May 3, 2013, the European Central Bank (ECB) has certified GRGBanking cash recyclers, deposit machines, sorting machines and cash handling devices that they passed the ECB system test for currency validation, including counterfeit detection and fitness sorting. The ECB compliant machines of GRGBanking are therefore permitted to be deployed in the Eurozone.
The GRG models which have passed the ECB test include Cash Recycler E800L, E800LR, H68N, H68NL, H68NLR; Intelligent Cash Deposit Machine P2801L, P2801, P2801N, P2801NL, P2802, P2802L, P2803, P2803L; Cash Sorting Machine CM200V and CM400. The cash handling devices BA-08, BA-15C and BR-15 have also passed the test and been issued with the ECB compliant report.
The possibility of recirculating euro banknotes enables banks and other cash handlers to supply the currency in a more effective and cost-efficient manner. To ensure the integrity of the banknotes, the European Central Bank has established common test procedures for various types of banknote handling machine. These tests check the ability of a type of banknote handling machine to authenticate genuine euro banknotes and to separate genuine euro banknotes from counterfeits and, if applicable, to sort euro banknotes according to their fitness for circulation. In addition, for customer-operated machines, the proper functioning of the tracing system is verified.
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’s 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