Retailers: Stop Dollars From Floating Through Your Fingers.
The TE1916 allows retailers to quickly, accurately encode customer cheques — then generate batch tickets and deposit slips — on site so they can take advantage of per item discounts, extend cut-off time for deposits and improve cash flow by making more income available on the day it’s received. The savings in the bank fees are considerable.
Financial Institutions: Keep Tellers and Deposits on Track.
By automating deposit preparation the TE1916 makes document processing more efficient and cost-effective for your financial institutions. Because the TE1916 tracks cheques by teller and by batch you can proof individual teller totals throughout the day by number of cheques encoded, amounts of each cheque, batch and grand totals. You reduce end-of-day out-of-balance conditions and overtime costs while assisting employees in preparing fully qualified deposits, ready for the reader/sorter.