Oki Launches Cash Recycling in Europe

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Oki’s ATM-Recycler G7 is now available in Europe and America. The ATM can handle banknotes from multiple currencies.
 
In recent years, the replacement of cash dispensers with cash recycling ATMs, which allow banknotes to be deposited, has increased, not only in Japan but also in China, Korea and other parts of Asia. Oki has launched a multifunctional ATM, "ATM 21S" and a space-saving "ATM21SX" for these markets and has achieved significant successes.
 
In line with this growing demand in Asian markets, demand for cash recycling ATMs has also been increasing in Europe and the Americas and it is expected that the replacement process will accelerate. To capitalise on this market trend, OKI has developed a cash recycling ATM, "ATM-Recycler G7", which enables banknotes of multiple currencies to be handled within one ATM. This ATM is targeted at financial institutions and convenience store markets worldwide.
 
"OKI has developed ‘ATM-Recycler G7’ - a high-performance, high-quality, and high-productivity cash recycling ATM, based on its long experience and extensive achievements in the Japanese, Chinese and Korean markets." says Takao Hiramoto, Executive Officer and General Manager of Systems Hardware Business Division at OKI. "OKI plans to become a top cash recycling ATM vendor as well as helping to improve their business efficiency by proactively targeting the product at financial institutions and convenience stores."
 
Main Features of "ATM-Recycler G7"
 
Handling banknotes from multiple currencies.
 
The ATM-Recycler G7 will be compatible with the European Central Bank’s banknote recycling framework for euro banknotes. The ATM adopts a line form instead of a spot form for the sensor which reads this information. This enables precise reading of security information, (located in different places on the note depending on the country of origin), with the same banknote recognition unit.
 
In addition, with the newly developed banknote recycling module, the ATM can handle banknotes of different sizes. As a result, it can also manage banknotes from multiple currencies simply by altering the banknote recognition software, thus eliminating the need to change the hardware. The banknote recognition software can also correspond to multiple currencies simultaneously, enabling currency exchanges to take place.
 
High performance and reliable new banknote recycling module
 
OKI has recently developed a new part that switches banknote transportation direction which has been integrated with the banknote recycling module. This enables the transportation route of the banknotes to be optimised. In turn, this results in a reduction in banknote route length of 45% compared to the conventional route. In addition, the number of operational sites has been reduced.
 
For this reason, the time required to process banknotes has been reduced. In addition, since the visibility of the remaining banknotes has been improved, their whereabouts can be easily pinpointed even when banknotes are left behind in the unit. This results in an ATM that is easier to maintain.

High capacity: holds up to 16,200 banknotes
 
The ATM-Recycler G7 can be equipped with a maximum of five recycling cassettes that can hold up to 3,000 banknotes and two multi-purpose cassettes that can hold up to 600 banknotes, depending on purpose - storing rejected banknotes, retracted banknotes and counterfeit banknotes – for example. This enables the whole system to hold up to the industry maximum number of 16,200 banknotes.
 
Low energy consumption, both in stand-by mode and in operation, and reduced weight reduces environmental impact
 
Since the banknote transporter route has been shortened, there are fewer loads on the driving parts and energy consumption during operation is reduced. Moreover, the banknote recycling module and banknote recognition unit have their own low energy modes, cutting down power consumption and enabling low energy consumption during stand-by. In addition to the shortened banknote transporter route, the ATM's weight has been reduced by re-examining the structure of each unit.
 
High quality through development and manufacturing, all centralised at Oki
 
Oki manufactures electronic parts including sensors and motors as well as the central parts for ATMs such as power units, control units, banknote recycling modules and banknote recognition units.
 
Security features
 
The ATM is equipped as standard with a card slot and sensor to detect components used for skimming. The ATM can be further equipped with a cover over the PIN input panel.
 
Oki aims to sell 140,000 units within five years of launch date in March 2010.