Talaris Launches Secure Transfer Concept™ For Vertera® Cash Recyclers

Lisle, IL - 27 April 2012

Talaris, a global provider of cash handling equipment, servicing and software solutions, today announced the launch of a technology enhancement to its industry-leading Vertera® Teller Cash Recycler (TCR) product family. Talaris’s new Secure Transfer Concept (STC™) technology will allow financial institutions using the STC-equipped Verteras to more efficiently transfer cash within a branch, as well as externally, through an automated, single custody process, with a full audit trail. Because transfers occur using a secure container, the technology will significantly reduce cash-exposure risk, especially during business hours.

While any branch utilizing Vertera with STC can benefit from the efficiencies that this technology creates, it is particularly well-suited to high-volume, cash positive branches as they experience more cash transfers. STC-equipped Vertera TCRs will dramatically reduce the number of dual control processes and redundant counting requirements for branch staff, while also simplifying the process of shipping cash out of the branch via the armored carrier.

“The cash transfer process can be time consuming and takes both the teller and the teller supervisor away from their core customer-facing roles,” said Chris Reagan, President of Talaris, Inc. “The STC technology automates what can be a cumbersome process that requires two tellers for dual control at all times. The result is a more efficient and profitable branch, which is capable of offering a higher level of customer service.”

Institutions using a combination of STC-equipped TCRs and Talaris Teller Cash Dispensers (TCDs) can supply cash to these devices via TCD-compatible cassettes, providing greater flexibility to utilize cash received as cash-out. Manual cassette loading is also greatly reduced through use of STC to fill TCD cassettes. In addition to a TCD compatible cassette, institutions have the option of a multi-denomination canister, which can be used to securely transfer cash from the TCR to the back office or to an armored carrier.

The STC technology is an available option on all new Vertera TCRs. For more information regarding STC, please contact your Talaris account manager.

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