Automated cash handling is the process of dispensing, counting and tracking cash

Cash

In common language cash refers to money in the physical form of currency, such as banknotes and coins.In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately...

 in a bank

Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

, retail, check cashing, payday loan

Payday loan

A payday loan is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card...

 / advance, casino or other business environment through specially designed hardware and software for the purposes of loss prevention, theft deterrence and reducing management time for oversight of cash drawer (till) operations.

The hardware consists of one or more of the following devices:

• Cash dispenser
• Cash validator (acceptor)
• Cash recycler
• Rolled coin dispenser
• Loose coin validator (counter)
• Intelligent Banknote Neutralisation System

In an automated cash handling environment, a cashier or teller opens a cash drawer (till) at the start of shift by dispensing cash from the automated cash handling equipment. At the end of the shift, the cashier or teller deposits cash into the automated cash handling equipment which counts the cash and deposits it back into the safe. A manager sets permissions for each teller or cashier for dispensing and counting cash. A few automated cash handling systems allow for networking and remote operation (dispensing, counting, reporting). Remote operation of automated cash handling equipment facilitates cost savings and efficiency by centralizing all cash related activity to one location that can remotely monitor and control cash operations.

See also

• Automated teller machine
  Automated teller machine
  An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
  
  
• Teller Assist Unit
  Teller assist unit
  Teller assist units , also known as automatic teller safes or teller cash dispensers , are devices used in retail banking for the disbursement of money at a Bank teller wicket or a centralized area...
  
  
• Banknote
  Banknote
  A banknote is a kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender. In addition to coins, banknotes make up the cash or bearer forms of all modern fiat money...
  
  
• Banknote counter
  Banknote counter
  A banknote counter is a device designed primarily to accurately count a quantity of banknotes. Additionally, a banknote counter may sort banknotes into batches and check for damaged or counterfeit notes.- History :...
  
  
• Currency-counting machine
  Currency-counting machine
  A currency-counting machine is a machine that counts money—either stacks of banknotes or loose collections of coins. Counters may be purely mechanical or use electronic components...
  
  
• Currency detector
  Currency detector
  A currency detector is a device that determines if a piece of currency is, or is not, counterfeit. These devices are used in vending machines that accept payment and dispense a product to a customer...
  
  
• Manual fare collection
  Manual fare collection
  Manual fare collection is the practice of collecting fares manually . "Fare collection" generally refers to the collection of fares in the transport industry in return for a ticket or passes to travel...