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AGS TRANSACT TECHNOLOGIES LAUNCHES CURRENCY TECHNOLOGY PRODUCTS

Mumbai, August 05,2011 (Ajay Rawal): AGS Transact Technologies Ltd, one of the leading system integrators in the business of touch-point transformations, has launched a range of ten currency technology products in Mumbai on August 4,2011.
AGS Transact Technologies Ltd, CEO Mr Sunil Udupa told mediapersons that, ” Genuine iCD is a unique machine and being introduced first time in the country. The user can identify him/her through his barcoded identity card and deposit cash. The deposited cash is then stored in a UL 291 level safe in a plastic bag. When you open the chest, the bag seals itself automatically and the CRA agency can pick it up and transport in a secure manner. This is typically installed by a bank at large retail outlets and petrol stations. The cash in the system can be connected on-line to the banks server thus giving the retailers on-line credits. The advantage to retailer is that he does not have to count and keep account per teller. The system does it. The CFO can view on-line, the cash collected in these system from his office”.
He further stated, “The complete range of currency technology products were launched under the Genuine series for the Banks, Retail enterprises, and other entities that manage large amounts of cash.The new products are now available in the price range between Rs 35,000 and Rs 8 lakh depend on product.All these products are imported from European countries and its import duty is affordable around 20 per cent.It will be maintainance charge would be around 14 per cent.
Given below is the list of these products:
Genuine Trace: A counterfeit note detection system which authenticates banknotes and security documents.
Genuine Cash Sort: Currency counting machine with counterfeit detection feature which can count up to 1500 notes per minute. The system is equipped with the most advanced technology of detection and authentication, using an optical array visible infrared, as well as a mechanical system of thickness checking.
Genuine Coin Deposit: Processing multiple denominations of coins at a bank branch, retail outlet, petrol station or charitable institution is time-consuming. AGS currency technology solutions, introduces coin handling machines under its Genuine series for processing bulk coins quickly and efficiently, replacing the manual counting process.
Genuine Coin Sort: Coin sorter which counts and sorts multiple coins automatically without any interruption. The system offers highest coin recognition with a minimum danger of soiling and includes a free configurable sorting.
Genuine Coin Count: Coin counter which processes bulk coins quickly and efficiently, replacing the manual counting process. It includes a coin bag attachment and extended hopper facility. Genuine Coin Count can also be used as a coin sorting machine to sort coins.
Genuine iCD: Genuine “Intelligent Cash Deposit” (iCD) system is designed to deposit cash at a retail location such as Bank branches, Retail stores and Petrol pumps. It can identify fraudulent banknotes at the time of deposit. The deposited notes are sealed and securely stored in a vault. In a retail environment, cash tellers or attendants get a user id for his/ her deposits. These can be tracked, counted and reconciled thus increasing the efficiency of the teller or attendant. The cash can be deposited as and when required and a confirmation is received on the amount deposited. This cash is gathered in the deposit bag which is sealed for security reasons. The system can be connected to a central server for centralized management. Genuine iCD can provide a count of cash deposits in each store.
Touch Point 400 (Cheque deposit kiosk): A self service kiosk offers convenience to the customers as in they can deposit the cheques without the need for deposit slip or envelope anytime of the day.
Touch Point 200 (Multifunction Self Service kiosk for non-cash transactions): The Touch Point 200 with easy to use touch screen system and a barcode reader can be operated with both credit & debit cards.
iCore: It is a self-service kiosk terminal for indoor use. It can be customized as per kiosk solutions in all kinds of industry segments and lines of business. Standard option includes: receipt printer and loudspeakers, whereas card readers, bar code scanners are optional. iCore kiosk ensures easy and reliable handling.
Beetle/Fusion Kiosk: An innovative, touch-based all-in-one self-service terminal. It includes a powerful receipt printer that can optionally be installed below the system; it is a complete kiosk terminal for a wide range of application areas. The kiosk is designed for wall mounting and can also be used as a freestanding terminal on a stand if requested for a project.