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. 

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.

Bankers Equipment Service considers that to give real service you must add something extraordinary to your business. Thus, they provide the highest level of service, products, and solutions that enable the customers to prosper. They meet or exceed customers’ expectations while maintaining a positive environment that provides success for the team members and the company. The range of innovative, proven and compact Cash Counter & sorters of Bankers Equipment Service are designed for counting and reconciliation tasks in both front and back-office environments, in banking, across retail, and in the gaming sector.

Bankers Equipment Service has now expanded the business within the following industries: Financial, Casino, Retail. Customer satisfaction is their main goal. At Bankers Equipment Service, first, they take the time to learn about your business, pain points, and goals. With this information in hand, they identify the right technology to meet your demands. In this way, they ensure that your business needs are addressed and problems are effectively solved. 

Let’s take a look at the three-step approach Bankers Equipment Service follow:

• Identify the right solution to fit your unique needs.
• Educate you on how to best use your equipment.
• Maintain equipment for longer lifecycles.

Need the best Retail Cash Management solution? If so, you can count on Bankers Equipment Service for it? The idea behind Retail Cash Management is to automate the entire cash handling process, from the point of sale to bank deposit. By switching from manual cash handling to cash management, a retail business will improve in several areas. 

Bankers Equipment Service is dealing in many products and services viz. ATM’s, Online Teller Machines, Remote Cash Capture, Document Management, Payment Systems, Cash Recyclers, Lobby Self Service Coin, Coin & Currency Sorter, Strategic Branding, FISASCORE, Backup/Disaster Recovery, IT Security, Ticket Redemption Kiosks, Remittance Process and many more. 

Bankers Equipment Service provides a wide variety of quality document management solutions including check encoding and audit equipment, teller printers, folders, joggers, shredders along check and document scanners. In casinos, they provide “best of breed” ticket redemption. Their innovative technology automates your cash chain - from POS to the Cage through the audit process to the Bank.

The payment dealing out way out captures images and data from payment coupons, captures MICR data from the accompanying checks, electronically interprets the handwritten or printed amounts from the checks.

For further details about Retail Cash Management please visit www.bankersequipment.com. 

In the financial services sector, the term "cash management" is widely employed. Everyone, from the CEO to the janitor, understands the need for proper cash handling and money management. The necessity of cash handling, on the other hand, can be overlooked in the retail industry.

ARCA's Jeff Hauser, marketing professional, and retail market expert highlighted a few of the reasons why cash handling is so critical.

"Cash processing is critical in the retail industry," Hauser added, "especially as competition and the urge to differentiate through customer experience grows." "It's vital to establish loyal customer bases by focusing less on payment administration and more on customer engagement."

So, what can go wrong if you don't handle your money properly? Here's what you should know:

Retail’s Most Common Issues

"Retail Cash Management" is defined as the process of collecting and disbursing money in a firm through a cash counter. This encompasses teller interactions and ATMs, to name a few instances at a bank. Cash handling over the cash counter in retail includes everything from the point of purchase to day-to-day managing money.

"Managing cash increases efficiency and security."

Before we go over the ins and outs of successful cash handling, it's important to understand what can go wrong if you don't have it. The following are three prevalent issues in the retail industry:

Inadequate Thorough Research

Due diligence is one of the most important reasons for cash-handling procedures at the cash counter. Do you always know where your money is? Do you have any idea who has access to it or where it's going? You'll have these answers if you manage your money well. You could quickly run into issues with book-keeping, fraud, theft, errors, and cash flow if you don't have it.

There Is No Paper Trace

The lack of a paper trail is the second typical issue. Retail Cash Management guarantees that you are aware of where your money is and who has access to it. On the other hand, ineffective systems will make it much more difficult to detect and correct issues.

This implies you won't be able to trace a discrepancy in your safe back to its source if you detect it at the end of the day.

Faults in Security

The third issue that arises frequently is one security. Retail Cash Management, whether through regulations or technology, can help your company become more secure.

You'll have more control over your money, including who has access to it, which will help you avoid fraud, theft, and security breaches. Your company's financial security may be jeopardized if you don't handle cash.

If you require any assistance regarding your bank’s cash counter retail cash handling, then please do not forget to connect with Bankers Equipment and get your retail cash management with ease today...

While these are only three frequent issues, proper retail cash management will help your organization in a variety of ways, the most important of which is increased efficiency, security, and convenience.

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. 

Ineffective cash management, on the other hand, could be probably going to cost you more so than you think, which is bad news in a sector where profits are notoriously thin. It's easier than it sounds to keep a very close eye on your cash flow. These 8 retail cash management pointers will get you off to a good start.

1. Keep improving Retail Cash Handling Entity

Examine your cash organization as the first step toward better retail cash management. What percentage of your cash is visible? Do you know where everything is at all times? How quickly can you locate records that show the flow of money in your company?

Maintaining a close eye on cash improves visibility and protects your company from losses.

2. Keep track of your cash handling responsibilities.

It's all too easy in retail to overlook some tasks, and retail cash management is one of them. You'll finish those records the next day. The day sheets can be balanced later.

While it may appear that letting things slide will save you time in the short term, it is far better to follow policies and procedures. If you carefully follow them, you can avoid the negative consequences of poor cash management.

3. Look for areas where you can improve.

Evaluate your cash management process on a regular basis to see if it's paying off. When you track your progress, you'll be able to see what's working and what isn't. With more knowledge, you'll be able to spot areas where you can improve.

You can increase your profitability by seizing those opportunities.

4. Ensure that your processes and regulations are current.

Have you recently implemented new retail cash management software? Perhaps your company has had problems with cash security or visibility. If this is the case, your policies and procedures may need to be updated.

Better policies and procedures define how everyone on your team should deal with money. It's easier to spot inconsistencies when everyone is on the same page.

5. Keep track of how much money you have on hand.

Maintaining an excessive quantity of cash in your biz can result in losses. A set limit is a great precaution to take. Limiting the sum of money in your biz makes it possible to improve safety and safeguard your funds.

6. Employee accountability should be implemented.

It's time to train your employees after you've updated your policies and procedures. Staff who have been properly trained are more likely to follow policies and procedures.

Instruct your employees on the importance of adhering to protocol. They'll be much more likely to follow these policies if they understand why they're in place.

7. Preserve a Routine

Effective cash management necessitates the use of schedules. They assist you in keeping your things running smoothly without any hiccups. You'll always have the right amount of cash on hand if you make bank deposits at specific times and branch transformation. You also know because you'll need to reconcile your documents and when you'll be opening and closing the novels.

Finally, a schedule will show you who will be going to handle your money and when. This increased visibility makes it even easier to keep a record of your money and identify where issues may arise.

8. Recognize when it's appropriate to seek assistance.

A helping hand could be the solution you're looking for if you know your retail cash management needs some TLC. To get the answers you need and improve your cash management, speak with a cash management solutions provider.

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!!!

The pandemic of COVID-19 has changed many things: the technique people shop, the way they effort, the nature of social dealings. It affects their workforces and operations differently. It is to manage the ebb and flow of lockdowns and disturbances.

Other than the increasing rapidity of banks' digital approaches and forcing the improved practice of online and portable banking, social distancing measures have as well the reason for some banks to reassess their area office trails. Economic organizations identify their branches present assessment and that it is vital to have an occurrence, but they are also exclusive to unlock, workers and keep up. In a nutshell, the pandemic could provide evidence to be a remarkable channel for speeding up the trends we have been considering towards digitization money, money executive, and more expertise-based solutions.

Today is a competitive world, and every consumer is seeking handier and more competent methods to find their banking done. And financial institutions are faced with demanding to meet those clients where they are while in the hunt for ways to lessen working prices. Today, banks are seeking the latest techniques to serve their clients.

Progressively, recent financial establishments are accepting the use of interactive teller machines. Interactive tellers offer an ATM-like interface but with the development of a video screen that lets clients converse openly to a service representative in a call center in real-time. To assist this, an interactive teller includes a touch screen, buttons, and a handheld phone providing direct access to the teller, unlike the ATM, where the interaction is to digital transactions through limited button response. So, if you need to buy the best quality interactive teller machines, rely on Bankers Equipment Service.

With the speed and efficiency of our Cash Recyclers, you can wait on our customers more quickly and efficiently if you have your bank services for many commercial deposit customers. You can have very few servicing issues with the machines. BANKERS EQUIPMENT SERVICE ensures that you are dealing needs are addressed, and problems are successfully solved. 

As a certified dealer for the industry's leading cash recyclers, Bankers Equipment Service offers the largest selection of quality solutions in the region to meet the varying needs of our customers.

To know more, please call us on 952-890-6661 today.

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

“Bankers Equipment Service has been serving the needs of its clients for over 80 years”

A good organization should always be a goal for any business. You do not want to waste priceless occasion and money on processes that could be simplified greatly. This is why it can be valuable for some businesses to invest in a better Cash Management solution. Bankers Equipment Service provides premium financial solutions combined with proficient installation, training, and support. As the certified dealer for the leading branch transformation manufacturers worldwide, BES is committed to your success.

To give genuine service, you must add something amazing to your business”. Keeping this in mind, Bankers Equipment Service provides the highest level of service, products, and solutions that enable the customers to grow.

How do you automate cash management?

Automation centers on the acceptance of new equipment when it comes to automating your cash management.  You will be amazed that cash management provides a solution for every type of business. It is one of the simpler solutions especially for small scale businesses that might meet the needs. It is the best for high volumes of cash handling to maintain cash counts and dispense cash; a more refined solution might be consecutively.

Coin Sorter-Benefits Unlimited

Coin Sorter is ideal for all types of business these days. Counting money can engage in a lot of time, particularly when you have other essential things to do. It’s also hard to stay paying attention, and if somebody or something distracts you, you could end up having to start for a second time! Not to point out the hygiene issues around coin handling. It is both more practical and time-efficient to use a coin sorter. It also improves accuracy.

To know more, please visit www.bankersequipment.com

This blog gives information about Bankers Equipment Service that offers the best quality Money Counter and Currency Discriminator. At Bankers Equipment Service, we have been serving the needs of our customers, helping them mechanize their systems to advance productivity and to increase customer engagement and satisfaction for over 80 years.  

Bankers Equipment Service provides the utmost level of service, products, and solutions that enable our customers to prosper. We will meet or exceed our customers’ expectations while maintaining a positive environment that provides success for our team members and the company. We provide industry-leading technology solutions to help you transform your business.

Money counter 

We are one of the most trustworthy industries leading technology solutions provider and our range of innovative, established, and solid money counters & sorters are designed for counting and reconciliation tasks in both front and back-office environments, in banking, across retail, and in the gaming sector.

Currency Discriminator 

Bankers Equipment Service offers the first-rate Currency Discriminator that eliminates the need to presort bills before counting. Just look in a batch of varied bills, no matter the denomination or which they are facing, and it will quickly count them and give you a total amount, and it can also tell you how many bills of each value.

Let’s take a look at why choose Bankers Equipment Service:

• installation

Our skilled and knowledgeable installation team will work with you to make sure your new investment will be working the way you want it to.

• Training

We will help you learn to use the products you’ve paid for, so you can make the best use of the full potential of the expertise.

• service

Our mission is to provide the utmost level of service, products, and solutions that enable our customers to prosper. It is for this reason that we fully service every product we sell. If you have a question, require assistance troubleshooting an issue, or need a machine repaired or replaced, call us.

• guarantee

If any product or service we sell does not meet your expectations, we will do our best to try and resolve the issue for you. Because your satisfaction is our ultimate goal, if we can’t find the right solution, you may return the product for a full refund.

Call us today for further details at 952-890-6661 / 888-890-6661