GLORY Launches Next Generation Teller Cash Recyclers

Rhea-AI Summary

Glory has launched its GLR-100 Teller Cash Recycler (TCR), enhancing its offerings for retail financial institutions. This new self-auditing, cassette-based solution is designed for the evolving needs of bank branches, providing high-speed note counting and secure cash transportation. The GLR-100 integrates with Glory’s UBIQULAR cloud solutions for improved business intelligence and asset management. With over 100,000 TCRs installed globally, Glory holds a 56% share of the TCR market, showcasing its commitment to innovation and customer-focused solutions.

Positive

• Launch of GLR-100 TCR solution enhances product portfolio.
• Integrates with cloud-based UBIQULAR solutions for better monitoring.
• Glory holds a significant 56% market share in TCR globally.

Negative

• None.

Designed to support the changing needs of bank branch networks

LISLE, Ill.--(BUSINESS WIRE)-- Today Glory announces the first of its new GLR series of Teller Cash Recycler (TCR) solutions, GLR-100. The new cassette-based recycling solution with self-audit capabilities advances Glory’s portfolio and enables retail financial institutions to transform their branch networks and address the changing economics of branch banking.

Glory's latest teller cash recylers, the GLR-100 and GLR-100 STC (Photo: Business Wire)

Powered by Glory’s industry-leading banknote recognition technology, the latest generation of TCRs are designed for a connected world, being IoT and cloud services capable. The new GLR solution connects seamlessly to Glory’s secure cloud-based UBIQULAR^TM solutions, which deliver enhanced business intelligence, and enable remote monitoring and management of devices across the branch network.

Consumers and business alike demand banking services delivered at a physical branch, particularly small business customers. Customers want choice and convenience and the challenge to banks and credit unions is to deliver this in a cost-effective manner.

As new branch concepts evolve, the GLR solution can fit into locations where space is at a premium. This next generation recycler provides banks and credit unions with flexibility in how they continue to support their customers’ need for cash transactions, enabling the efficient delivery of essential services, via the traditional teller counter, and assisted service or drive thru.

Glory is known for its cutting-edge bank note authentication and the new GLR-100 delivers this along with high-speed note counting, high-capacity storage, self-audit capability and secure cash transportation between the teller and the vault.

Chris T Reagan, President Glory Global Solutions Inc, Americas and Senior Executive Officer GLORY LTD said, “In the Americas and globally, we have achieved our leadership in the TCR market by continually evolving our offer to meet the changing needs of our customers. Glory’s new GLR further demonstrates our commitment to research and innovation. Our TCR solutions deliver advanced best-in-class functionality that enhances branch performance in response to changing consumer behavior.”

Glory has 30 years of experience in TCRs and has installed over 100,000 units worldwide. RBR, an independent research and strategic consulting firm, recently confirmed Glory’s global leadership position in the worldwide TCR market with a market share of 56 percent.

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About GLORY

As a global leader in cash technology solutions, we provide the financial, retail, QSR, cash center and gaming industries with confidence that their cash is protected and always working to help build a stronger business.

Our cash automation technologies and process engineering services help businesses in more than 100 countries optimize the handling, movement and management of cash. While we span the globe, we personally engage with each customer to address their unique challenges and goals — enhancing staff efficiency, reducing operating costs and enabling a more rewarding customer experience.

Employing over 10,000 professionals worldwide with dedicated R&D and manufacturing facilities across the world, GLORY is built on a rich customer-focused, technology-driven heritage spanning more than a hundred years.

For further information please visit www.glory-global.com or follow us on Twitter: http://twitter.com/glory_global.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220830005607/en/

Media Contact

Kelly Shelton

Director of Marketing – North America

(773) 706-2918

Kelly.shelton@us.glory-global.com

Source: GLORY

FAQ

What is the GLR-100 Teller Cash Recycler?

The GLR-100 is Glory's new Teller Cash Recycler, which features a cassette-based design and self-auditing capabilities to optimize cash handling in bank branches.

What market share does Glory hold in the TCR market?

Glory holds a 56% market share in the TCR market, according to recent research by RBR.

How does the GLR-100 improve branch operations?

The GLR-100 enhances branch operations by providing high-speed note counting, secure cash transportation, and integration with cloud-based monitoring solutions.

What technology powers the GLR-100?

The GLR-100 is powered by Glory's industry-leading banknote recognition technology.

How many TCR units has Glory installed worldwide?

Glory has installed over 100,000 Teller Cash Recyclers globally.