Sesami Blog
Explore expert insights, industry trends, and best practices in cash management solutions
Featured
Cash Handling
The power of daily instant credit
We discuss the power of daily instant credit and how it can positively affect a store’s cash flow, operations, and overhead.
Retail Cash Handling
Popular Posts
Cash Handling
Minimize risk and enhance accuracy
See All Cash Handling Posts
Cash Handling
Why cash handling is important for the retail industry
Jeff Hauser, a marketing executive and retail market expert here at ARCA, shined a light on a few of the reasons why cash handling is so important.
Bank Cash Handling
Retail Cash Handling
Cash Handling
Build trust in your bank through technology
Discover how cash automation like teller cash recyclers helps banks build trust, enhance customer relationships, and drive growth through improved efficiency and personalized service.
Bank Cash Handling
Cash Recyclers
Cash Handling
Banks must continue adapting to consumer preferences
Across the country, many in the banking industry have likely noticed that the ways in which consumers prefer to do their business at local branches are changing rapidly. Technology has certainly made this issue one to monitor, but it has also altered the evolution of consumer needs and desires.
Bank Cash Handling
Cash Handling
A hybrid approach to banking: how to satisfy all your customers
There was once only one way to bank. You had to physically go to your local branch to complete your transactions. You had an actual conversation with a person and then waited while the teller performed your transaction. Today, there are many more options. Not only can contemporary customers choose from a wide array of banks, they also have numerous options in terms of how they interact with the bank of their choice.
Bank Cash Handling
Cash Handling
Financial institutions get fit with hub and spoke
Like rumors of Mark Twain’s death back when, the demise of bank and credit union branches may be an exaggeration. Nevertheless many financial institutions know that in order for branches to survive they need to join the fitness craze by adopting a leaner approach to physical locations. Shifting consumer activities through mobile and Web channels is driving the transformation to the long-established branch-banking model. Financial institutions on the forefront of the change realize that a branch’s future depends on how well they adapt to changing accountholder needs and improved branch network efficiency.
Bank Cash Handling
Cash Recyclers
Check scanners: how modern banks optimize check processing
Check scanner technology has transformed check deposit and processing, offering both efficient in-branch teller image capture and the convenience of remote deposit capture (RDC) for businesses and consumers.
Retail back office
By automating back office cash operations, retailers can significantly reduce cash management costs and directly increase profits. The costs of cash management — counting, storing, securing and transporting it — are staggering. Theft risk accounts for the majority cash costs for retailers with businesses losing about $40 billion annually from cash theft alone.
Universal banker
Universal Banker. Universal Teller. Universal Agent. No matter what you call them, you can’t argue they’re popping up at banks and credit unions everywhere. Many institutions are “banking” on the success of these highly-trained super associates as a way to combat issues like declining branch traffic and rising operational costs.
Stay ahead with Sesami Insights
Get the latest insights and updates from Sesami delivered straight to your inbox. Receive valuable information to keep you informed and ahead of the curve.
Cash Ecosystem
Unlock synergies in your cash ecosystem
See All Cash Ecosystem Posts
Cash Ecosystem
4 simple tips to better train your branch employees
A stress-free, enjoyable work day is a key step toward a productive business. However, not enough companies are able to keep their employees relaxed and happy, including bank branches.
Bank Cash Handling
Cash Ecosystem
4 quick tips to better organize your bank branch
There is something to be said for an organized bank branch, and even if it looks neat and tidy on the surface, your employees will greatly benefit from a detailed, well-maintained and organized system behind the scenes. An organized bank branch can be achieved in a number of ways. Here are four quick tips to get started:
Bank Cash Handling
Cash Ecosystem
Modern banking: 5 key innovations shaping the future
For retail banking, branch transformation has been defined by technological advancements and a focus on customer experience. As financial institutions innovate to meet ever-evolving operational demands, the leading banks have the opportunity to set the standard for the modern banking system.
Bank Cash Handling
Losing customers? Here’s how to improve bank loyalty
A customer has been with your company for a decade. But, that new bank next door just offered a flashy cash-back deal, and before you know it that customer has bolted for the door. Bank loyalty is a big question for today’s financial services industry, and figuring out why people switch – and how you can stop it – is an important goal.
5 issues that are keeping credit union executives awake at night
What keeps credit union executives up at night? Unless you’re watching Letterman’s top-ten lists, you lie awake thinking about your own ledger of hot-button issues. Keeping branches relevant, satisfying member service concerns, compliance, mobile technology and Millennials are some of the major reasons for those sleepless nights. Let’s take a closer look.
Retail provisional credit
Despite the popular opinion that cash usage is on the decline, the European Central Bank and the U.S. Federal Reserve report that cash continues to dominate retail payments. For retailers, cash is expensive and time-consuming to manage and it may take as many as 10 days for cash to be credited to their bank account. Provisional credit, however, allows retailers to have faster access to cash revenue while addressing many of the challenges cash presents. In this white paper, you’ll learn what provisional credit is, how it works and what it means for retailers.
Cash Automation
How to prevent robbery in petrol stations
How fuel retailers can protect staff and customers from robbery through the use of closed cash management.
Convenience Stores and Gas Stations
Closed Cash Management
Cash Management
Reduce costs and achieve operational excellence
See All Cash Management Posts
Cash Management
Cash recyclers and Walmart: How back office efficiency equals better customer service
As brick and mortar stores of all sizes face increased competition from online retailers, they need to figure out how to provide an in-store customer experience that’s as smooth and convenient as online shopping. And the best way to improve customer service is by capitalizing on the one thing the web can’t offer: hands-on shopping guided by knowledgeable associates.
Bank Cash Handling
Cash Management
What does a cash recycler do?
A cash recycler is a complex machine that handles a couple of simple but important tasks – accepting and dispensing cash. It also stores money securely, keeps an accurate accounting of cash on hand, and automates the cash cycle.
Cash Recyclers
Bank Cash Handling
Cash Management
The impact of cash recyclers on branch staff – The manager story
In this three-part series, we’ll look at how cash recyclers impact people in the branch. What does cash recycling mean for branch managers, tellers and customers?
Cash Recyclers
Bank Cash Handling
Cash Management
The impact of cash recyclers on branch staff – The customer story
Cash recyclers make cash transactions more efficient and change nearly every cash process in the branch. But what difference does that make for customers?
Cash Recyclers
Bank Cash Handling
Cash Management
Retail cash management risks and solutions
In 1879 James Ritty, a Dayton, Ohio saloon owner, invented the cash register. To keep his retail cash safe he installed a bell that rang whenever the cash drawer was opened. Often referred to as the “bell heard round the world” the bell let him know when cash was exposed to potential external theft or sticky finger cashiers.
Bank Cash Handling
Redefining cash handling in the branch
You can’t ignore the fact that cash deposits are still a significant driver of branch traffic. Or the fact that a large portion of a typical branch operating budget is dominated by labor expenses. These facts form the reality that cash management activities have a direct impact on labor requirements and expenses.
How teller cash recyclers change branch processes
Discover how Teller Cash Recyclers fundamentally transform bank branch operations by automating cash processes, boosting efficiency, and enhancing customer experience.
How much does a teller cash recycler cost?
Depending upon the cash recycler's features (and quality), you'll find quite a large price spectrum between brands. Five years ago prices for a recycler would cost in the neighborhood of $45,000 to $55,000. Today, teller cash recyclers range from $15,000 to $40,000 depending upon the machine and how it's configured.
Cash Automation
Unlock working capital and improve cash flow
See All Cash Automation Posts
Cash Automation
What does ‘lean’ mean for your financial institution?
Financial leaders today are faced with the difficult challenge of creating a streamlined, effective business model without breaking the bank, so to speak – all while balancing these varied goals at the same time.
Bank Cash Handling
Cash Automation
This bank or that bank? What drives today’s consumers
What motivates you as a consumer? Is it convenience? Affordability? Brand values? The pros and cons of any business can go on and on, which makes it incredibly challenging to figure out exactly what drives consumers today.
Bank Cash Handling
Cash Automation
How to talk to customers at your bank
How your team interacts with customers is a key reason why they either come back or switch to a competitor.
Bank Cash Handling
Banking process automation: how to cut costs and improve teller performance
Retail banking executives are facing unprecedented challenges in the current banking industry landscape. For financial institutions of all sizes, rising operational costs and declining branch traffic have made it imperative for banks and credit unions to find innovative ways to maintain profitability. One approach with a high potential for cost savings is optimizing teller performance through banking process automation.
How banks can leverage existing customers to create new business
When it comes to marketing, sometimes the focus becomes all about finding that next customer. While it is always important to keep growing, this emphasis can frequently backfire, especially for members of the financial services industry.
Banks use technology to ride the wave of transformation
There’s a steady tide of financial technology innovation that promises to make banking services more efficient.
Cash Management
Cash-Management Challenges for Retail Companies—And How Automation Can Help
This post covers a number of common cash management challenges experienced by many retailers, such as high overhead and increased risk of loss.
Retail Cash Handling
Stay ahead with Sesami Insights
Get the latest insights and updates from Sesami delivered straight to your inbox. Receive valuable information to keep you informed and ahead of the curve.
