Cash Recycling At The Center Of New ATM Deal

Diebold Inc., Florida’s Suncoast Credit Union and FIS are joining forces to enable full cash recycling at the ATM via Diebold’s Opteva Flex Performance Series machines, the companies announced March 26.

Diebold and Suncoast have been working to bring the self-service channel to a more efficient platform for consumers and financial institutions, Mychal D. Kempt, Diebold vice president for North America operations, said in the announcement. “FIS’s involvement adds full support from a leading processor, bringing fully automated cash recycling to fruition in the United States,” he said.

Cash recycling enables ATMs to reuse consumer-deposited cash for future withdrawals, making the machines more efficient.

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