ARCA and CTS Cashpro respond to customer demand by establishing North American assembly line
MEBANE, NC (January 21, 2014) — ARCA, in collaboration with CTS Cashpro, today announced the establishment of an assembly line in North Carolina dedicated to producing cash recyclers for the North American banking and retail markets. This will be the only cash recycler built in the United States.
ARCA, a global leader in cash automation solutions, and CTS Cashpro, the owner of the world’s most-deployed cash recycling technology, have been working together for more than a decade in promoting the concept and related benefits of branch cash automation. The adoption of this technology has doubled in the past year and the increased volumes justify the investment in a local assembly line.
“This is a moment that we have been building towards for a long time,” Mort O’Sullivan, founder & CEO of ARCA, said. “Our long-term strategy is to streamline the way businesses everywhere handle cash and this move demonstrates ARCA’s and CTS’s strong commitment to the North American market. In addition to bringing assembly of recyclers to the US market, we are greatly expanding the size of our technical team to create the largest center of excellence devoted to cash recycling in North America.”
Patrizia Ugo, CEO at CTS, says, “Our customers will benefit from this localized assembly line in terms of support, flexibility, delivery time and cost. This is an important step within CTS’s long-term plan to bring more value to the North American market. Our goal is to get closer to the final user of our technology in order to better understand the real needs and keep developing the right solutions. For the same reason, we will keep investing in our US-based team with CTS North America.”
ARCA’s solutions help people control and streamline cash operations in financial institutions, retail stores, and self-service kiosks around the world. Our overriding drive is to develop technology and services that make transactions simpler, more efficient, and more secure. Visit us at www.arca.com to see how we are reimagining everyday transactions—freeing people to focus on what matters most.
About CTS Cashpro
CTS Cashpro is part of the CTS Electronics Group, a global provider of automated systems for payments, document processing, cash recycling and deposits. The CTS companies design and manufacture high-quality peripherals with multiple options for different customer needs. Additionally, CTS produces software which is used to tune and enhance the performance of CTS systems in specific customer environments. Since 1980, extensive know-how, lean structure and flexibility have distinguished CTS as the market leader in banking and retail with over one million peripherals installed across five continents.
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