Multi-denomination Strategy
With the changing branch and customer behavior landscape, ensuring optimal ATM, ITM and recycler efficiency is key. Applying an optimized multi-denomination strategy to your self-service network can transform productivity.
Our data scientists conduct mathematical simulations to balance the three essential components to formulate the optimal multi-denomination strategy for your network:
• The cassette mix (the denominations held in the cassettes)
• The dispense algorithm (the denominations dispensed for every possible transaction amount)
• The pre-set configurations (the transaction amounts visible to customers)
An optimized multi-denomination strategy can save up to 30% in cash management costs and increase average transaction values (ATVs) by up to 12%. It also improves customer experience and efficiency by dispensing the notes that customers need, removing them from growing teller lines in branches.