Handling cash is a big part of the retail banking industry. From service industry workers who deposit cash tips after a long week on the job, to businesses who often deposit thousands of dollars of cash multiple times a week, your tellers spend much of their day handling money. At Hyosung Americas, we’ve developed hardware […]
These days it seems like new transaction options are constantly being added to ATMs. One of the most exciting and useful new services is Mastercard’s Cash Pick-Up service, which allows you to send cash to a recipient who can then pick it up at a participating ATM. Hyosung America ATMs, updated with the latest Mastercard […]
Interactive teller machines, or ITMs, are some of the latest technology being used to upgrade the banking experience for the information era. In addition to modern branch transformation ATMs, these incredibly versatile machines allow for teller-assisted transactions, which vastly increases the number of transactions that can be performed. Upgrading to an ITM-based branch is no […]
You’re headed to the farmer’s market, need some cash to pay the babysitter, or want to quickly deposit a paycheck. Like you’ve done hundreds of times before, you simply swing by the nearest ATM to withdraw cash or make a deposit. We’re so used to performing banking transactions like this that we rarely pause to […]
ITMs, or Interactive Teller Machines, have become key branch transformation enhancements— that are helping financial institutions across the continent modernize the banking experience. But what exactly are the differences between ATMs and ITMs, and what are the benefits of deploying the latest interactive machines? Here’s a quick explainer from the experts at Hyosung Americas. The […]
We all know the retail banking landscape has changed dramatically in the last decade, even over the last few years. With new banking apps, many of the most frequent transactions can be accomplished from just about anywhere. An increasingly cashless world means depositing and withdrawing funds isn’t always a top priority for consumers. So how […]
Comprehensive information on the basics of automated teller machines (ATMs), services, and solutions. Boosting Business Revenue with Retail ATM Machines Differences between ITMs and ATMs How an ATM Cash Dispenser Works How Do Cardless Cash Withdrawal ATMs Work? How Do Cash Recyclers Work? How Does a Teller Cash Recycler Work? How is a Cash Recycler […]
Retail cash recyclers (or RCRs) are machines designed to quickly count, store, and dispense bills, automating a task that usually needs to be done manually by store employees. RCRs are a version of the machines that bank tellers use to count cash but are designed especially for the retail industry. Benefits to using retail cash recyclers include increasing staff […]
Hotels have many revenue stream possibilities. Aside from the charges for overnight guests, hotels can enhance their profitability with restaurants, gift shops, bars, coffee shops, and many other amenities. However, these additional revenue streams can often be largely cash-based, which creates the necessity of allowing guests to access a convenient source of cash withdrawal. Rather […]
Today, anyone can walk up to an ATM and retrieve the cash they need for their everyday transactions. It’s easy to take this convenient banking technology for granted, yet it hasn’t always been available. The first retail ATM machine appeared in the U.S. in 1969. It only had one function: to provide cash. Today, they can do so much […]
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 […]