After update --> Jquery Cycle is not installed. See the README.txt

same problem... sigh!

In case anyone else gets this, I found that the views_slideshow module also talks about jquery cycle and has a link to a version of the jquery.cycle.js file that works

Once you have thae file, put it into your /sites/all/modules/rotating_banner/includes and rename

Old
/sites/all/modules/rotating_banner/includes/jquery.cycle.all.latest.min.js

New
/sites/all/modules/rotating_banner/includes/jquery.cycle.js

The jquery version mentioned in the views_slideshow documentation is outdated. Loading Jquery Update module also solves this problem.

Anything new about this issue ?
I have the same problem in rotating_banner-7.x-2.x-dev

I've tried everything listed but still get the error message or the rotating banner doesn't work.
This is the code where the error occurs:

(function ($) {
  Drupal.behaviors.rotatingBanner = {
    attach: function (context) {
      $('.rotating-banner', context).once('jCycleActivated', function () {
        if (!Drupal.settings.rotatingBanners) {
          return;
        }
        var settings = Drupal.settings.rotatingBanners[this.id].cycle;
        if ($.fn.cycle === 'undefined' || $.fn.cycle === undefined) {
          alert(Drupal.t('Jquery Cycle is not installed and is required by the rotating_banner module.\n\nSee the README.txt'));
          return;
        }

Is this module getting any more attention, or should I look for another module that rotates banners?