GRGBanking introduces ATM cassette-cash management

Sept. 2, 2010 | by Frederick Lowe

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

Frederick Lowe / Frederick H. Lowe has spent 10 years reporting on the ATM industry. Prior to joining as editor, Lowe was editor of ATM & Debit News, which is owned by SourceMedia. He also wrote articles about the ATM industry for American Banker and other publications. Prior to writing for trade publications, Lowe was a general assignment reporter and business writer for the Chicago Sun-Times, Chicago Tribune and the Philadelphia Daily News.

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