What New England Money Handling Systems does

New England Money Handling Systems (NEM), founded in 1975 and headquartered in Hopkinton, Massachusetts, is a privately held provider of cash automation and financial transaction equipment solutions serving banks and credit unions. The company operates as a regional value-added reseller and systems integrator, deploying and servicing cash recyclers (Glory GLR-100, RBG-100, CashInfinity series), NCR SelfServ ATM/ITM terminals (SelfServ 81, 82, 84, 88), currency discriminators and counters (G+D ProNote 1.5 and Zeus, Glory GFB-830), coin sorters and counters (Glory Mach series, Semacon, CPI T-FLEX), check scanners (Panini Vision X, Canon CR-L1, Digital Check), and drive-up systems (pneumatic tubes, deal drawers, UL-rated bullet-resistant windows). NEM positions itself as NCR's premier regional partner for Interactive Teller video banking technology and maintains certified partnerships with Glory, G+D, Panini (Platinum), Canon, Digital Check, Semacon, CPI, and Audio Authority.

The company generates revenue through three streams: equipment sales of OEM cash automation hardware, recurring service and maintenance contracts that reportedly save clients 15-20% per year, and professional services covering installation, project management, integration, training, and consulting. Distribution is exclusively direct enterprise field sales, with dedicated project managers, integrators, riggers, and trainers supporting deployments across Massachusetts, Rhode Island, New Hampshire, Vermont, Connecticut, Maine, and parts of New York, supplemented by national reach through industry partners. Pricing is quote-based and not publicly disclosed, with leasing options available on select products such as the Glory CashInfinity series. The customer base spans over 175 banks and credit unions, with NEM claiming to be the largest installer of cash recyclers in New England.

NEM differentiates through OEM-level service on both its own and competitors' hardware, a 50-year operating history, and a service-first corporate identity. Beyond traditional cash automation, the company has expanded into adjacent offerings including a 2022 cybersecurity collaboration with Raytheon Intelligence & Space for financial institution protection and point-of-sale integration of Glory CashInfinity systems for retail cash handling. The firm employs between 11 and 50 people and operates as a profitable, founder- or management-owned private corporation with no disclosed institutional funding or external investors.

Name

New England Money Handling Systems

Legal name

New England Money Handling Systems, Inc.

Website

https://nemoney.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Short description

New England Money Handling Systems provides cash automation and transaction solutions—including cash recyclers, ATMs/ITMs, and currency and coin handling equipment—to 175+ banks and credit unions across New England through direct enterprise field sales, installation, and recurring service contracts.

Ownership category

akta.pro rank

Product category

Cash Automation Equipment

NAICS

Office Equipment Merchant Wholesalers (423420)

SIC

Wholesale-Industrial Machinery & Equipment (5084), Wholesale-Machinery, Equipment & Supplies (5080)

akta.pro primary industry

Cash Drawers, Cash Handling & Coin/Bill Counters (HDACAKAE)

akta.pro secondary industry

Cash & Coin Processing / Cash Centers (FSAMAOAF)

Keywords

• Cash automation equipment
• Cash recycling solutions
• Interactive teller systems
• ATM and ITM solutions
• Bank equipment supplier

Headquarters

HQ city

Hopkinton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Sales: Sale of cash automation equipment including cash recyclers, ATM/ITMs, currency handlers, coin processors, and check scanners from OEM partners such as Glory, NCR, G+D, Canon, Panini, Digital Check, Semacon, and CPI.
2. Service and Maintenance Contracts: Comprehensive maintenance agreements on all products offered. Service contracts typically save clients 15-20% per year on equipment under agreement. Includes on-site, remote, and phone support.
3. Professional Services: Installation, training, project management, and consulting services for cash automation deployments. Full-service deployment team includes project managers, integrators, riggers, and trainers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

New England Money Handling Systems sells, installs, and services cash automation equipment, ATM/ITM systems, currency and coin handling machines, check scanners, and drive-up equipment for banks and credit unions across New England. The company acts as a regional distributor and certified service partner for OEM brands such as NCR, Glory, G+D, Canon, Panini, Digital Check, Semacon, and CPI, complemented by professional installation, training, and ongoing maintenance services.

Product overview

New England Money Handling Systems is a provider of cash automation and financial equipment solutions, founded in 1975. The product portfolio centers on cash automation technology including the Glory GLR-100 and RBG-100 cash recyclers for branch automation, and the Glory CashInfinity (CI) series for front-counter cash handling. ATM/ITM solutions are provided through the NCR SelfServ series (84 Walk-Up, 84 Drive-Up, 81 Kiosk, 82 Freestanding Interior, and 88 Drive-Up models) supporting the NCR Interactive Teller video banking platform. Currency handling includes G+D ProNote 1.5 and Zeus currency discriminators, and Glory GFB-830 currency counter. Coin processing equipment encompasses Glory QuickChange self-service coin deposit, Glory Mach SCW-20 and Mach3 coin sorters, Glory WS-30 coin wrapper, CPI T-FLEX coin dispenser, and Semacon S-140 and S-530 coin counters/sorters. Check scanning is available through Digital Check, Panini Vision X, and Canon CR-L1 remote deposit scanners. Drive-up solutions include pneumatic tube systems and deal drawers. The company provides installation, service, and support for all products across the New England region and nationally through partners.

Differentiator

Problem solved

Functional benefit

Products and services

• RBG-100 Intelligent Cash Recycler Intelligent cash recycler showcasing advanced cash automation capabilities for financial institution branch environments.
• Glory GLR-100 Cash Recycler Teller cash recycler from Glory enabling TCR technology integration within existing branch layouts for open, interactive environments and next-generation branch banking.
• Glory CashInfinity (CI) Series Front counter cash handling system taking all cash and coin payments, automatically issuing change, and preparing deposits in locked secure bins. Available in CI-5, CI-10, CI-50 sizes with or without coin, POS-integrated or manual entry deployment options.
• NCR Interactive Teller Video teller platform enabling face-to-face teller experience in self-service environments for drive-up, in-lobby, and extended hours banking transactions with faster transaction times (2-4 mins vs 6-9 mins traditional).
• NCR SelfServ 84 Walk-Up ATM/ITM Premium exterior through-the-wall multifunction ATM/ITM designed for ease-of-use and high transaction volumes with mixed cash and check deposit and bill payment capabilities.
• NCR SelfServ 84 Drive-Up ATM/ITM Premium exterior drive-up multifunction ATM/ITM with durable design for extreme weather conditions, enabling transactions from vehicles.
• NCR SelfServ 81 Kiosk ATM/ITM Multifunction branch assisted service ATM with user-centered design for better consumer connection within branches, typically serving as teller line replacement.
• NCR SelfServ 82 Freestanding Interior ATM/ITM Interior walk-up multifunction ATM/ITM delivering omni-channel experience with reliable cash access, powered by NCR Media Handling 2.0 technology.
• NCR SelfServ 88 ATM/ITM Freestanding drive-up multifunction ATM from NCR designed for exterior drive-up use with severe weather handling and video teller interaction support.
• G+D ProNote 1.5 Bank-grade counting and sorting device that discriminates between different currency denominations and detects counterfeit bills when desired.
• G+D Zeus Currency Discriminator 2-pocket currency discriminator with unparalleled bill recognition, advanced counterfeit detection capabilities, and detailed count reporting functions in a compact body.
• Glory GFB-830 Currency Counter High-performance currency counter combining dual magnetic and ultra-violet counterfeit detection for precise counterfeit detection with space-saving design.
• Glory QuickChange Self Service Coin Deposit Self-service coin deposit machine enabling faster customer coin deposits, improving teller productivity and customer satisfaction with recycling ROI opportunities.
• Glory Mach SCW-20 Coin Sorter Third-generation coin sorter from Glory designed for medium bank branches, cash centers, retailers, and transportation hubs. Provides fast efficient counting, sorting, and authentication of coins.
• Glory Mach3 Coin Sorter/Counter High-speed coin sorter and counter processing up to 1,500 coins per minute, reducing staff time for counting and sorting with compact size for easy storage.
• Semacon S-140 Coin Counter/Packager Heavy-duty high capacity electric coin counter with bagging and packaging/wrapping functions. Batch settings 1-9999 for bagging and packaging with offsorter function and extra large hopper.
• Semacon S-530 Coin Counter Sorter Full function coin sorter and counter for processing retail tills/cash drawers. Available with optional printer and/or coin bagging/rolling attachments.
• Digital Check Remote Deposit Line Wide selection of check scanners from single feed CX-30 up to 100 check per minute TS-240 for distributed check processing.
• Panini Vision X Remote Deposit Check Scanner Next-generation check scanner available in single feed as well as 50, 75, and 100 checks per minute models. Panini is industry leader in distributed capture scanners.
• Canon CR-L1 Remote Deposit Check Scanner Compact check transport for high-volume Remote Deposit Capture and remote lockbox check processing with high-quality image scanning and precise MICR accuracy.
• Pneumatic Tube Systems Drive-up pneumatic tube systems with heater options, retrofit replacement options, expandable and upgradeable design. Features Superior quality Audio from Audio Authority with integrated or side mount 2-way video.
• Drive Up Deal Drawers Heavy-duty drive-up deal drawers with heater options, retrofit capabilities, fast quiet operation, and durable construction to withstand wear and tear.
• Service and Maintenance Contracts Comprehensive maintenance agreements covering on-site field service, Level 2 remote software support, phone support, and professional training on all products sold. Service contracts typically save clients 15-20% per year on equipment under agreement.
• Cash Automation Deployment Services End-to-end deployment services including project management, hardware/software integration, installation, training, and consulting for cash automation deployments. Full-service deployment team includes project managers, integrators, riggers, and trainers.

Quantifiable outcome

• Service contracts typically save clients 15-20% per year on equipment under agreement
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Eleven partnerships are on record, tiered strategic, core and standard.

• Raytheon Intelligence & SpacestrategicStrategic or Co-development Partner · 7 February 2022On February 7, 2022, Raytheon Intelligence & Space (a Raytheon Technologies company) entered an agreement with New England Money. This is a cybersecurity collaboration for financial institution protection.
• NCRcoreTechnology or IntegrationNCR is the leading provider of ATM/ITM technology. NEM is described as NCR's premier partner in the area and has been instrumental in evolving Interactive Teller technology from early adopter phase to mature solution. NEM offers the full line of NCR SelfServ ATMs and ITMs.
• GlorycoreTechnology or IntegrationGlory is a major supplier of cash handling equipment including GLR-100 Cash Recyclers, QuickChange Self Service Coin Deposit machines, Mach coin sorters/counters, and currency counters. NEM is a certified Glory partner providing sales, installation, and service.
• Giesecke+Devrient (G+D)coreTechnology or IntegrationG+D supplies bank-grade currency processing equipment including the ProNote 1.5 counting/sorting device and Zeus Currency Discriminator. NEM provides local sales and service for G+D products.
• CanonstandardTechnology or IntegrationCanon provides the imageFORMULA CR-L1 compact check transport for high-volume Remote Deposit Capture. NEM resells and services Canon check scanning equipment.
• PaninistandardTechnology or IntegrationNEM is a Platinum Partner for Panini scanners. Panini is the industry leader in distributed capture scanners. NEM provides best pricing and service options for Panini products.
• Digital CheckstandardTechnology or IntegrationDigital Check manufactures check scanners ranging from single feed CX-30 to 100 check per minute TS-240. NEM resells and services Digital Check products.
• SemaconstandardTechnology or IntegrationSemacon provides heavy-duty coin counters/packagers including S-140 and S-530 models. NEM offers Semacon products with sales and service support.
• CPIstandardTechnology or IntegrationCPI provides T-FLEX Coin Dispenser for adding ROI to Teller Cash Recyclers. Available as dual or single dispense option with all NEM recycler solutions.
• Audio AuthoritystandardTechnology or IntegrationAudio Authority provides quality audio systems for drive-up tube solutions. Featured in NEM's drive-up equipment offerings with Superior quality audio.
• Add-On TechnologiesstandardImplementation/ SI/ Consulting PartnerAdd-On Technologies released a case study on benefits of their DynaCore and DynaCash applications with NEM. Partnership enables integration of cash recyclers with Add-On software solutions.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Brink's: Cash logistics, ATM managed services, and cash management solutions provider with deep financial institution relationships. Comparable as a larger, broader-scope incumbent operating across cash handling, CIT, and ATM service.
• Fiserv: Major financial technology and hardware provider serving banks and credit unions with branch automation, ATM, and cash handling solutions as part of a broad product suite. Comparable as a large incumbent competing for the same financial institution wallet share.
• Loomis: Cash-in-transit, cash management, and ATM services provider to financial institutions and retailers. Comparable as a broader cash services incumbent that touches the same bank customer relationships and competes for service wallet share.
• NCR Atleos: ATM and Interactive Teller market leader spun out of NCR; NEM is NCR's premier New England partner and resells the SelfServ ATM/ITM line. Comparable as the dominant platform vendor behind NEM's hardware sales and ITM deployments.
• Diebold Nixdorf: Global provider of ATM, ITM, and branch self-service equipment for financial institutions. Comparable as a competing systems integrator and ATM/ITM vendor competing for the same bank and credit union modernization budgets.
• Hyosung: ATM manufacturer with growing US presence selling through dealers and direct to financial institutions. Comparable as an ATM hardware vendor competing for branch self-service deployments that NEM also services.

Direct peers

• Glory Global Solutions: OEM of cash recyclers (GLR-100), currency counters, coin sorters, and CashInfinity front-counter systems that NEM resells and services. Comparable as the primary manufacturer whose products drive NEM's cash automation revenue.
• Tidel: Cash management and automated cash handling systems provider for retail, financial, and convenience store environments. Comparable as a direct competitor in cash recycler and currency/coin handling hardware for commercial cash-intensive operations.
• Giesecke+Devrient (G+D): Bank-grade currency processing equipment OEM (ProNote 1.5, Zeus Currency Discriminator) whose products NEM resells and services. Comparable as an OEM partner whose roadmap and channel strategy directly shapes NEM's product portfolio.

Emerging players

• Triton: ATM manufacturer focused on retail ATM market and select financial institution deployments. Comparable as an emerging ATM hardware competitor whose dealer and direct channels overlap with NEM's potential expansion territory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/new-england-money-handling

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New England Money Handling Systems