News
This article was published more than 3 years ago and the content may be outdated.
Cash Connect bulk deposit acceptor delivers speed, efficiency
Friday, February 02, 2018
From ATMmarketplace.com
Cash Connect, a Johannesburg, South Africa-based provider of cash management solutions, has introduced a self-service bulk cash deposit machine that accepts deposits of 800 notes and 800 coins per minute.
The ATM-like device helps users save time and makes deposits more secure, according to a report by fin24tech
It also makes them more accurate, Cash Connect CEO Richard Philips told the publication. The BDA offers an automated solution that handles cash up to six times faster than humans can, without error.
"The BDA also offers secure biometric identification system that reinforces accountability and eliminates cash shrinkage," Pierre Liebenberg, Cash Connect general manager for solutions development and manufacturing told fin24tech. "Retailers' cash is guaranteed through a system that identifies people and assigns accountability based on fingerprints."
Cash Connect, a Johannesburg, South Africa-based provider of cash management solutions, has introduced a self-service bulk cash deposit machine that accepts deposits of 800 notes and 800 coins per minute.
The ATM-like device helps users save time and makes deposits more secure, according to a report by fin24tech
It also makes them more accurate, Cash Connect CEO Richard Philips told the publication. The BDA offers an automated solution that handles cash up to six times faster than humans can, without error.
"The BDA also offers secure biometric identification system that reinforces accountability and eliminates cash shrinkage," Pierre Liebenberg, Cash Connect general manager for solutions development and manufacturing told fin24tech. "Retailers' cash is guaranteed through a system that identifies people and assigns accountability based on fingerprints."
Additional Resources from ATM Industry Association
- 5/22/2026 - Stronger Together Connecting a Global Community to Advance the Future of Payments and Financial Access
- 5/13/2026 - The Role of Cash in Times of Crisis: Implications for the Payments Ecosystem
- 3/5/2025 - PAYMENT CHOICE: WHY IT IS IMPORTANT TO GIVE THE CHOICE TO THE CONSUMER
- Show All ATM Industry Association White Papers
- 11/1/2026 - What's Trending at ePayResources + ATMIA | October
- 10/28/2026 - Which Asian Countries Still Use Cash in 2027? A Guide for Australian Travellers
- 10/28/2026 - 'Beyond the Cost Debate': A Multidimensional Approach to Quantify the Value of Cash for Society
- 10/28/2026 - Is using cash for purchases becoming a thing of the past?
- 10/28/2026 - Cash deposits surge to 17 million as strained families rely on notes again to plan ahead
- Show All ATM Industry Association Press Releases / Blog Posts
