Since all cash operations
are controlled by the bank's application, including refill and take out, the actual cash situation is always tallying with the books; therefore, no daily cash reconciliation is necessary."
The acquisition also encompasses ISA-Ecash's ATM Manager Pro software offering, which makes it easier for ATM deployers to maintain total command of ATM and cash operations
. ATM Manager pro currently supports more than 270,000 ATMs across America.
With around 90 percent of all consumer transactions completed in cash, banks and retailers across the country are recognizing the opportunities presented by automating their cash operations
to reduce costs, increase security and refocus staff on higher value customer facing activities.
Kathleen Taylor, assistant vice president, Reinsurance Accounting and Cash Operations
, has been promoted to vice president, Accounting Operations.
Meanwhile, Kathleen Taylor, assistant vice president, Reinsurance Accounting and Cash Operations
has been promoted to vice president, Accounting Operations.
Cash automation devices, i.e., recyclers, perform manual cash operations
quickly and accurately.
The Bureau of the Treasury's latest cash operations
report released Wednesday showed that the fiscal deficit at the end of the first seven months increased 36 percent from the P205 billion posted during the same period last year.
Based on the latest cash operations
report of the BTr, debt settled by the national government reached P159.1 billion in May, two times higher than the P78.39 billion recorded in the same month last year.
State Financial Intelligence Service intends to check reports on large-scale cash operations
, Chairman Aibek Kadyraliyev said.
The share of cash operations
in remote services channels totalled 87%, remote services helped clients save 27 million hours per year.
The number of branches at the end of March 2017 reached 388 branches and 3,300 ATMs for cash operations
. The number of POS locations reached 13,300.