Wincor Nixdorf to provide 600 ATMs for Turkish post offices
Turkish Postal Service PTT is extending its network of automated teller machines, signing up manufacturer Wincor Nixdorf to provide 600 new units.
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ToCOSS calculates Total Cost of Ownership for self-service networks
How high are the costs for a bank’s self-service infrastructure over the entire product lifecycle? A new analysis tool from Wincor Nixdorf provides the answer. It calculates and analyzes the costs of implementing, maintaining and operating complex self-service solutions made up of hardware, software and services.
The tool – ToCOSS: Total Cost of Ownership for Self-Service Retail Banking – examines costs for everything from end-user devices to central systems in the background. It outlines a number of investment scenarios built around an array of parameters. Based on factors that include the cost of acquiring new hardware or software, integration costs, the expense of operating the data center or maintaining and monitoring the various systems, for example, ToCOSS then calculates the costs for the entire product lifecycle of a self-service network (TCO – Total Cost of Ownership).
The new tool is useful whenever banks are planning investments in their self-service networks – in hardware, but particularly in the integration of new software. It helps banks forecast what impact migration to new multivendor applications or integration in multichannel architectures will have on TCO.
The bank’s IT managers can then base their decisions on solid analyses. The TCO analysis delivers investment protection, creates cost transparency and identifies savings potential.
Read MoreWincor Nixdorf takes over majority stake in IT services provider prosystems and expands outsourcing portfolio
Effective retroactively from January 1, 2008, Wincor Nixdorf AG has assumed a majority stake and the operative management of prosystems IT GmbH. prosystems, which is headquartered in Bonn, specializes in the provision of IT services in the Sparkassen environment. This new stake is part of Wincor Nixdorf’s targeted expansion of its activities in the area of IT operations management for retail banking. “We’ve seen that the trend toward outsourcing and automation in retail banking continues. So we’re strengthening our outsourcing portfolio with prosystems IT. We already have customers in this area, but we want to attract additional banks with our portfolio so that we can continue to grow,” explains Eckard Heidloff, President and CEO of Wincor Nixdorf AG. For Wincor Nixdorf, this is the second joint venture specializing in the operational management of information technology for branch-related processes.
prosystems IT was created in 2004 when the IT operations of two savings banks, Stadtsparkasse Köln and Kreissparkasse Köln, were merged with the subsidiary of the now amalgamated Sparkasse Bonn and Kreissparkasse Siegburg, PROSERVICE GmbH, and with the SDZ Sparkassen-Dienstezentrum, a savings bank service center. The participating Sparkassen have outsourced large parts of the operational management of their IT to prosystems IT.
prosystems has 223 employees and had sales last fiscal year of approximately 43 million euros.
In the future, Wincor Nixdorf will hold 51% of the interests in prosystems. The remaining interests will be held by Kreissparkasse Köln (20.17%), by Sparkasse KölnBonn (26.38%) and by SDZ Sparkassen-Dienstezentrum (2.45%), which itself is the subsidiary of the savings banks Verbandssparkasse Goch, Sparkasse Wiehl, Stadtsparkasse Wermelskirchen, Stadtsparkasse Bad Honnef and Kreissparkasse Düsseldorf.
Read MoreWincor World 2008: a successful demonstration of solution expertise
Wincor World 2008, which was staged in Paderborn from January 29 to 31, once again attracted more than 7,000 visitors from all over the world. Immediately after the event, the organizers were able to draw a favorable conclusion in every respect as regards this three-day in-house trade fair: Wincor World has established itself even more as an international get-together for experts from the banking and retail industries. And to an even greater extent than in previous years, the exhibits and presentations succeeded in illustrating how customary processes at bank branches and retail stores can be overhauled and streamlined with cutting-edge information technology.
“Feedback from our customers confirms that it was the right decision to expand our portfolio to include additional and more sophisticated services,” said Andreas Bruck, Head of Corporate Communication at Wincor Nixdorf. He added that IT decision-makers from all around the world had registered the company’s shift from a pure hardware vendor to a provider of integrated solutions for transforming branch and store business. “More and more, our relationships with customers have taken on the quality of a discussion between partners regarding solutions that combine hardware, software and service to make entire processes more customer-friendly and efficient,” continued Bruck.
Wincor Nixdorf and 60 partner exhibitors presented product, software, consulting and other services not just for banks and retail companies, but also for postal companies, operators of restaurant chains or canteens and lottery companies. In all, around 600 different exhibits could be seen across an area of 7,000 square meters. The concept of offering not just an exhibition at the newly designed trade fair center, but also a program of presentations and workshops, once again proved its value.
Read MoreWincor Nixdorf and DigitalPersona Partner for retail POS systems
Wincor Nixdorf has formed a partnership with globally-recognized biometric authentication solutions provider DigitalPersona to set new standards for POS technology.
Through this alliance, Wincor Nixdorf and DigitalPersona are able to provide advanced POS solutions to their respective clients by incorporating DigitalPersona’s biometric fingerprint solution into Wincor Nixdorf’s TP.net POS software platform. With this integrated solution in place, retail employees can log in and out of each shift, sign on to casher’s stations and log into back office terminals by simply scanning their finger, eliminating the need for employee badges, sign-on cards and all hardware associated with these items. The technology also enables retailers to more accurately monitor employee behavior, decrease payroll fraud and maintain timekeeping integrity in their stores.
Wincor said additional benefits to retailers incorporating this integrated solution include:
Providing a more secure network by using fingerprint authentication rather than static numerical pass codes or key entry for various managerial tasks.
• Significantly increasing the speed of each transaction throughout a retail chain, ultimately delivering a strong ROI.
• Eliminating “buddy punching”
• Reducing shrink opportunities
• Improving overall profitability/return on investment
• Achieving regulatory compliance (PCI, SOX)
• Gaining credible evidence for lawsuits
“By adding fingerprint authentication to Wincor Nixdorf’s TP.net solution, retailers improve their profitability, gain greater accountability and simplify compliance efforts,” said Jim Fulton, vice president of marketing at DigitalPersona. “In addition, employees enjoy the ease and convenience of not having to carry keys or swipe cards.”
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