Cash Depot Ltd. announced the launch of BANK IN A BOX, its new cash management, ATM and consumer financial services system. The technology is designed as a full-service and cryptocurrency ATM, as well as providing cash management, money transfers, bill-pay kiosk services and more.
"BANK IN A BOX is a new take on retail ATMs and cash handling," said Sean Burke, CEO for Cash Depot.
According to the company, the BANK IN A BOX system leverages an innovative and custom-built technology stack on top of the latest in cash and ATM equipment to provide a unique all-in-one solution for retail locations. The cash functionality includes:
- Start-of-shift register funds
- Split bills and pull change
- Unlimited deposits for intra-day and end-of-shift
- Real-time, customizable reporting
- Complete, back-end permissions control in the proprietary BANK IN A BOX portal
In addition to store cash management, the standard BANK IN A BOX application stack includes ATM functionality, multi-denominational transactions and bank deposits for account holders of participating financial institutions.
"There are far-reaching benefits and opportunities provided to us and our retail partners by solving a consumer need with BANK IN A BOX," said Tony Gaines, CRO for Cash Depot, "and we are excited to bring this technology to market."
Cash Depot has more than 37,000 machines in operation. NACS Daily recently reported on the number of ATMs in the U.S. and the innovation of crypto-currency machines.