Productivity Implications of Cash Recycling Technology

March 26, 2008

Every credit union is looking for ways to increase the productivity of their teller operations and enhance member service, all while maintaining high levels of security. By one estimate, a banknote is often counted by hand at least six times on its journey from the vault through the branch, with normal Member transactions, trips to the vault, end-of-day reconciliation. This podcast features an interview with Mark Shonebarger from NCR Corporation discussing how cash recycling technology that automatically authenticates, counts, stores and makes available deposited currency notes can reduce teller processing time by as much as two-thirds.

Contacts: Mark Shonebarger, MS100007@ncr.com, (937) 445-9488

Local NCR representative -- NCR - 800 - CALLNCR (800-225-5627) - prompt 1, then 2.

References: www.nafcu.org/ncr