Overview

Smartec has developed a new ATM (automated teller machine) with cash recycling capabilities that will provide cash-handling solutions in the field of banking automation on a global level. The ATM can handle banknotes of various currencies and sizes, and it enables automated deposit and banknote recycling for self service solutions. These features assist in the expansion of banking services, strengthen ATM management performance and improve the efficiency of fund application.

The ATM epitomises Smartec’s experience and technology, enhancing hardware and software, based on concepts of versatility and flexibility. This cash-recycling ATM ensures that Smartec fulfils the requirements and specific conditions of its customers.

Advantages of automated deposit and banknote recycling are:

Automated deposit function
With the automated deposit function, the ATM can adjust account information immediately after the deposit transaction. This function eliminates the need for bank staff to count and record the deposited banknotes in the back office.

Banknote recycling system
The banknote recycling system can divert deposited banknotes into use for subsequent withdrawal transactions, storing banknotes in the same place for both deposit and withdrawal. This system reduces the required space for storing cash needed for withdrawal, and banks can release their funds for alternative use.

Operational Costs
Banks can also reduce ATM running costs, because frequent cash replenishment is not needed.

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