January 2013, GRGBanking ATM portfolio was certified to support German electronic purse “GeldKarte” in Germany. The certificate is issued by the German Banking Industry Committee, which certified the same ATM Portfolio of GRGBanking in 2011 to support cash withdrawal with Girocard and other bank cards based on the German regulations and standards.
The ATM portfolio of GRGBanking includes the model of H22N, H22NL, H38N, H38NL, H38N-XDM, H38NL-XDM, H38HD, H46N, H68N, H68NL, E800L and E300L. The full range of products is also compliant with the industrial standards like PCI, EMV, UL, FCC, CE, CB, C-TICK and RoHS.
GeldKarte (literally means "money card" in German) is the German chip-based electronic purse system which is jointly maintained by the German banking industry. Over 89 million girocards (formerly: ec cards) or banking cards carry the chip already. It can be topped-up with electronic money up to 200 Euros.
GeldKarte is mostly used for small purchases which have, up to now, required small change. Among other sectors it is accepted in public transport, at parking garages, public telephones, and vending machines. A total of approximately 600.000 acceptance points is available to GeldKarte users on a nationwide basis.
About the German Banking Industry Committee
The German Banking Industry Committee (GBIC, or called “Die Deutsche Kreditwirtschaft” in German) consisting of Germany’s leading banking associations – the National Association of German Cooperative Banks, the Association of German Banks, the Association of German Public Banks and the German Savings Banks Association – represents the interests of the German banking industry. It is the successor to the Zentraler Kreditausschuss (ZKA), and is continuing its work.
GRGBanking is a leading provider of currency recognition and cash processing solutions in the global market with great potential and rapid development. GRG specialize in the development/ manufacturing of Automatic Teller Machine (ATM) for financial institutions and retailers, Automatic Fare Collection (AFC) devices for railway or underground systems, as well as other currency recognition and cash processing equipment, modules and systems for over 20 years. Besides, GRG various Multi-Channel Software Solutions and Services cover the needs of the financial industry, retail, transportation, payment, self-service, cash automation, cash management outsourcing and managed services, customized for different customers around the world.
News Media Contact: Benny Huang