Automatia, a Finland-based IT firm, is set to deploy 150 Wincor Nixdorf CINEO cash recycling terminals in Finland in February 2014.
The move by Automatia is to offer more services to customers while trying to lower the process costs. Automatia operates ATM network of ten Finnish banks under the Otto brand.
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Since the spring of 2013, Automatia has been testing the CINEO Cash Recycling systems for incorporating recycling cash facility in the machines. In the mean time, Automatia also integrated the systems with coin deposit modules.
Cash recycling ATMs offer many benefits such as reduction in handling cash and coins in bank branches, and immediate crediting of the deposited notes and coins.
Wincor Nixdorf will install the hardware, oversee systems maintenance, and develop and maintain the software.
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