"We are pleased to offer these state-of-the-art technologies to help financial institutions minimize their non-interest-bearing balances maintained at the Federal Reserve and cash balances," said Wendy DeMore, First Vice President - Product Management, COCC.
"This enables the system to determine the ideal cash order amount for branch, vault and ATMs, helping to ensure that optimal cash balances are maintained and reducing cash levels, while ensuring sufficient cash is on hand to meet customer demand," said Ms. DeMore
"Comprehensive reconciliation and reporting capabilities further minimize risk and the cost of cash supplies."
Following the successful pilot installations, COCC
has begun to offer the non-earning asset products to its overall client base.
said the company is offering webinars to its current clients to help them understand how they can reduce costs while minimizing the risk of holding large amounts of cash.