As physical branches continue the march towards a mostly automated future, teller cash recyclers, or TCRs, are playing a significant role. At Hyosung America, teller cash recyclers are some of our most popular designs as financial institutions across the continent implement their own branch transformation strategies. We field many questions about TCRs, so we put together an […]
A retail cash recycler is an ideal addition to a wide range of commercial spaces that serve customers. This newer generation of ATM machines provides a sophisticated way to please customers while improving the profitability of the retail space. There are a number of functions to consider as you explore your choices, including security features and pre-balance […]
Retail ATM machines can be a great choice if you’re looking to earn more income for your business. By becoming a retail ATM machine provider, you create a passive income stream that doesn’t require much effort and allows you to set your own fees. In addition, it can also increase foot traffic to your retail store and generate repeat customers in your community. Here are five […]
Cash recycling machines are an excellent option for retail businesses in the post-COVID-19 era not only because they improve efficiency and save time and money, but because they significantly reduce the total number of touchpoints, helping keep customers and employees safer. The pandemic has changed a lot of our social behaviors, especially when it comes […]
Customers are accustomed to inserting their cards into retail ATM machines to complete transactions, but by and large, they also eagerly embrace new technological capabilities that make their banking interactions easier and safer. Although ATM cardless cash withdrawal has only been available for a few years, consumers have welcomed the new technology with open arms. […]
Since the advent of the pandemic, many business owners have been left wondering how the turbulent economic times may affect their companies in the months ahead. The good news is that even difficult times can open the door to new opportunities. For example, some companies are capitalizing on emerging trends by deploying more ATMs among […]
When you become a retail ATM machine provider, it’s important to understand how it works. While they are designed to make each transaction easy and straightforward, some customers may still experience difficulties or remain unsure how to use them—and as the owner, they will look to you for answers. Here is everything you need to […]
When it comes to banking technology, it seems like things are changing faster than ever. There always seems to be new essential hardware and software, and the preferences of customers are also continually evolving. One thing is for certain though—it always pays to be efficient. You may have heard that a teller cash recycler, or […]
Although people rely on debit and credit cards, and card-less mobile banking apps for transactions, there is still a considerable demand for retail ATM machines. In addition to providing cash, these machines enable users to deposit checks, which further increases the customer demand for readily available ATMs. However, merely having a sufficient number of them […]
Cash recycling ATMs are similar in many ways to traditional ATMs, so is there really a benefit to upgrading the hardware of your branch and remote network? The answer is a resounding “yes.” Cash recycling, performed by teller counting machines and ATMs, offers a few important advantages over standard banking hardware. Read more as the experts at […]
An average ATM machine costs $3,000. However, they can range anywhere between $2,000 – $8,000. Many factors influence the price, such as the level of banking services available, if it’s freestanding or built-in, and whether or not it offers wireless technology. A newer version with advanced technology can cost more than $10,000. Retail ATM machines […]
Mr. Keith Lennard serves as the Vice President, Head of Software at Hyosung America. Mr. Lennard is responsible for all Software Development, Professional Services and Managed Services. With 10+ years of leadership experience in Financial Services and nearly 20 years in Software Development, Mr. Lennard has a proven track record of transforming organizations, scaling for […]