Technology News

KAL Launches Cashless Retail Teller Machine

Wednesday, June 20, 2012 5:01:00 AM PDT | VentureDeal

   New York, New York  --  ATM software company KAL announced the launch of a new cashless ATM machine.

Called the Retail Teller Machine (RTM), the machine does not dispense cash. Instead, it prints a unique voucher which is exchanged for cash inside the same store.

The benefit of the machine is that it doesn't require the provision of cash via expensive armored services, resulting in decreased operating costs.

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