NCR signs multi-year agreement with cash recycling company

Cash re-counted six times from vault to branch

NCR Corporation has announced the expansion of its branch optimisation portfolio by signing a multi-year technology license agreement with cash handling technology company, CIMA S.p.A.

NCR will leverage its manufacturing, customer services, and sales and marketing breadth to bring CIMA's Teller Assist Cash Recycler (TACR) to the global marketplace.

TACR technology helps improve branch efficiency and customer service levels, cornerstones of all retail bank branch strategies today.

The compact TACR automatically authenticates, counts, stores and makes available deposited currency notes, which are then recycled back to customers over the teller counter.

With today's labour-intensive cash counting process, it is not uncommon for a banknote to be counted by hand at least six times on its journey from the vault through the branch. As much as two-thirds of a teller's daily processing time can be reduced using the TACR technology.

The units will be offered as a component of NCR's branch optimisation portfolio.

Vittorio Razzaboni, managing director of CIMA, said it is an ideal time to bring the solution to a wider audience.

Brian Bailey, vice president of global marketing for NCR's financial solutions division, said the company seeks to continually innovate to improve the overall banking experience for customers.

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