Hyosung, CFM solution integrates cash-recycling ATMs, TCRs with core banking platform

Hyosung America has announced a new partnership with CFM, a core-integrated cash recycling platform designed to streamline cash recycling operations between financial institutions and technology manufacturers.

CFM's zero-footprint solution seamlessly integrates teller platforms and cash-handling hardware to drive cost efficiencies, process improvements and security, while the Hyosung MS500 TCR contributes industry-leading speed capacity with its unique transit cassette and self-audit capability, according to a press release.

The integrated solution gives FIs complete oversight of their core processing system and cash recyclers/dispensers within a branch network, saving both time and money. Additionally, CFM real-time analytics allow FIs to make data-driven decisions on purchasing, deploying and servicing their cash dispensers and recyclers, while multivendor operability allows for choice within the marketplace, the release said.

"Hyosung takes great pride in its ability to provide customers with solutions that improve the functionality, maintenance and care of their Hyosung products, and our partnership with CFM further solidifies our dedication to doing just that," said Scott Hackl, senior vice president of sales at Hyosung. 

"Our partnership with Hyosung is one that not only allows us to facilitate best practices in recycling with the largest ATM supplier in the United States, but one that ultimately helps financial institutions better serve their clients," CFM chief disruption officer Nathan Moore said in the release. "We are eager to begin implementing our integration technology with Hyosung's family of products and are excited to see where this partnership takes us."

Topics: ATM Innovation, Bank / Credit Union, Manufacturers, Software, Vault Cash / Cash Management

Companies: Hyosung

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