Complex solutions for data collection and processing in cash flow management systems

Published: 15 May 2017 y., Monday

Penkių kontinentų bankinės technologijos (BS/2) company has integrated its specialized Cash Management.iQ and Payments.iQ software solutions aiming to facilitate cash processing by banks and other financial / credit institutions that use various payment systems.

By connecting new cash collection / withdrawal points, any bank assumes responsibility for making each such facility accessible to customers. In order to solve certain data collection and processing tasks, most banks implement various systems; as a result, ATMs (automated teller machines), payment terminals / kiosks, ATSs (automated teller safes) and other devices may simply not have a common communication channel.

Systems like Cash Management.iQ allow banks to centrally monitor the entire network of cash collection points, including regular and timely receipt of data for each point separately. Nevertheless, there remains the question of alternatives to the choice of the channel to obtain all the necessary data as well as to unify different systems.

Let us consider a concrete case: there is a bank, with its own ATMs and branches network, and the cash turnover is controlled by the previously installed Cash Management.iQ system. The bank collects all the necessary data through special Cash Management.iQ channels. Furthermore, the bank launches a project with the aim to make various payments possible through self-service payment terminals. As a result, the bank receives an additional self-service terminal network which is connected to a separate Payments.iQ specialized payment processing system. The bank's collection service performs encashment of all cash collection / withdrawal points. Thanks to Cash Management.iQ, the bank’s staff monitors and controls cash not only in ATMs and branches, but also in self-service terminals / kiosks.

The bank might consider the following technological alternatives as a channel to obtain the necessary data on self-service terminals / kiosks for the Cash Management.iQ system:

Alternative 1. The data from the end device is received through the installation of Cash Management.iQ specialized data collection system into self-service terminals / kiosks.

Alternative 2. The data comes from external systems, already connected to the devices, by organizing the necessary interaction (integration) between payment processing systems and the cash management system.

When evaluating and selecting a particular technological scheme, the bank should consider integration works timing and costs as well as costs of supporting each individual solution. Besides, it should strive to ensure each cash collection / withdrawal point profitability.

Šaltinis: Penki.lt
Copying, publishing, announcing any information from the penki.lt portal without written permission of penki.lt editorial office is prohibited.

Facebook Comments

New comment

     

 


Captcha
 

Associated articles

Related videos

05/02/2014

Padėkime augti

Wincor Nixdorf Discussed Achievements and Awarded Partners

On May 17-19 Wincor Nixdorf, Germany-based global banking equipment manufacturer held its partner meeting, Regional Partner Summit EMEA 2016, in Munich. more »

The latest ATM and Software Trends at Southeast Asia ATMs 2016

At the end of April Thailand’s capital Bangkok hosted the Southeast Asia ATMs 2016 conference. The event gathered together the world’s largest banking hardware and software manufacturers, such as Wincor Nixdorf, Diebold, ESQ, TMD Security, KAL ATM Software, Glory Global Solutions and many others. more »

BS/2 Strengthens Its Positions in Azerbaijani Retail Market

In mid-April, the Azerbaijan Supermarket company and its partners have opened the first Bravo network store in the Azerbaijan's capital Baku. more »

All ATM Market News At Southeast Asia ATMs 2016 Сonference

On 28-29 of April Bangkok hosts the Southeast Asia ATMs 2016 conference. This is the only - and the largest event in the Asian region, dedicated to ATM novelties. more »

SEB is enhancing the ATMs with new security solutions

Сash dispensers have become the perfect bait for all sorts of scams who try to crack them. In order to ensure maximum ATMs security, SEB Bank invests 3.5 million euros in its ATM network modernization and modern security systems installation. For example, special ink cassettes, which damage all bills in case of a break attempt. more »

Lithuanian Software Now in PAX Technology Scanners

ASHBURN International, a member of the Penki kontinentai group, has become an official PAX Technology (PAX) partner. more »

Sees the future of car sale in the Internet (2)

International group of companies Modus Group engaged in car sale and maintenance, fields of rental services, real property development and energy develops innovative IT projects. One of the latest initiatives is the concept of online car purchase, which will allow the buyer to assemble the car and wait for its delivery to their doorstep. more »

ASHBURN International Expands Its Activities in Turkmenistan

ASHBURN International Co. creating payment cards, e-commerce and loyalty systems, is expanding its cooperation with banks in Turkmenistan. more »

Payments.iQ Has Now Got Its Own Web Resource

A multifunctional software Payments.iQ solution for making and managing payments has got its own web resource www.payments-iq.com. more »

Reliable Internet connection: stable business guarantee

Modern business is unimaginable without the Internet. People use it to look up and share information, perform purchase and sale transactions, accounting and data analysis, communicate with customers, etc. So it is obvious that fast and high-quality Internet connection can determine business efficiency and offer competitive advantage. more »