The rise of cashless bank branches
As contactless payments, digital wallets, and online banking become the norm, the reliance on cash is steadily declining. In fact, only 20% of all transactions in 2024 were made with cash.
Fully digital banks "neobanks" that focus on crypto and investments are rising in popularity, while traditional banks are struggling to keep up.
How does "going cashless" help traditional banks?
What are the benefits of a cashless economy?
Efficiency and Convenience
Cashless transactions streamline financial processes, reducing the need for physical money handling and minimizing the risks associated with cash theft or loss.
Improved Financial Tracking
Digital transactions provide a detailed record of all financial activities, helping customers easily monitor their spending and manage their budgets.
Environmental Impact
By diminishing the need for printing, transporting, and storing physical currency, banks can significantly lower their carbon footprint and contribute to sustainability efforts.
Cashless ATMs for shifting for customer needs
With this transition to a cashless economy in full effect, banks will need to re-evaluate branches & offerings to give customers more than cash. That's where TellerCentral, a machine that offers:
- Cashier's checks
- Bank cards
- Account openings
and more, all from one machine.
See all the features of TellerCentral
Secure, cashless transactions with TellerCentral.
TellerCentral facilitates the secure exchange of documents, ensuring that customer data remains protected in an increasingly digital marketplace. These security measures boosts customer confidence and fosters stronger relationships between banks and their clients.
Seamless integration
TellerCentral integrates seamlessly wit h most modern banking core software
Enhanced Security
Robust anti fraud & security meantures including biometric scanning, encryption, and secure MICR printing
Improved Customer Experience
Intuitive, user-friendly interface for easy navigation and transactions, plus easy maintenance and remote monitoring.