Cash: Still Here, Still Relevant As digital payments surge, community banks are modernizing—without leaving anyone behind. Have you bought a cup of coffee lately? You might have noticed how transactions look these days. Digital wallets and tap-to-pay cards have been taking over the checkout counter. Across urban and rural alike, digital payments are becoming second...Read More

At Bankers Equipment Service, we believe real partnerships drive real progress. For nearly 90 years, we’ve gone beyond technology to deliver trust, results, and lasting relationships. Hear directly from our clients in our latest video and see how the right partner can make all the difference. Watch Now  Read More

Your bank tellers are the first line in your organization’s ability to deliver a high level of customer service to your customers. By implementing teller cash recyclers, you can; Streamline transactions, optimize staff resources and reduce errors Improve your customer experience, Gain staff efficiencies, Reduce operating costs and overhead, Optimize your branch for the future...Read More

Customers everywhere are increasingly looking for frictionless and personalized experiences all with the option of being self-service. In banking this requires a more digital mindset, shifting both technology and culture. To stay competitive, banks need to embrace new digital technologies and blend them into their physical branches. Doing so will empower their employees to focus...Read More

The world of retail is filled with many moving pieces. Proper management of cash and banknotes is an intrinsic part of both customer interactions and back-end operations. Unfortunately, for busy retailers many parts of cash management tends to end up on the sidelines as they worry about other tasks. Failure to have an effective cash...Read More

“By integrating more ITMs and ATMs into branches, financial institutions can have fewer people working in a branch and, those that are, can help customers get accustomed to the newer systems….banks and credit unions should be thinking about how many of these machines they would want per branch, not if.” A great article about what...Read More

Few dispute that the traditional branch format no longer fits most consumers’ banking habits, but therein lies an expensive dilemma: What to do with the 100,000-plus branches still in operation in the U.S. Some institutions have tried new approaches, but with unknown results. One existing option (if it were better executed) could provide the way...Read More

As the banking industry faces tighter margins and increasing competition for customers, many financial executives find themselves looking to cost reductions and department downsizing to better their bottom lines. Yet, those who take a balanced approach and identify the right operational efficiency initiatives may find that what’s good for profit margins may also improve the...Read More

You may already know this, but it’s worth revisiting the basic economy of banking. Banks and credit unions make money by acquiring funds through deposit accounts and then lending those same funds to customers with interest. While they have many direct and indirect channels to lend funds, the most cost-effective way to get the deposit...Read More

If your ATMs are getting old and you are thinking about replacing them or if you have a branch transformation strategy that entails restructuring to a more cost-effective physical delivery platform, going to an interactive/video teller machine (ITMs) must be a consideration. This isn’t an easy decision, especially when there are few banks that can...Read More