Why You Need Cash Recycler ?

Have you ever thought about 2 questions before making a decision on ATM deployment:
  What are you expecting to get from deploying ATMs?
  Have you ever thought about the ATM operational cost after deployment?

The ATM total cost of ownership generally includes infrastructure cost, service cost and cash handling cost. Cash handling cost accounts for 40% of ATM operational cost in average.

Because of cash recycling, the recycler operational cost can be reduces by minimizing the idle cash and cash replenishment frequency. According to GRG’s experience in China that, cash recycler can reduce cash handling cost more than 9000 USD per year, and provide very fast ROI for bank.

This infographic from GRGBanking offers questions you should ask before making an ATM deployment.

Information collect from atmmarketplace.

What is a Cash Recycler?

A cash recycler is a complex machine that handles a couple of simple, but important tasks—accepting and dispensing cash. It also stores money securely, keeps an accurate accounting of cash on hand, and automates the cash cycle. Generally, you’ll find them in banks, credit unions and back-office retail cash rooms.

Cash recycling enables an ATM to accept, validate, sort and store banknotes quickly and reliably.
These banknotes can then be made available to customers who wish to take out cash, reducing cash replenishment costs for the bank and improving service availability for its customers.
Recycling has to comply with legislation around the globe in order to protect the bank and the consumer while complying with banking regulations.