Teller Cash Dispenser’s- Cash Automation Explored
This brief post explains teller cash dispensers, recyclers and scenarios they are typically applied.
What is a teller cash dispenser?
A teller cash dispenser is a machine controlled by a bank teller that automates cash handling. A cash dispenser has a similar mechanism as an ATM, except it is controlled by a person not a machine. Teller Cash dispensers have been around for almost 20 years, and are nothing new to the financial equipment marketplace.
What is a teller cash recycler?
A teller cash recycler has the same functions as a teller cash dispenser, but also accepts deposits. The accepted cash deposits are then counted, deposited into cassettes, and then they can be re-dispensed as customers withdraw money. Cash Recyclers are becoming standard equipment in most new bank or credit union builds. Cash recyclers have been around about 5 years, and not until recently have they become really popular. So a cash dispenser just dispenses the requested cash, a cash recycler accepts deposits and then re-dispenses the cash.
Why Automate?
Teller cash dispensers or teller cash recyclers create efficiencies. Financial institutions automate to Increase Profitability. The biggest savings is in re-allocation of human resources. In the average financial institution, one cash dispenser or recycler can perform the work of two tellers. Another important increase is cash automation provides a better customer experience. Open branch layouts can be explored, all banking transactions are made quicker, and more accurately. Cash Automation also Improves Safety. All cash is stored in a UL Rated Level 1 locked vault. The same as any ATM Safe. Typically the tellers do not have access to this cash. Teller Cash Dispensers also Provide Marketing Opportunities as well as are Innovative. Teller Cash Dispensers also save time at the end of day. The whole end of day proof process is virtually eliminated with a click of the mouse.
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Call 877-663-6128
If you are looking for more information on how cash automation can help your financial institution, contact the cash automation experts today at 877-663-6128.
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Peter Wilkenshoff
Peter Wilkenshoff is the President of Best Products Sales and Service Inc./ BestATMstore.com. With more than 20 years in the payments industry, he has made a career out of helping businesses get paid in the simplest and smartest ways possible. Cash, cards, mobile wallets or whatever futuristic payment gadget someone invents next week, he is here for it. He loves taking the stress out of money movement and turning complex processes into something anyone can understand. When he is not working he is usually fishing, building something around the house, out on a boat, surfing or planning the next family Disneyworld trip which sounds like a strange mix until you meet him and suddenly it all adds up.
Follow Peter on LinkedIn: https://www.linkedin.com/in/peter-wilkenshoff/
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