ATM program management is costly and complicated, yet it isn't a core business for financial institutions that deploy ATMs as part of their customer satisfaction strategy. Banks and credit unions can achieve significant savings and efficiencies by outsourcing their ATM back-office activities.
With cash being the number one payment method and the number of banknotes in circulation continuing to grow, cash handling remains a big topic in retail banking. However, cash handling is expensive and the lions share of that expense is incurred in retailing and at retail banks.
22 years of specialist experience in cash management has given Cash Management Systems a unique perspective, producing exceptional results worldwide. Here, we discuss the key rules governing how we control ATM cash.
Despite the rapid growth of non-cash settlements throughout the world, cash is still in demand and in many countries it remains a main payment instrument. Statistical studies evidence the fact that the amount of funds dispensed by ATMs to cardholders is growing year by year.
An abundance of debate and analysis has been produced in relation to the outsourcing decision, demonstrating how fundamental it is to any modern business. Two elements must be weighed up, the selection of the activities to be outsourced and the right partners to manage them.
With 2012 being slated as the year contactless payments hit the mainstream and the almost daily news of a new Near Field Communication (NFC) card or mobile device launch, one sure New Years prediction is that cash will continue to be widely used as a means of convenient day to day payment worldwide. Read this NCR white paper to learn more.
Trends and drivers in the implementation of innovative technologies for optimizing cash cycles. This whitepaper covers the current cash situation, according challenges for banks and retailers and outlines a solution concept that ranges from the automation of cash handling processes to the integration of banks and retailers cash cycles.