Solutions for Cash Handling and Identity Verification Welcome to our latest supporter. Innovative Technology is a UK-based global leader in cash handling and identity verification solutions. Founded in 1992, the company designs and manufactures equipment like multi-coin hoppers, banknote validators, and recyclers that automate millions of cash transactions worldwide. Their technology also includes AI-powered biometric products for facial… Read More »
KMA is a global, cause-based, not-for-profit organization focused on better self-service for customers and employees through kiosks and information technology (IT). The kiosk industry association leads efforts to optimize self-service engagements using information technology. Membership is made up of representatives from the self-service industry who are interested in establishing and following common guidelines on accessibility. Rebecca White, VP… Read More »
Is Cash Dead? Taking Its Pulse in 2024 An interview with old friend and workmate John Bryant. Back when I lived in Minnesota. He has seen a lot over the years and has “survived” much like me (Craig). Big wins and big losses. It’s like winning your first deal with Walmart and two years later you realize you… Read More »
Crane CCR Coin Automation Efficient coin handling is a critical aspect of operations for both traditional retail stores and self-service kiosks. Its significance extends beyond simple cash management, impacting accuracy, labor costs, customer experience, and even business profitability. Crane introduces the Compact Coin Recycler (CCR)—a breakthrough in coin-handling technology designed for those building next-generation self-checkout and kiosk systems.… Read More »
How Safe is your Smart Safe? OptConnect offers machine to machine wireless service for Smart Safes, ATMs, Kiosks, Digital Signage, Facility Management, and many other industry sectors. Rather than simply providing hardware or network service, OptConnect offers a completely managed service designed to make your data connection simple and reliable. Anyone used to dealing with a large amount… Read More »
Fast-casual places are ditching cash for safety and efficiency. Critics say this shuts out poor people, some immigrants and those who just prefer cash.
Source: www.washingtonpost.com
The global cashless movement has reached Washington, where a growing number of fast-casual establishments and other spots are saying no to greenbacks in favor of plastic and mobile payments. Sweetgreen, the national salad chain founded by Georgetown University graduates, went cashless in most of its locations last year. Other cashless spots include a Menchie’s frozen-yogurt shop downtown, the posh Barcelona Wine Bar on 14th Street NW and the Bruery beer store at Union Market.
Soon, they may be breaking the law.
The decision to go cashless also has broader implications in the global battle between the credit-card and ATM industries.
Perhaps unsurprisingly, Visa has been a major booster of the cashless movement. The credit card company in March awarded 50 businesses $10,000 each for rejecting cash payments and has released reports touting the benefits of a cashless society.
The push back due to the unbanked was quite predictable. However, when you see a country like India has gone cashless in many spots — well, if they can figure out how to do it, we should be able to figure out how to do it. I believe even poor countries in Africa have large cashless segments now.
This really is not a battle of if, but rather when.
ArmorSafe and OptConnect Case Study Transcript: The idea most people begin within they think they need to get a safe is to protect against external theft. Increasingly the threat is actually also internal theft. The hallmark of a smart safe is the inclusion of bill validators which count and validate that the currency is in fact good. The… Read More »
The American Correctional Association (ACA) just held their convention at Indianapolis August 14th. The correctional industry is led by a couple of large companies such as GTL, Securus, Telmate and Keefe Commissary to name some. Prison inmate video visitation, booking kiosks, medical care (via ACA), education, family deposits, email and entertainment are just some of the channels and all… Read More »
Ovum recently conducted a global survey of 300 retail banking executives to ask about their greatest branch challenges today, and where they believed the challenge might shift in the next few years. Source: loyalty360.org Posts2025: 2,590
RDM Corporation (TSX:RC), a leading provider of specialized hardware and software solutions for electronic payment processing, announced that it is now shipping its new EC9600i single feed (SF) network check scanner models. The new EC9600i SF models are an extension of the family of EC9600i auto-feed (AF) network scanners introduced last year.
Source: www.prweb.com
New networked check scanners make it easy for thin client and other devices to access networked scanner. Checks are up to 20% of transactions?
RDM’s EC9600i series network scanners simplify the check scanning process through RDM’s “one-touch” setup. Unique to the EC9600i scanner family, embedded software and industry standard networking protocol enable users to easily access the scanners securely over a network using their PCs, MACs, mobile devices or payment terminals, regardless of the operating system or browser and without additional hardware. The EC9600i scanners also work seamlessly in Citrix and other thin client environments.
While other central banks ruminate on ways to replace cash with digital currencies, Sweden’s Riksbank is kicking against the grain with calls fo
Source: www.finextra.com
Signed by Stefan Ingves, the Riksbank Governor, the letter states that the banks have reduced their cash handling services too fast, resulting in a lack of cash services in less populated areas in particular, but for the public in general.
Mike Lee, CEO of the ATMIA, says: “This is a victory for common sense and for the future balance of the Swedish consumer economy and I’d like to congratulate the Swedish Riksbank for seeing through the mirage of anti-cash propaganda in the media to reveal the basic economic right of free citizens to choose their own payment methods at all times, whether cash or digital.”
MEBANE, N.C., Jan. 12, 2016 /PRNewswire-iReach/ — ARCA, a global leader in the development of cash automation technology for banks, retail locations and self-service kiosks, today announced that it will demonstrate a three-level cash management approach at the NRF’s Annual Convention & EXPO, the United State’s premiere event for retail innovation, to be held January 17 – 20, in New York City.
Source: finance.yahoo.com
NRF’s Big Show 2016 focuses on the latest retail technology and trends. Cash handling has been identified as one of the major problems for retailers all around the world. ARCA’s retail product range features a wide selection of hardware and software that adapts to various store formats and different retail needs.