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Automated cash handling refers to the process of dispensing, counting, and tracking cash within various business environments using software and hardware devices such as banknote processing. Automated cash handling is used by banks , retail stores, check-cashing outlets, payday loan /advance providers, casinos , and more.
National cash register from the end of the 19th century, National History Museum, Sofia. A cash register, sometimes called a till or automated money handling system, is a mechanical or electronic device for registering and calculating transactions at a point of sale. It is usually attached to a drawer for storing cash and other
In 1966, the cash register line, which had begun with a calculator on top of a cash drawer, was expanded to include the Hugin cash register. This Swedish-made product was distributed by Victor in the U.S. and Canada. By 1967, there were 75 basic models in the Victor line. After 1967, Victor began designing electronics into Victor products.
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The NCR 390 accepted four types of input: magnetic ledger cards, punched cards, punched tape, and keyboard entry, with a tape read speed of 400 characters a second. [23] The company's first all-integrated circuit computer was the Century 100 of 1968. The Century 200 was added in 1970. The line was extended through the Century 300 in 1973. [24]
In banking, cash management, or treasury management, is a marketing term for certain services related to cash flow offered primarily to larger business customers. It may be used to describe all bank accounts (such as checking accounts ) provided to businesses of a certain size, but it is more often used to describe specific services such as ...
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A bank teller (often abbreviated to simply teller) is an employee of a bank whose responsibilities include the handling of customer cash and negotiable instruments. In some places, this employee is known as a cashier or customer representative. [1] Tellers also deal with routine customer service at a branch.
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