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Cash management solution promises improved cost-efficiency

February 3, 2014

Operators typically overload ATMs with cash to the point where associated costs account for up to 60 percent of all operating costs, according to financial solutions provider BPC Technologies. To solve this problem, the company has introduced a new SmartATM solution that it says helps "right-size" cash across ATM networks, providing meaningful savings across an ATM fleet.

The BPC cash management software optimizes cash levels to free money across networks, the company said in a news release. Operational costs are reduced by optimizing network monitoring, incuding cash load routes and frequency. 

SmartATM can help a deployer monitor, automate and manage ATM networks of all sizes, including ATM driving, marketing tools, EMV migration and more. The company said that customers using its solution had seen savings of $2,000 per ATM annually.

"On top of saving $2,000 per ATM while ensuring maximum uptime and security for their networks, ATM operators can tap into new revenue streams by offering customers market-leading products and services with SmartATM," said Marc Solomon, managing director of BPC U.S.A.

SmartATM is part of SmartVista, a comprehensive suite of solutions encompassing virtually every aspect of electronic payment processing. According to BPC, SmartATM integrates seamlessly with SmartGuard, a fraud prevention solution that monitors all transactions in real time, regardless of channel.

BPC will demo the new cash-handling program next week at the ATMIA US 2014 conference in Orlando, Fla.

Read more about vault cash and cash management.

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ATM Industry Association (ATMIA)

The ATM Industry Association, founded in 1997, is a global non-profit trade association with over 10,500 members in 65 countries. The membership base covers the full range of this worldwide industry comprising over 2.2 million installed ATMs.

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