Asseco SEE Implemented New Cash Recycling Devices for ProCredit

The cash recycling system, mainly used by ProCredit’s corporate clients, allows them to make cash deposits outside their regular business hours.

Over the last decade, ATMs were considered to be the source of cash dispenser, but with a lot of technological advancements of the banking and financial institutions, they have become a definite advantage for corporate customers, enabling them to easily handle a broad range of transactions, including withdrawal of funds and deposits to the accounts.

Customers always focus on three things which include convenience, efficient services and availability of cost-saving measures. Since these things are also very important for corporate banking clients, ProCredit bank in Serbia keeps with the trend as well and provides the most convenient service to this segment.

The latest bank’s project was raising the number of cash recycling systems to over 70 recycling units. The cash recycling system, mainly used by ProCredit’s corporate clients, allows them to make cash deposits outside their regular business hours. For example, store owners in shopping centers can use the systems to deposit their daily takings after the store closes. When a deposit is made this way, the user immediately receives a slip confirming the deposit, and the funds are automatically available at user’s account.  On the other hand, cash recycling systems shorten the cash cycle by testing deposited banknotes for authenticity and condition, and then making them available again for dispensing, which significantly decreases the cost of cash handling for the bank.