Financial Institution blog

The QDS Blog

We are students of the industries and customers we serve, and we use our ongoing observations and experiences to create educational blog articles that educate and empower our readers.

Blog Author Feature

Joe Farrell

Joe Farrell graduated from Florida State University with Majors in Finance and Marketing. Joe interviewed and accepted a position with Xerox and started his sales training immediately. Joe was moved to Savannah Georgia where he became the ASR of the Region. July of 1972 Joe interviewed with EJ Quirk, then President of Brandt Inc in Watertown, Wisconsin, and at the age of 22 became the youngest Sales Rep hired by Brandt at that time. Joe began his career with Brandt in Orlando Florida and later moved to Fort Lauderdale to assist in running the operation for the State of Florida and the Bahamas. In 1977 Joe became the youngest District Manager hired by Brandt to manage a newly created territory, the State of Oklahoma. Joe was also the Brandt District Manager of the Year in 1981. Joe also served on a team for the next two years that evaluated OEM opportunities for Brandt. July of 1983, Quality Data Systems, Inc. was incorporated in the State of North Carolina. Joe assumed the role of President and worked with a team of other former Brandt District Managers in a territory that consisted of NC/SC/ETN/VA/DC/MD. In 2004 Joe’s son Sean Farrell joined the QDS team after a brief stint in professional baseball, and the company has grown to where it is today 31+ years later.

Blog Feature

Cash Automation | Retail

By: Joe Farrell
November 20th, 2015

As we evaluate cash trends in retail, we find the following metrics provide valuable insight into what the retail market is facing and how cash continues to provide challenges to operational expense. 

Blog Feature

Retail

By: Joe Farrell
September 29th, 2015

Every year a variety of clients ask us if they need a cash discriminator or will a basic counter meet  their needs The clients range from Banks and Credit Unions, to Ice Vending companies and every imaginable cash counting  company in between.  What do they all have in common? They all have a need to count cash quickly and accurately and prepare their respective deposits for the bank. By asking some pertinent questions we have found that we can fairly quickly understand what each client needs for their respective operation. So let’s get started.

ATM Install Checklist 2019

ATM Install Checklist

This ATM checklist will dive into how to prepare when purchasing ATMs, best practices for preparing and installations. Subscribe to the QDS blog and get your free copy.

Blog Feature

By: Joe Farrell
May 12th, 2014

QDS is in a unique position to be a Distributor, because we are also a dealer for a number of product lines ourselves. This allows us to interact with other Distributors and gives us a unique perspective on how we wanted to be treated as a dealer and makes us very aware of the things that can cause pain for dealers.

Blog Feature

Cash Automation | Branch Transformation

By: Joe Farrell
April 21st, 2014

  Many financial institutions still implement the use of basic currency counters to help process cash.  There are several problems created with that strategy.  First, if there is a wrong denomination mixed in with a strap it will be counted as a proper denomination therefore putting the teller out of balance or prolonging the out of balance situation.