JEA Technologies , Australia’s leading supplier of payment solutions hardware, formally launched the CashCode Bill-To-Bill cash recycler in Australia and New Zealand.
Craig Kinder, payment hardware Products Manager at JEA Technologies, says the Bill-to-Bill is a fully integrated, high-security, frontloading system that utilizes advanced currency bill recycling technology for cash and cashless transactions.
The Bill-to-Bill precisely validates, recycles, and dispenses bank notes, individually or in bundles. It handles paper and polymer notes, and is also capable of handling smart card transactions, all in one consolidated unit.
With over 200 units in the field in Australia already, in applications such as parking and transit, the Bill-to-Bill has a proven track record in providing the following benefits:
- Reduces the cash value that operators have to deposit into their machines at the start of each trading period
- Improves cash flow
- Reduces the cost of collecting cash
- Increases security
- Reduces labour costs