NORTH CANTON, Ohio, Dec. 19, 2017 /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), the global leader in driving connected commerce, has been awarded the inaugural Global Innovation Award by the ATM Industry Association (ATMIA) for its Cash Cube concept. Using mobile technologies, the Cash Cube merges self-service and digital channels to enable a truly cross-channel customer experience. At the heart of the solution is an Android-based software concept through which apps are made available through a B2B marketplace.
"Cash Cube represents an app-driven ecosystem with which software can be made available much faster than today," says Reinhard Rabenstein, Diebold Nixdorf chief technology officer, Solutions, as he explains the advantages of the new technology. The concept envisions that Diebold Nixdorf will supply software developers all over the world with a software development kit, assume responsibility for the quality assurance of the apps and use a B2B software marketplace to distribute the apps to ATMs. "This gives us access to ideas generated by the global app developer community, accelerates time-to-market and reduces development costs," says Rabenstein.
With new apps, ATM operators are able to quickly deliver new services and generate additional revenue through transaction fees. The income generated can be shared between ATM operators, the B2B app store operator and app developers via revenue sharing models.
The innovative software is backed up by just two hardware components – a safe unit containing a proven cash dispenser and a device based on Diebold Nixdorf's proven point-of-sale terminal Albert, which is based on smartphone technology and enriched by security features to enable safe card and customer data processing.
ATMIA will present the Global Innovation Award to Diebold Nixdorf during the association's 2018 U.S. conference, scheduled for Feb. 6-8 in Las Vegas. "I am delighted to congratulate Diebold Nixdorf on their brilliant Cash Cube concept. This concept has what it takes to make a sustainable change in the world of self-service solutions, taking ATMs firmly into an exciting future. In our opinion, Cash Cube is in line with cutting edge global industry developments which will lead to the reinvention of the ATM ecosystem," says Mike Lee, CEO of ATMIA.
ATMIA is the leading non-profit trade association representing the entire global ATM industry. ATMIA serves more than 10,000 members from over 650+ companies in over 70 countries spanning the whole ATM ecosphere, including financial institutions, independent ATM deployers, equipment manufacturers, processors and a plethora of ATM service and value-added solution providers.
ATMIA provides education, advocacy and connections to help its members keep abreast of industry news and developments; increase knowledge and professionalism; improve operational efficiencies; understand and influence regulatory processes; participate in the local, regional and global ATM community; and forge new relationships to advance their businesses.
Founded in 1997, ATMIA has active chapters in the United States, Canada, Europe, Latin America, Asia-Pacific, Asia, Africa, India and the Middle East focusing on the unique needs and issues of each region.
For more information, please visit www.atmia.com.
About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE: DBD) is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world's top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an 'always on' and changing consumer landscape.
Diebold Nixdorf has a presence in more than 130 countries with approximately 24,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol 'DBD'. Visit www.DieboldNixdorf.com for more information.
View original content with multimedia:http://www.prnewswire.com/news-releases/diebold-nixdorf-receives-global-innovation-award-for-app-based-cash-cube-concept-300573120.html
SOURCE Diebold Nixdorf