SmartCash teller automation devices now interface with iCom
cash-management software from Fiserv, according to Burroughs Payment
Systems which
made the announcement. SmartCash currency recyclers and dispensers, working
together with iCom, empower clients to convert cash-use data into
actionable intelligence
according to Jeff Hauser, Burroughs SmartCash Program Manager.
iCom analyzes branch cash-use trends, using data compiled by SmartCash
currency
automation devices, allowing management to make more accurate
cash-inventory decisions.
As a result of collecting data from an integrated SmartCash device, the
iCom solution requires
minimal manual inputs thus allowing branch managers to focus on growing
their business rather
than managing cash-inventory levels. Clients are able to translate the
wealth of data collected
by SmartCash devices into accurate cash forecasts, using the predictive
capabilities of iCom.
âTeller cash recycling devices are one of the keys to efficient branch
cash management.
Utilizing both the Burroughs SmartCash devices and iCom from Fiserv can
lead to significant
cash reduction and savings for financial institutions,â said Brian
Jorgenson, director of Product
Management, Cash and Logistics, Fiserv. âWith the cost of cash handling
continuing to rise, it is
important financial institutions take cash-inventory management seriously.â
Burroughs Payment Systems and Cash and Logistics from Fiserv are focused on
empowering their clients to manage their cash supply chain more efficiently.
About Burroughs Payment Systems
Burroughs is a Plymouth, Mich.-based global provider of document and payment
processing image technology, cash automation solutions and services to
financial institutions
and retailers. The Company’s products provide banks and commercial
customers with safe,
secure and prompt document and cash processing which improves
operational efficiencies and
payment security. With more than 100 years of history, Burroughs is
recognized as the industry
leader in image processing technology from web-enabled branch and
merchant capture devices
to high-speed reader/sorters in some of the largest payment processing
centers worldwide.
For more information, please visit www.burroughs.com.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of
information management
and electronic commerce systems for the financial services industry,
driving innovation that
transforms experiences for financial institutions and their customers.
Ranked No. 1 on the
FinTech 100 survey of top technology partners to the financial services
industry, Fiserv
celebrated its 25th year in 2009. For more information, visit
www.fiserv.com.
