Wincor Nixdorf

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Wincor Nixdorf AG
Aktiengesellschaft
Traded as FWBWIN
Industry Information technology
Founded 1952
Headquarters Paderborn, Ostwestfalen-Lippe, Germany
Key people
Eckard Heidloff (President and CEO), Alexander Dibelius (Chairman of the supervisory board)
Products Computer hardware, software, IT services and consulting for bank branches and retail stores; including ATMs and electronic point of sale systems
Revenue €2.427 billion (2014/2015)[1]
€21.851 million (2014/2015)[1]
Profit €7.772 million (2014/2015)[1]
Total assets €1.507 billion (September 2015)[2]
Total equity €391.440 million (September 2015)[2]
Number of employees
9,100 (September 2015)[3]
Website www.wincor-nixdorf.com

Wincor Nixdorf is a German corporation that provides retail and retail banking hardware, software, and services. Wincor Nixdorf is engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ATMs), retail banking equipment, lottery terminals, postal terminals, software and services for global financial and commercial markets.

History[edit]

Founded by Heinz Nixdorf, Nixdorf Computer was formed in 1952. In 1990 the company was purchased by Siemens AG and renamed Siemens Nixdorf Informationssysteme. The company was re-focused exclusively on its current product set in 1998 and renamed Siemens Nixdorf Retail and Banking Systems GmbH. Following a buyout by Kohlberg Kravis Roberts and Goldman Sachs Capital Partners on October 1, 1999, the company was renamed Wincor Nixdorf. The company was taken public May 19, 2004 with a successful IPO. On November 8, 2006, Chief Executive Officer Karl-Heinz Stiller announced his resignation from the Board of Directors. Eckard Heidloff was elected as his replacement[4]

Corporate relationships[edit]

IBM[edit]

Following the end of the InterBold partnership in 1997, IBM eventually entered into a re-distribution arrangement with Wincor Nixdorf. IBM sells and services Wincor Nixdorf machinery in several countries in the Americas.[5]

Unisys[edit]

Unisys also has a relationship with Wincor Nixdorf in some Latin American countries such as Brazil.[citation needed]

Security issue[edit]

On 12, July, 2016, the media reported at least 34 ATMs of Taiwanese First Commercial Bank were hacked using Malware heist. Over 70 million Taiwan dollar (equivalent to 2 million USD) were withdrawn illegally. The manufacturer of the ATMs is Wincor Nixdorf.[6] By the investigated authority, the cross-national criminal hacker group used mobile devices instead of bank cards to activate the cash withdrew process.[7] Security experts from the company were sent to investigate the security breach. [8] There are approximately a thousand cash machines of the same kind hacked in this incident in Taiwan were waiting for further through investigation. [9]

On 17, July, 2016, Taiwan authority declares case solved. The hacker group are composed by 16 people from Russia, Romania, and Latvia. [10]

Notes and references[edit]

  1. ^ a b c "Annual Report 2014/15". Wincor Nixdorf. Retrieved May 30, 2016. 
  2. ^ a b "Annual Report 2014/15". Wincor Nixdorf. Retrieved May 30, 2016. 
  3. ^ "Annual Report 2014/15". Wincor Nixdorf. Retrieved May 30, 2016. 
  4. ^ BREAKING: Stiller steps down, Heidloff named Wincor's new CEO atmmarketplace.com Nov 8, 2006.
  5. ^ Wincor Nixdorf Germany
  6. ^ "Suspect flees Taiwan after NT$70 million stolen from ATMs: police". Retrieved 2016-07-18. 
  7. ^ "ATM heist not an inside job: First Commercial Bank - Taipei Times". www.taipeitimes.com. Retrieved 2016-07-18. 
  8. ^ Kottasova, Ivana (2016-07-14). "Taiwan bank ATMs spew out millions after hack". CNNMoney. Retrieved 2016-07-18. 
  9. ^ "Taiwan seeks two Russian suspects in $2 million ATM malware heist". Reuters. 2016-07-13. Retrieved 2016-07-18. 
  10. ^ "Taiwan says foreign suspects arrested over $2 million ATM cyber robbery". Fortune. 2016-07-17. Retrieved 2016-07-18. 

External links[edit]