NCR SelfServ 63 Offers Cash Recycling To Increase Capacity, Cut Costs

Posted On: 9/10/2019

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ATLANTA, GA -- NCR Corp. has introduced its new SelfServ 63 automated teller machine to the North American market. The compact ATM offers check deposit capability and incorporates NCR's second-generation cash recycling technology. It is available in 89 countries around the world.

NCR pointed out that cash is here to stay, but the expense of handling cash represents 5% to 10%t of bank operating costs and is rising in most markets, according to a recent report. NCR regards recycling technology as a critical tool for helping banks and credit unions improve the efficiency of cash operations and branch transformation initiatives.

According to NCR, the SelfServ 63 can offer up to 130% more cash capacity and reduce cash-in-transit costs by as much as 50%. It also features enhanced security options, including a tamper-resistant card reader, and it facilitates transition to a digital future with a contactless card reader. The machine also includes NCR's intelligent deposit technology to accept cash and checks, and can be used in a cash dispense/deposit-only configuration until cash recycling is required.

"Worldwide, cash recycling ATMs are a growing component of self-service banking, and the NCR SelfServ 63 enables more flexible deployment of this technology," said Adam Crighton, general manager, Self-Service Banking for NCR Corp. "As financial institutions and other financial service providers plan for the future, the NCR SelfServ 63 small-footprint cash recycler will help them meet this growing market opportunity."

NCR Corp. is a leading software- and services-led enterprise provider in the financial, retail, hospitality, telecom and technology industries. It has a staff of 34,000 employees and does business in 180 countries.