Gone are the days when the faithful cashier sat at the counter in a bank and diligently counted the cash. Cash counting is now the job of machines and they usually do the job without any errors – and of course, without any pressure.
Fiserv is well known in the field of financial products. The company was recently selected by Geldservice Nederland B.V. (GSN) to automate its cash and logistics technology platform.
GSN provides cash counting services for the three major banks in the Netherlands.
The products selected by GSN include Integrated Currency Manager, Device Manager, Performance View and MatchPoint from its Cash and Logistic Solutions portfolio.
Currency Supply Chain Management Solutions from Fiserv allow users to forecast dynamic supply chain needs of distributing, administering and transporting currency across various cash points and locations.
Banks can also automate and simplify currency management for their merchants.
“Geldservice Nederland chose Fiserv to be its long-term cash and logistics partner because they trust Fiserv to deliver an industry leading technology platform that will automate the communications within its cash cycle,” said David McLaren, business development director, EMEA, Cash and Logistics at Fiserv. “In addition, the platform can create cost savings by consolidating vendor services that can lead to improved customer satisfaction through improved availability of self-service devices such as ATMs and in-branch deposit and cash recycling machines.”
The company has decided that this holiday season, it will do more than holiday giving, as its offices all over the world will come together to donate more than 16,000 pounds of food to Feeding America and the Global FoodBanking Network. These organizations partner directly with local community food banks.
This initiative was taken by the company during a two-week period in November at more than 36 office locations.
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Edited by Braden Becker