Oki enhances features on ATM-Recycler

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In response to the globalizing economy and demand for expanded ATM services, Oki will quadruple the number of banknote denominations that can be handled by ATM-Recycler G7, enhancing its currency exchange and public utility payment functions and services. Efforts to expand product sales will primarily target rapidly growing emerging markets. The company targets cumulative sales of 140,000 units by fiscal 2014 (including sales of the earlier model).

According to Shinya Kamagami, Executive Officer and General Manager of Systems Hardware Business Division, Oki has provided the ATM-Recycler G7 cash-recycling ATM since March 2010 for the worldwide market, including China. The ATM-Recycler G7 handles banknotes in multiple currencies.

“The ATM-Recycler G7 offers enhanced functions and handles 128 banknote denominations, expanded from 32,” said Kamagami. “It accurately recognizes and precisely transports 128 denominations of varying sizes, thicknesses and materials.”

The enhanced version of the ATM-Recycler G7 adds coin withdrawals, contactless IC card reader/ writer, and barcode reading functions. In addition to banknote deposits and withdrawals, it provides services such as exchange between multiple currencies and payments for public utilities invoices, including payment services for users who do not have bank accounts. This versatility allows use of one unit across multiple countries, making it ideal for financial institutions planning wider deployments.