Currency

Blog: Reduce, Reuse, Respond: How Cash Recycling Supports the Cash Automation Journey

March 23, 2017 | DIEBOLD NIXDORF

Financial institutions (FIs) are no longer wondering 'if' cash recycling systems (CRS) should be implemented within their branches; but rather 'how'.

The “how” of any business decision can be tricky. Implementation in the financial industry presents a whole new level of challenges. There are complex migration processes that FIs may be unaware of, but must be mindful of to ensure positive consumer engagement and successful integration.

By leveraging Diebold Nixdorf’s learnings from multiple CRS projects, a white paper was developed to share the planning, implementation and operations of the process to efficiently and effectively implement a CRS.

True cash cycle management is more critical than ever in today’s payments environment. While non-cash payments are experiencing growth, cash is still the preferred payment method. In fact, nine out of 10 payment transactions are handled in cash. This led to a forecast of worldwide cash withdrawals at ATMs to grow by 5% per year on average.

Cash recycling can capitalize on consumer preferences and give FIs the opportunity to:

  • Reduce the cost and planning process of cash replenishment.
  • Reuse the cash put in as your output—to minimize time and optimize availability.
  • Respond to consumer interactions and increase consumer confidence, loyalty and trust.

Take a moment to download the white paper, Eight Steps to Successful Cash Recycling, to better understand CRS migration. A must-read for FIs considering the deployment of CRS, this roadmap defines how CRS can reduce cash management costs.

Still have questions about cash recycling? We have answers! Let’s start a conversation.

Tags