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Source Technologies Launches Currency Processing Solution

Tuesday 16 November 2004 19:59 CET | News

Source Technologies, has launched Currency Processing Solution, an integrated hardware and software system that automates teller cash drawers and improves visibility and management of branch cash.

Currency Processing combines Source Technologies Teller Vault and Personal Cash Recycler products with the companys ST Currency Manager software application. Source Technologies Teller Vault and Personal Cash Recycler are intelligent devices that collect, recycle, and dispense cash while tracking cash-on-hand and denomination count. When deployed with ST Currency Manager software, the solution provides a centralized, real-time view of the banks cash and denomination position for every teller and branch in the network. Banks can more accurately manage currency requirements and decrease the overall amount of daily operating cash needed by branches. In addition to tracking cash flow, Currency Processing automates all cash handling by the teller, thus eliminating errors in end-of-day cash balancing. It records each tellers buy and sell from the head-teller, accurately accounting for each transaction and reducing the likelihood of internal fraud. Additionally, greater visibility on cash and denomination position reduces the movement of cash between branches, cutting the need for armored car services. Automating the cash drawer also frees teller staff to focus on customer service.


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Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce


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