Germany, said "this first installation in Germany is a really important step and a big success for GRGBanking because it simply shows that our equipment meets the local requirements and works well in a country like Germany. GRGBanking is happy that we could win CMI a partner for this long-term oriented project."

Although started since 2011 , GRG's OEM business has been co-operating with over 20 customers in South America, Asia, Europe and Middle East, bringing convenience to users in retail banking, gaming, parking, vending and transportation.

About GRGBanking

GRGBankingis a leading provider of currency recognition and cash processing solutions in the global market with great potential and rapid development. GRG specialize in the development/ manufacturing of Automatic Teller Machine (ATM) for financial institutions and retailers, Automatic Fare Collection (AFC) devices for railway or underground systems, as well as other currency recognition and cash processing equipment, modules and systems for over 20 years. Besides, GRG various Multi-Channel Software Solutions and Services cover the needs of the financial industry, retail, transportation, payment, self-service, cash automation, cash management outsourcing and managed services, customized for different customers around the world.

About CMI

CMI, which stands for Cash Management Innovation, is based at Bottrup, not far from Düsseldorf and was formed 12 years ago by partners Manfred Potokar and Enrico Anson. The German company produces cash recycler and dispenser for the casino environment.



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