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Automated cash handling

Index Automated cash handling

Automated cash handling is the process of dispensing, counting and tracking cash in a bank, retail, check cashing, payday loan / advance, casino or other business environment through specially designed hardware and software for the purposes of loss prevention, theft deterrence and reducing management time for oversight of cash drawer (till) operations. [1]

11 relations: Automated teller machine, Bank, Banknote, Banknote counter, Cash, Currency detector, Currency-counting machine, Intelligent banknote neutralisation system, Manual fare collection, Payday loan, Teller assist unit.

Automated teller machine

An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, transfer funds, or obtaining account information, at any time and without the need for direct interaction with bank staff.

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Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Banknote

A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable promissory note, made by a bank, payable to the bearer on demand.

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Banknote counter

A banknote counter (or bill counter) is a device designed primarily to accurately count a quantity of banknotes.

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Cash

In economics, cash is money in the physical form of currency, such as banknotes and coins.

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Currency detector

A currency detector or currency validator is a device that determines whether notes or coins are genuine or counterfeit.

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Currency-counting machine

A currency-counting machine is a machine that counts money—either stacks of banknotes or loose collections of coins.

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Intelligent banknote neutralisation system

An intelligent banknote neutralisation system (IBNS) is a security system which protects valuables against unauthorised access to its contents by rendering it unusable by marking all the cash as stolen by a degradation agent when an attempted attack on the system is detected.

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Manual fare collection

Manual fare collection is the practice of collecting fares manually (without the aid of an automated machine).

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Payday loan

A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are also sometimes referred to as "cash advances," though that term can also refer to cash provided against a prearranged line of credit such as a credit card.

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Teller assist unit

Teller assist units (TAU), also known as automatic teller safes (ATS) or teller cash dispensers (TCD), are devices used in retail banking for the disbursement of money at a bank teller wicket or a centralized area.

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Automated Cash Handling, Banking automation, Cash handling system.

References

[1] https://en.wikipedia.org/wiki/Automated_cash_handling

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