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Interesting Businesses: Optimizing cash in ATM’s

NCR and Transoft International this morning announced a deal with UBS in Switzerland for a system that manages the amount of cash the bank maintains in both branches and ATM’s.

Using OptiCash, a solution that applies mathematical algorithms to historical, event and cost information, UBS will be able to optimize the level of cash held at its branches and ATMs (1,300 outlets in total) in Switzerland. This approach leads to obvious benefits in terms of reduction in interest and cash-handling costs.

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