AGS showcases Intelligent Cash Deposit machine to Oil industry

AGS is also supporting the PETROLWORLD Business Forum which brings together industry participants under one roof to be a part of a unique format. The forum propagates informal networking activities through one-on-one business interactions also follow

Mumbai, India (prHWY.com) February 24, 2012 - MUMBAI, 22nd February, 2012: AGS is also supporting the PETROLWORLD Business Forum which brings together industry participants under one roof to be a part of a unique format. The forum propagates informal networking activities through one-on-one business interactions also followed by keynote speeches as well as a seminar by leading petroleum companies and industry leaders.

The event also brought together leading retail brands and oil company downstream managers, CEOs, COOs, MDs, executives, engineers, procurement managers, IT and technology firms, designers, construction managers and retail managers, apart from suppliers of petroleum equipment and services from around the world.

Mr. Ravi B. Goyal, Chairman and& Managing Director of AGS Transact Technologies, said: said,"We are happy to be associated with PETROLWORLD Business Forum and present our recently launched product, the iCD. This, we feel, will revolutionise the way cash is handled at busy retail locations. This is a unique solution which is completely safe and reliable for managing cash. In the current retail environment this solution will also provide retailers and bankers a monitoring system to track their deposits. Besides, through this solution the deposits are instantly credited"

The iCD system automates cash deposit transaction by counting, identifying, sorting and saving - all without any human interference. It streamlines the procedure of cash depositing, improves service efficiency, contributes to customer delight, and increases the productivity of the retail location staff.

Some other key features of ICD include: Total safety, automated cash reconciliation, instant access to all deposited information and management reporting, reduction in cash-in-transit related cost, apart from saving of time spent on counting.
For more information on the event click on http://www.petrolworldforums.com

About AGS Transact Technologies Ltd.:
AGS Transact Technologies Ltd. (formerly known as AGS Infotech Pvt. Ltd.) offers technology-based solutions for banking, retail, paint and petroleum sectors. Equipped with extensive experience in banking technology, AGS provides a complete suite of self-service banking products. The company is the dominant provider of ATM outsourcing services to the Indian banking industry. AGS is in the forefront of petroleum automation with successful roll-outs at petrol pumps in the western and southern part of the country. Some key clients in this segment are HPCL, BPCL, Indian Oil, Reliance Petroleum and Atos Origin.

For Further Information please call Concept PR on:
Darshana-9930017393 (darshana@conceptpr.com)
Sangita- 9619234790 (sangita@conceptpr.com)

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