IC Cash Services

Your European payment service provider

IC Cash – a German payment institution with a European presence

IC Cash Services – your partner for ATMs, Cash Recycling and Cash Deposit solutions

Since 2004, IC Cash has been one of the leading bank-independent and manufacturer-independent ATM operators in the German-speaking market. As an independent payment institution under the German Payment Services Supervision Act (ZAG), we also provide our customers with individual and secure Cash Recycling and Cash Deposit solutions.

Our customers across a wide range of industries benefit from tailored solutions for reliable cash supply and collection at their locations. As a full-service payment provider, we deliver all services from a single source – from construction and installation through system operation to individual cash planning. For our customers, this means professional, reliable support across every process step together with fast and flexible service.

Our business areas

IC Cash operates across five business areas: ATMs, Cash Deposit systems, Cash Recycling, payment services, and reporting and monitoring via the IC Cash Monitor. Together, these services cover the full spectrum of cash supply and collection for banks, savings banks and retailers – from a single source and with complete operational responsibility.

  • ATMs
  • Cash Deposit Systems
  • Cash Recycling
  • Payment Services
  • IC Cash Monitor& Reporting

Our leadership team

  • Portrait of Dr. Kersten Trojanus

    Dr. Kersten Trojanus

    Dr. Kersten Trojanus, who holds a doctorate in economics from LMU Munich, is Managing Director responsible for Market. He began building the cash-withdrawal business as part of InterCard AG in 2005. Since IC Cash Services was spun off in 2007, he has driven the company’s expansion as an independent payment institution under the German Payment Services Supervision Act (ZAG).

    As spokesperson for the Arbeitsgemeinschaft Geldautomaten (AGG), he advocates fair regulation for independent operators of ATMs and recycling systems and a reliable regulatory framework that safeguards cash as a payment option.

  • Portrait of Marc Stückemann

    Marc Stückemann

    Marc Stückemann, a graduate in business administration, has been Managing Director responsible for back-office operations at IC Cash since the beginning of 2016. With extensive expertise in ATMs, the development of new payment products, banking operations and IT infrastructure, he leads key areas of the company. As Managing Director of the In2Holding B.V. investment, he and Richard Entrop are responsible for the continued development of ATM networks across several European countries.

  • Portrait of Linda-Maria Rycl

    Linda-Maria Rycl

    Linda-Maria Rycl has been a member of the extended management team, responsible for Finance, and an authorised signatory since 1 April 2026. Drawing on many years of experience in finance, she oversees key corporate functions and plays a major role in the strategic development of the finance organisation. Since joining IC Cash in September 2016, she has held a range of leadership roles spanning controlling, accounting and cash management, taking on broad responsibilities and shaping the finance function over the long term.

    Previously, she worked as a founder and senior manager. She holds a Master of Science in Financial Management from Oxford Brookes University and a Bachelor’s degree in International Management from Munich Business School.

  • Portrait of Heiko Zißner

    Heiko Zißner

    Heiko Zißner brings more than 30 years of experience in operating and developing cash, ATM and self-service infrastructures for banks and financial service providers. He has deep expertise in multivendor environments and has worked across manufacturers for many years with a wide range of hardware platforms, software stacks and international protocol standards. His strengths lie in the secure integration of complex self-service environments and in designing operating models that are both economically viable and stable. He is also actively involved in international industry bodies such as NEXO, where he contributes his practical experience to the continued development of open standards.

  • Portrait of Richard Entrop

    Richard Entrop

    Richard has more than 20 years of successful experience in the ATM industry with international companies including GWK Travelex and In2Retail B.V.

    He is responsible for expanding the company into additional European markets by building proprietary networks and working with local partners.

IC Cash milestones

  1. 2025: Acquisition of In2Retail Holding BV, Amsterdam
  2. 2024: More than 2,000 cash systems in Germany and Austria
  3. 2023: More than 1,700 cash systems in Germany and Austria
  4. 2021: Almost 1,500 ATMs and EZT/BOR systems
  5. 2018: More than 1,200 ATMs and EZT/BOR systems; PSD2 re-certification
  6. 2017: Expansion into additional European countries
  7. 2015: 10th anniversary of the ATM business, with around 650 units
  8. 2015: Launch of deposit and cash-withdrawal services under ZAG, including the transfer of these responsibilities from InterCard AG
  9. 2014: Authorisation as an independent payment service provider under ZAG and supervision by BaFin, the German Federal Financial Supervisory Authority
  10. 2014: Expansion of the portfolio to include full-service cash supply and collection solutions, including Cash Recycling and Deposit solutions for banknotes and coins
  11. 2005: Establishment of the ATM business at InterCard AG and launch of cash-withdrawal services, with the first locations installed in food retail

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