GRGBanking Attends ICCOS ASIA 2013

11st - 13rd November, GRGBanking attended “ICCOS AISA 2013” in Bangkok, Thailand.


In the event, GRGBanking, with its local partner Data One Asia showcased the Banknote Sorting Machine (CM400) and Cash Recycler (H68NL), which improve the cash processing efficiency and provide intelligent cash management services to Banks, CITs and Retails.


On the 2nd day of the event, GRGBanking held a breakout meeting to talk about the “Total Cost of Ownership” (TCO). By evaluating the TCO, decision makers can know their ATM operation cost, especially the cost of cash management, which are also important factors that need to be taken into account before making a decision on implementation of ATMs. Jelly Fan, Product Manager from GRGBanking also shared with the delegates how to optimize the cash management and cash recirculation through GRGBanking’s practical cases and experiences.


Case studies in Turkey and China revealed that, cash management relates expenses can be even 20 time more important than price of equipment. The GRG speaker also pointed out, with less cash replenishment volume, CRM like GRG Cash Recycler H68N Series can support longer up time with more transactions and reduce cash in transit for cash collection and cash replenishment time. While for the cash center and back office of banks, GRG sorting machine is able to improve cash counting and sorting productivity, thus to reduce the labor cost and cash shrinkage.


About 50 delegates of bank, CIT company as well as other cash management institutions, not only in Thailand but also come from other Asian and African countries attended the meeting and exchanged opinions on the topic with GRGBanking.  


GRG’s CM400 is a high performance banknote sorting machine with cutting-edge banknote detection technology to improve cash processing speed and accuracy. By utilizing CIS (Contact Image Scan) and OCR (Optical Character Recognition) technology, images of both sides of the banknote as well as the serial number can be captured and recorded.


The Windows Embedded platform ensures the system’s scalability and a full 7-inch large LCD touch screen enhances user experience. It is an ideal cash counting and sorting solution for CIT companies, banks and retails. 


The H68N series are cutting-edge cash recyclers, which shift heavy counter transactions and frequent cash replenishment to self-service and self-replenishment zone. With high capacity, Serial Number Tracking technology, biometric authentication and coin dispensing features, they are capable of supporting big volume transactions, delivering advanced and reliable service to customers, and extending banking channel and value-added service for different scenarios.


About GRGBanking

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

Social Media: LinkedlnFacebook,  Google+