South African lender Nedbank Group has chosen 250 units of NCR’s teller cash recycler to speed up transaction and enhance branch banking experience.
NCR Cash Recycler 11 has been designed to automate the acceptance, authentication and validation of bank notes as well as make the notes instantly available for dispensing to customers.
This gives tellers more time to interact with customers and also allow them to cross-sell additional products and services.
Besides, NCR’s cash recyclers also bring down cash deposit transaction times by up to 50% and cash dispensing transaction times by up to 40%, claims the company.
NCR country manager for South Africa Dimitri Kanellopoulos said: "There is a growing trend for financial institutions to transform their branch banking experiences with new technologies. NCR is playing a critical role to assist banks during this transformational journey with our next-generation solutions to unlock amazing customer experiences.
"The NCR teller cash recycler’s transforms branch experience by enabling tellers to interact with customers face-to-face without any boundaries."