GRGBanking introduces ATM cassette-cash management

Sept. 2, 2010

GRGBanking Equipment Co. Ltd. this month will introduce a cassette-cash management solution for cash-recycling ATMs and teller assistant units.

Cash collected by cash-recycling ATMs or teller assistant units is deposited into “intellectual” cassettes that count the number of banknotes and the denominations. The device also tells which ATM or teller assistant unit loaded cash into the cassette. In addition, it identifies the bank employee who removed the cassette from the machine.

The platform includes a cassette exchanger, which enables the cassette handler to transfer funds from one cassette to another without opening the cassette or touching the cash inside the cassette, GRGBanking says.
Potential customers will be able to see the cassette cash-management tool this month at GRG Global Customer Exchange. The company plans a rollout of the devices sometime next year. GRGBanking Equipment Co. Ltd. is based in Guangzhou, China.

Topics: Asia, Australia & Pacific , Associations / Conferences , Cash Dispenser / Recycler / Acceptor , Manufacturers , Middle East & Africa , Retail / Off-Premises

Companies: GRG Banking Equipment (HK) Co., Ltd

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