Glory RBG-100, Hyosung MS500 and ATEC LTA-350 Teller Cash Recyclers are picking up dramatic speed in implementation in the US market. Read more about this in our article 5 Reasons why you should reconsider cash recyclers. As many FIs look to improve efficiency, create new, more open branch formats, or align staffing models more towards a universal staffing model, TCRs become the cornerstone of how the branch can achieve many of those goals.
It's late Friday afternoon, and each lane of your drive-through is five cars deep. Inside the lobby, the line at the teller counter has tripled in the last five minutes, and more clients are walking through the door. Your tellers are hustling and bustling while your client service reps politely poll the lobby crowd to see if anyone needs assistance opening an account or applying for a loan.
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With over 3 decades of retail experience, I have found that the single most underappreciated aspect of running a retail business is controlling your most valuable inventory item, cash. Yes, as a Multi-Unit Subway Franchisee cash was an inventory item treated no differently than bread sticks, meat or cheese. I stocked it, I ordered it and most importantly, I counted it.
It is interesting to look at these two cash recyclers side by side because, for me, it’s like comparing apples to oranges. While the CM18 is a good looking, tech savvy unit; I would say it really only serves low to moderate volume locations well. The MoniSafe 500 is truly designed to be a recycler for high volume locations and institutions that are looking to improve overall branch cash management between multiple devices. Below are the pros and cons of each machine so that you can make an educated decision about which one will best fit your needs.
Not all cash recyclers are made or operate the same, but there are definitely some dominant market leaders when it comes to quality and strength of features. We are about to provide a side-by-side comparison of 2 market-leading recyclers; the Glory RBG-100 and the recently released Nautilus Hyosung MoniSafe 500.