Innovative Hyosung Pay Pilot Program Reimagines ATM Services
Hyosung Americas Launches Revolutionary Cash Management Program
Hyosung Americas has long established itself as a leader in the ATM and self-service kiosk marketplace. With a relentless focus on innovation, the company is proud to introduce an exciting initiative that promises to transform retail environments and improve customer experiences. Partnering with eGlobal, a subsidiary of the Grant Victor company, Hyosung is launching the pilot program for Hyosung Pay, utilizing a new retail ATM known as the Pivot ATM.
The Pivot ATM: Enhancing Retail Transactions
The Pivot ATM stands out as an advanced cash-recycling ATM that facilitates cash-in transactions, designed specifically for the fast-paced retail market. This machine aims to bolster transaction revenue streams while also streamlining cash-handling efficiency. Set to debut in selected retail convenience stores and upscale hotels, the pilot program aims to gather insights that will influence broader product availability planned for early 2025.
Empowering Retail Partners
“In today's volatile financial landscape, it’s vital to offer transformative solutions for our retail partners,” said Michael Graham, Chief Product Officer at Hyosung Americas. The company’s dedication goes beyond providing top-tier products; it’s also about supplying essential technology that enables retailers to enhance their operational capabilities and boost their bottom line.
Benefits for Retail Store Owners
The Hyosung Pay initiative offers numerous benefits geared towards adapting to the evolving retail market landscape. One key feature is the capability for merchants to deposit cash from their sales directly into the ATM. This not only ensures expedited bank credits but also facilitates efficient replenishing of cash reserves within the ATM. Additionally, store operators can conveniently withdraw cash as needed to maintain till balances, effectively managing their cash flow.
Customer-Centric Features
For consumers, the visit to an ATM at a participating retailer will be enhanced with new features. One significant addition is the ability to transfer funds internationally through the Global Money Transfer service powered by MoneyGram. Moreover, customers will be able to settle bills with thousands of companies using technology integrated by Fiserv CheckFreePay. The Pivot ATM will also offer bill-breaking capabilities, allowing customers to withdraw cash in preferred denominations, thus improving the overall user experience.
Exciting Growth Potential
The collaboration between Hyosung Americas and eGlobal is marked by enthusiasm and optimism regarding its growth prospects. “Hyosung Americas has been a trusted partner known for innovative disruption in the industry,” said Jeff Matthews, CEO of Grant Victor. This strategic partnership aims to elevate the value provided to retail ATM partners and enhance customer experiences through technology-driven solutions.
A Commitment to Industry Transformation
Hyosung Pay exemplifies the company’s unwavering commitment to redefining the retail ATM landscape. Nancy Gail Daniels, COO of Hyosung, noted, “This service addresses numerous market needs by streamlining retail ATMs for enhanced efficiency.” The innovative service enables retailers to expand their offerings, catering to diverse transaction types while being backed by state-of-the-art ATM hardware. Participating stores can expect a significant rise in foot traffic.
About Hyosung Americas
Hyosung Americas has established itself as the world’s premier cash management and payment solution provider, rooted in its parent company based in the Republic of Korea. Since its inception in the North American market in 1998, it has evolved into one of the largest ATM providers, renowned for delivering transformative technology solutions across various sectors. Hyosung’s headquarters are located in Irving, Texas.
About Grant Victor
Founded in the year 2000, Grant Victor operates from Kaysville, Utah, and focuses on the ATM and self-service kiosk domains within the financial marketplace. The company boasts multiple subsidiaries, including eGlobal ATM Services, NextBranch, NextATM, and TetraLink, enhancing consumer access to cash while delivering convenience across the retail and financial institutions landscape.
Frequently Asked Questions
What is Hyosung Pay?
Hyosung Pay is a retail ATM service designed to enhance transactions in retail environments by providing innovative features and cash management capabilities.
What is the Pivot ATM?
The Pivot ATM is a new, cash-recycling ATM that supports cash-in transactions, aimed at improving cash management for retailers.
When will the pilot program launch?
The pilot program is set to launch shortly, with initial implementations occurring in selected retail locations in the western U.S.
How does Hyosung Pay benefit consumers?
Consumers can enjoy services such as money transfers globally, bill payments to thousands of companies, and cash withdrawals in various denominations.
What is the goal of the partnership between Hyosung and eGlobal?
The partnership aims to leverage combined strengths to enhance retail ATM services and deliver innovative solutions for retail customers.
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