Is the United States Ready for Cash Recycling?

Lusis Payments

U.S. banks have flirted with the idea of cash recycling for several years. Recently, however, the North American market has become more serious about cash machines — largely due to the fact that cash recycling machines have dramatically come down in price. A cash recycling machine that cost $45,000 to $55,000 five years ago costs between $15,000 and $40,000 today.

The big question that remains: Will cash recycling continue to be a subject that garners a lot of lip service and little action, or are U.S. financial institutions finally ready to act?

Cash Recycling in a Nutshell

Cash handling machines perform simple but important teller tasks:

• Accepting cash
• Dispensing cash
• Storing cash securely
• Tracking the amount and denominations of cash on hand
• Automating the cash cycle