For the consumers looking for more efficient and convenient ways of doing banking processes, Interactive Teller machine is the answer. It has presented a whole new way of handling customers and making them more interested in banking operations. Modern banking institutions are increasingly adopting video remote tellers, also known as interactive tellers. 

These are real-time experience machines that enable customers to interact and perform banking operations at the same time. For the convenience of customers, these machines are fitted with a touch screen, handheld phone, and buttons. 

Functions of an interactive teller machine 

• Deposit bills and checks
• Perform card-less transactions
• Cashing checks for bills
• Perform fund transfers 
• Opening new accounts
• Order debit card replacement
• Place inquiries and perform CD renewals
• Make credit card payments

Other popular names for Interactive teller machine

• In-Line Teller (ILT)
• Personal Teller Machine (PTM)
• Teller Assist Unit (TAU)
• Automated Interactive Teller (AIT)
• Video Teller Machine (VTM)

Benefits of interactive teller machine for customers

• Consumers can efficiently perform ID verification if their credit card is stolen or lost.
• The teller machine can dispense any amount of cash, including any denomination of bills. It also helps in Cash Automation. 
• Users get the convenience of human touch and real-time interaction, which is nowhere available with ATMs.

Benefits of interactive teller machine for financial institutions

• The interactive teller machine enhances the user experience by making the banking operations more convenient. 
• The availability of banking support gets extended. Customers can even perform banking operations at odd hours.
• With the usability of the interactive teller machine, the employees can be freed and made available for high-level operations.
• As the machine enables 75% of banking operations without the involvement of banking professionals, it saves a lot of costs associated with them. 
• Financial and banking institutions can go global, defying the geography and hours of banking operations. 
• Financial institutions are capable of providing real-time connectivity without the risk of offline incompatibilities. 
• The teller machine decreases the cost per transaction and saves a fortune for financial institutions. 
• Being modern and competitive technology, the machines give financial institutions a pace ahead of the competition.  

With so many benefits for financial institutions and their consumers, the Interactive Teller machine is a good investment. Contact www.bankersequipment.com for information. Bankers Equipment offers a wide range of equipment solutions for banking institutions, casinos, and retail units. 

Handling a retail business is quite a job. From managing product inventory to taking care of cash management, you need to do everything single handily. But here good news for you – a Currency Discriminator can ease the hassle of cash management. This revolutionary equipment has sent waves of relief to retail business owners. Let’s see how this equipment helps with cash management. 

A currency discriminator is an electronic device that helps count the cash and identifies the difference between currency denominations. This device is an up-level version of a currency counter with a more advanced feature. The device gives you a proper breakdown of denominations for a pile of mixed bills. 

Therefore, at the end of a successful day at the billing counter, you don’t need to worry about counting the bills and segregating the various denominations received. For Retail Cash Management, it is one of the best technological innovations made to date. 

Benefits of owning a currency discriminator in retail business 

This is a small but powerful device for all your cash management issues. But if you are still not convinced, here are three benefits to pay attention at. 

Saves money and time

Often retail businesses keep an extra staff for cash counter and management. The responsibility of this person is to collect the cash, count it and separate different denominations and keep track of data. But once you make use of this device, you need to pay extra to your staff. It counts the money within a few minutes, tells the denominations received, and often keeps records for the end month audit. 

• Eliminated fraud

There is always an open risk of theft and fraud when dealing with money. Although all retail businesses have trustable employees, time and tide can change quickly. Therefore, a currency discriminator is the best solution for cash management. It is devoid of theft and fraud. The best part about the machine is – it also discriminates the counterfeit bills. 

• Reduction in counting errors 

Humans are prone to error-making while counting, but machines are not. You can depend upon the count of the device without any doubt. These currency counter and discrimination machines are error-proof and tested. Therefore, purchase the machine now instead of spending hours counting bills and separating them based on denominations. 

Currency Discriminator – A great investment in business 

As a business owner, you regularly make an investment for the betterment of your business. So, if you deal with a lot of cash daily, invest in a Currency Discriminator. It will streamline your cash management. To learn more about the device and purchase it, visit the website www.bankersequipment.com.  

Cash's availability, ease of use, and confidentiality are just a few of the reasons why it is still a strong pillar in the current marketplace and the favored payment method for millions of people.

To stay up with a changing corporate world, the technology we use to handle and manage cash is fast expanding. Cash management is a particularly popular area, and many organizations are making use of it to reap a variety of benefits-

Managing Cash In an Effective and Cheap Way

"Although more consumers are adopting online payment alternatives, there is still a big percentage of buyers who prefer to use cash for a variety of reasons," Saunders points out. "Cash isn't going away anytime soon, so shops must keep this payment option available to meet demand."

As a result, it's critical for companies to improve how they manage their cash flow at the money counter.

"Where cash automation technologies come in," adds Saunders, "retailers must balance the need to allow cash payments with the need to streamline their operations and ensure the business can be run securely."

Cash mechanization brings the operations and maintenance comfort of electronic payments to physical money, comparable to the advantages of contactless payments, by greatly reducing manual supervision and the possibilities for mistakes in payment processing.

Putting Cash Automation to Work

In practice, how do cash automated systems look?

These innovations, including digital payment choices, automate portions of money management. Cash automation is still in its early stages, but cash counters and discriminators, cash recycling plants, and intelligent safes are some of the most typical uses

"The management of currency bills and coins will be revolutionized by cashless automation technologies," he believes. "Shop owners who predominantly run cash-based enterprises are currently devoting a significant amount of time to cash duties."

When compared to counting and categorizing money by hand, the length of time saved by a machine that can number and categorize money in minutes is enormous. This is not even taking into account the improved precision.

Do you require assistance regarding your cash automation process at your money counter processings, feel free to connect with Bankers Equipment today and have your choice of cash automation solutions right away.

Organizations of all types are embracing cash automation employment manual tasks in the age of digital transformation, then diverting the time and energy saved into offering differentiated user experiences. This trend covers a lot of ground when it comes to cash handling.

Cash Automation refers to the process of counting, dispensing, and managing cash using specialized technology in order to improve accuracy and lower costs associated with manual cash handling. The following are some examples of common products and solutions:

Cash registers

A currency counter does precisely what it says on the tin. When compared to manual counting, the advantages are faster and more accurate cash counting. High-speed single-pocket counters can value count a variety of currencies while also detecting counterfeit notes.

Sorters of money

A cash sorter can count mixed denominations in one pass and provide a value count and denomination breakdown. Two or more pocket machines continuously process currency and can separate counterfeit bills into separate pockets.

Cash sorters with three or more pockets can count and value mixed currency, sort by denomination and orientation, and detect counterfeit notes.

Recyclers of cash and coins

The entire cash cycle is automated with a cash and coin recycler: accepting and dispensing cash, securely storing banknotes and coins, and tracking cash on hand. Transactions, reconciliations, and deposit preparation are all sped up thanks to the technology in these machines. Provisional credit and CiT (Cash in Transit) options are available to customers who use cash recyclers.

What are the advantages of your company?

As a cash business owner, you may see fluctuations in your cash on hand at any time of day, week, or month. The cash that is securely deposited into your cash and coin recycler is made available to you using cash automation Insight software and provisional credit, which is daily credit issued to your account by your bank.

Since the first credit cards were introduced in the early twentieth century, we've been hearing about the coming "cashless society," but cash is still around. Even with an ever-growing number of smartphone-based digital payment platforms (e.g., PayPal, Apple Pay) and cryptocurrencies, cash appears to be here to stay.

Low-cost and time-saving

Cash automation technology is being used by businesses of all sizes to improve security and accuracy while also saving time and money. Consider the advantages of cash automation if your business relies heavily on cash transactions. Cash transactions typically involve small amounts of money, making it even more important to spend as little time and money on cash handling as possible.

Make a phone call to the cash-handling experts.

From the cash automation experts at Bankers Equipment, learn how your business can benefit from cash automation technology. We've been assisting businesses for over a century, and we can help you find the right cash handling and storage solutions for your company. For friendly, knowledgeable service, call us at 952.890.6661 • 888.890.6661, or stop by our showroom. 

To add up bills and coins, you no longer need to use a calculator. In recent years, cash management technology has advanced significantly helped in branch transformation, and there are now various smart solutions available for the retail business.

From point of sale through bank deposit, Retail Cash Management is designed to automate the whole cash handling process. A retail organization will benefit in various ways by transitioning from manual cash handling to cash management. Here are six reasons why retail cash management is a good idea.

Improved Efficiency within Potential Time-slots

The time spent reconciling and balancing the cash register is inefficient and diverts attention away from more productive tasks.

Because neither the manager nor the workers will have to deal with money, they can concentrate on running the firm and creating revenue. The exact time savings will vary depending on the size of the store, but cash management can save cash handling time by up to 50%.

Outstanding Customer Support

Nothing is more aggravating than attempting to obtain assistance and discovering that no store assistant is accessible. Employees are frequently found in the back of the business, preoccupied with chores such as counting the till during shift change, rather than offering customer assistance in the front.

You must free up workers for more client-oriented work these days when customer service is critical to staying ahead of the competition. Counting money is done automatically when cash management is in place.

Completely Accurate

Customers are always given the correct amount of change when cash management is used. Additionally, the staff is not required to stay late to count today's cash.

The solution calculates the money for you automatically and correctly every time. There's no need to count again or recount, and there's no chance of counting mistakes.

Reduced Investments

The cost of cash is reduced by 30% thanks to Cash Management. To begin with, you lower your costs by streamlining your business operations that thereby help in further branch transformation.

Because currency is securely secured and sealed, you will have cheaper CIT and insurance costs. Do you know that a retail cash management system can generate a return on investment in as little as seven months?

Improved Earnings

Every cash transaction will take less time, and with fewer lines, more clients will be served. Furthermore, the time saved every day by eliminating money counting frees up time for sales campaigns and customer care. A well-run branch transformation, with exceptional customer service, of course, attracts more customers.

If you run a retail store, you should think about investing in a retail cash management system. It will surely benefit your company in a variety of ways.

Are you curious about how retail cash management is actually implemented? Simply get in touch with Bankers Equipment right now!!!

Cash Management consists of cash incoming and outgoing from the different mediums in the company,i.e., from the company's operations, investment, and finance departments. Cash management is an important aspect of a company's financial stability. It consists of paying taxes, settling accounts, fulfilling obligations, staff salaries, rent, etc. Unfortunately, many businesses engage in poor cash management due to poor understanding of the cash flow cycle, lack of understanding of profit versus cash, bad capital investments and lack of cash management skills. 

The most important cash management equipment is a savings account, currency discriminator, mutual funds, money market deposit accounts, cash recycler, and savings bonds. Amongst these, the prominent one's are cash recyclers and currency discriminators. 

Cash Recycler 

• It is a compound appliance that handles a few easy but major tasks like accepting and dispensing cash. It also stores money safely, keeps an errorless accounting of cash, and mechanizes the cash cycle. Usually, they are found in banks, credit unions, and back-office retail cash rooms. 

• Cash recyclers are a comprehensive approach to cash management. 

• It reduces labor thus is also cost-effective; it improves both staff and companies' productivity.  

Currency Discriminator 

• It is designed to help industries and organizations in managing cash.

• It helps in preparing bank deposits, and it counts banknotes quickly and accurately. 

• If we insert a pile full of notes and currency of different denominations, it states the difference between them and counts the number of denominations. 

• It also helps in keeping an audit trail. 

These are the most effective and important ways in modern times for cash management. They help ensure that there is adequate cash to meet the current obligations while ensuring there are no idle funds. This is especially important as businesses depend on the recovery of receivables. If used properly the make sure that the cash flow is not jeopardized. They ensure the optimum utilization of cash to ensure maximum liquidity and profitability and participate in making the proper collection, disbursement, and cash investment flawless. 

Bankers Equipment Service builds relations with its clients that help to provide clients with the service they wish for, when, and where they need it. The self-service technology of Bankers Equipment is designed to realize just that. 

In the Retail sector, dealing with banknotes and coins is essential to operations, and it is an essential part of both customer transactions and interactions. Evolving a widespread cash management approach is essential to optimize team efficiency, delivering excellent customer service, and in the end, increasing productivity.

Retail Cash Management 

A calculator to sum up banknotes and coins does no longer have to use these days. Cash management technology has fast-growing today, and now there are quite a lot of smart solutions for the retail industry. Bankers Equipment Service provides the best Retail Cash Management solution. With a sustained custom in creating and delivering unique cash management solutions, our knowledge, skill, and technology can transform cash management in Retail from a laborious, manual-focused, and expensive. Our cash management solutions is for the whole of the project, working closely as business partners to make out your business requirements and bring a real return on investment.

Self-Service Coin 

Do you want to decrease waiting times, improve productivity, and enhance your customers’ branch experience? If so, a Lobby self-service coin machine is a solution. This helps to eliminate the need to deposit coins over the counter.

Packed with features and offering the best in class counting and sorting accuracy, self-service coin machines offer your clients a quicker and easier way to deposit coins. This as well helps to reduce waiting times, advances teller efficiency and improves customer satisfaction.  This expertise is about alternatives and ensuring that banking clients are served in ways that will improve the whole brand experience.

To know more call on 952.890.6661.

In recent years, cash management technology has rapidly improved, and now there are several smart solutions for the retail industry. Now, you no longer have to use a calculator, to sum up, banknotes and coins. Retail Cash Management plays a vital role in automating the whole cash handling procedure, from the point of sale to bank deposit. Retail dealing will proceed in numerous areas by controlling from manual cash handling to cash management.

Need Retail Cash Management solution? If so, Bankers Equipment Service is your one-stop providing safe, effective cash management solutions for the retail industry. For over eight decades, businesses across a broad range of industries have relied on Bankers Equipment Service's expertise in automating cash management to supply, implement and service top-quality products for both front and back-office efficiency.

The Retail Cash Management solutions by Bankers Equipment Service cuddle the entire enterprise, working closely as business partners to identify your business needs and deliver a tangible return on investment. This in turn helps in the following:

Unparalleled control Businesses today need fast, flexible ways to manage their cash, with 24-hour, seven-day-a-week access. Bankers Equipment Service gives you unparalleled control, with balance reporting, multiple disbursements, and payment options, and a host of other features to help you optimize your cash flow.

• Handiness

With the help of Retail Cash Management solution, you save time and effort by managing your financial position through the Internet.

• Safe

Business Cash Management uses advanced Internet security algorithms to guard the privacy of your company’s information and transactions. State-of-the-art permission controls protect sensitive information.

Let’s take a look at the three main elements of our online Interactive Teller system: 

• EZTeller® allows your Interactive Teller to provide more rapid, more accurate transactions and eliminates cash handling errors. It is user-friendly. With this simplified workflow, your tellers can turn their attention to customer retention, increasing product penetration, and uncovering opportunities that drive profitability.
• EZId® provides your financial institution with photo/document capture and retrieval. It also allows improving productivity and service, while reducing fraud.
• Superview® enables your financial institution to set up and control a wide array of brunch options.

Cash management is the business practice of collecting and running cash, on top of using it for immediate invest. It is a key component of a company's financial stability and solvency. Corporate treasurers or business managers are frequently responsible for taken as a whole cash management and related responsibilities to stay behind solvent. Count on Bankers Equipment Service’s expertise as it is a well-known company giving amazing solutions in the field of Retail Cash Management.

Cash management is important because it allows businesses to be solvent a sufficient amount to maintain the company in business even during slow activity or economic downturns. If your business cannot meet its monthly obligations for operations and liabilities you are not solvent. This means that a downturn in the economy or any loss of sales could be demoralizing.  Bankers Equipment Service has been offering outstanding solution for more than 80 years to businesses across a broad spectrum of industries have in automating Cash Automation to supply, implement and service top-quality products for both front and back office efficiency. We at Bankers Equipment Service offer currency discriminator with best yet cost effective solution.

Let’s take a look at the benefits of Cash Automation Technology

·         Reduced Costs

Time and again a recycler is used to facilitate with tasks for example till prepping, complementary and prepping bank deposits, resulting in considerable time and labor savings. This allows banks and stores to move workers to other tasks, creating a well-organized office and saving cash.

·         Increased business deal

Decreasing the time workers spend counting cash, change or processing cash lets them to provide more clients. Cash recyclers also assist ensure that transactions are accurate, while they are processed sooner.

·         Better Access to Cash

This is mostly right for banks as cash recyclers decrease the requirements for trips to the vault, freeing workers to work in other areas and focus on cross-selling products.

Cash recycler

Banknotes are kept into a feeder and traversed a bill identifier to find out the value and legality of the banknotes. This cash is then stored in separate cassettes or modules for dispensing in future transactions. So, it’s the very clarity of recycling, the cash that is deposited to a recycler is the same cash dispensed from it.

Bankers Equipment Service, as a proficient dealer for the industry's leading cash recyclers, provides the prevalent selection of quality solutions in the region to meet the varying needs of our customers. We know well that Cash Recyclers Make Sense. Whether you want to transform your branches or just improve good organization for better productivity, our scalable family of cash recyclers will maintain your approach. 

Call us now to know more. 952-890-6661 / 888-890-6661