Industry-leaders join forces to install cash recycling functionality in ATMs in North America

Nautilus Hyosung America (Hyosung), the #1 provider of ATMs in the United States and market leader in Branch Transformation solutions, today announced a partnership with Elan Financial Services (Elan), a leader in electronic funds transfer (EFT) processing, to provide banks and their customers with a consumer-focused, innovative ATM experience.

Elan’s customers will now have access to Hyosung’s revolutionary MX8800 and MX 7800i solutions to facilitate the evolution of the branch distribution channel. This solution provides customers a staff-assisted channel for conducting routine transactions while enabling bankers to spend quality time consulting with customers to better understand their banking needs and build more impactful relationships.

The implementation of Elan’s comprehensive cash management system coupled with the recycling capability of the MX8800 enables branches to use a customer’s deposited cash for future withdrawals, reducing the frequency of cash replenishments. In addition to streamlining branch operations, Elan offers a flexible processing platform that provides high availability and responsive processing of ATM and debit transactions.

“We are proud to partner with Hyosung in the delivery of this solution,” said Suzanne Galvin, SVP, Product Management for Elan Financial Services. “The combination of cash recycling, multi-denomination cash and single deposit settlement represents a significant step forward in branch service delivery and efficiency and an improved consumer experience.”

“Our partnership with Elan and subsequent cash recycling rollout is an example of our commitment to delivering banks and their customers the highest quality products and user experience possible,” said Andy Orent, President and CEO of Nautilus Hyosung America. “We are thrilled to partner with Elan and look forward to future collaborations.”