What is a Teller Assist Unit and How Does it Work

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A Teller Assist Unit, or TAU, is a device designed to help bank tellers manage their workload more efficiently. It's essentially a computer system that streamlines tasks and automates repetitive processes.

TAUs are typically installed at bank counters and are designed to be user-friendly, with intuitive interfaces and clear displays. This makes it easy for tellers to navigate and use the system.

The primary function of a Teller Assist Unit is to manage transactions, such as cashing checks, depositing money, and processing withdrawals. This frees up tellers to focus on more complex tasks and provide better customer service.

By automating routine tasks, a Teller Assist Unit can help reduce wait times and improve the overall customer experience at a bank.

Benefits and Advantages

Teller assist units are designed to make banking easier and more efficient. They offer a range of features and benefits that can improve the customer experience.

One of the key advantages of teller assist units is that they come with all available features for devices of this class, making them a comprehensive solution for banks. They also feature an intelligent cash storage module that can select banknotes by denomination and serial number.

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The largest capacity teller assist units can hold 8 drums of 600 banknotes each, making them ideal for high-volume banking operations. This can be especially useful for banks that handle a lot of cash transactions.

A notable feature of some teller assist units is their ability to install two additional drums or cassettes for non-standard denominations, drum overflow, and secure collection.

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Differences from ATMs

One of the main differences between TAUs and ATMs is that TAUs are designed to be operated solely by trained branch personnel. This means that you won't find TAUs at public locations like ATMs, but rather in bank branches where staff can assist with transactions.

TAUs don't integrate directly into interbank networks, which is a key distinction from ATMs. This can make transactions more complicated, but it also means that banks have more control over the process.

The computer controlling a TAU is usually separate from the unit itself, which is a departure from the more integrated design of ATMs. This can make maintenance and troubleshooting more straightforward.

Advantages

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Teller Assist Technology offers numerous advantages that make it a cornerstone in banks' cash management strategies. One of the key benefits is the availability of all features for devices of this class.

The technology also includes an intelligent cash storage module that allows for banknotes selection by denominations and banknotes serial numbers. This feature can be a game-changer for banks looking to streamline their cash management processes.

The largest capacity of the teller assist units is 8 drums, each holding 600 banknotes. This means that banks can store a significant amount of cash in a relatively small space.

Banks can also install two additional drums or cassette, used for non-standard denominations, drums overflow, and more secure collection. This flexibility is a major advantage of teller assist technology.

Security and Safety

Security and Safety is a top priority when it comes to Teller Assist Units (TAUs). TAUs may delay dispensing of large amounts of money up to minutes to discourage bank robberies.

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This built-in delay can be a significant deterrent for potential thieves. It's a clever way to slow down an attempted heist, giving authorities more time to respond.

TAUs can be accessed by keys, combination, or a mix of the two. This means that only authorized personnel will be able to open the cash vault.

To ensure the security of your TAU, it's essential to keep the access methods confidential. This will prevent unauthorized individuals from gaining access to the device.

Here are some types of equipment that can be used in conjunction with TAUs:

  • Banking equipment
  • Embedded systems
  • Bank stubs

Major Manufacturers

Teller assist units are an essential part of modern banking, and several major manufacturers have made significant contributions to their development.

ARCA is one of the leading TAU manufacturers worldwide, providing reliable and efficient solutions to banks and financial institutions.

Diebold is another well-established player in the industry, known for its innovative and user-friendly TAU designs.

NCR, a global technology company, has also made a name for itself in the TAU market with its cutting-edge solutions.

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Wincor Nixdorf offers a wide range of TAU products that cater to the diverse needs of banks and financial institutions.

Glory Global Solutions provides TAU solutions that are designed to improve the overall customer experience and increase operational efficiency.

Nautilus Hyosung, now known as Hyosung TNS, offers a range of TAU products that are known for their reliability and ease of use.

Major TAU manufacturers worldwide include:

  • ARCA
  • Diebold
  • NCR
  • Wincor Nixdorf
  • Glory Global Solutions
  • Hyosung TNS

Frequently Asked Questions

What is a TCR in banking?

A TCR (Teller Cash Recycler) is a machine that securely stores and authenticates cash, enabling automated transactions for tellers. It streamlines cash handling and management in banking operations.

What is a teller cash dispenser?

A teller cash dispenser is a machine that accurately dispenses cash to customers, reducing the risk of human error. It counts and dispenses the correct amount of money, making transactions efficient and reliable.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

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