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Wincor Nixdorf to use MEI banknote recycling systems in retail checkout lanes

March 21, 2014

Wincor Nixdorf is to use the MEI BNR banknote recycling system in its retail payment terminals.

"The decision by Wincor Nixdorf to specify the MEI BNR reinforces the value that cash-recycling offers automated checkout lanes," Tom Nugent, Crane Payment Innovations' president, gaming and retail, said in a statement.

Malvern, Pa.-based Crane Payment Innovations is part of Crane Co., a manufacturer of highly engineered industrial products, which has used its acquisition of MEI to launch CPI.

The MEI BNR 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, CPI says.

The product's 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 consistently have reduced cash float by 90 percent while minimizing machine downtime to either refill dispensers or remove full cashboxes, CPI says. Because the BNR uses notes provided by customers, retailers can streamline back-office operations and costs associated with transportation to the bank.

"Wincor Nixdorf constantly strives to expand its automated checkout product portfolio to offer our customers the most efficient product," Mark Brew, Wincor Nixdorf's strategic purchasing manager, said in a statement. "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."

"Wincor Nixdorf and MEI will enter into a cooperative effort centered around the BNR that will result in compact, powerful and economical retail solutions, especially for the North American market," said Gerhard Schiller, Wincor Nixdorf's vice president, global head of product line retail automation.

MEI offers a full range of note processing solutions to the retail market. Its SC Advance solution has become the standard product in automated checkout lanes that utilize separate devices to accept and dispense notes, according to the company.