Category Archives: Cash Automation

Cash Kiosks — Innovative Technology Americas, Inc. joins KMA

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 »

Glory CASHINFINITY Retail Video

Retail Video Cash Management Benefits Reduce the time and cost of managing cash in your store with CASHINFINITY™ Automate cash payment at the point of sale to Improve the Customer Experience Reduce Staff Stress Enhance Security and Eliminate Shrinkage Accelerate Start and End of Day Reconciliation Reduce the Cost To Your Business More Information Compact Cash Recycling System… Read More »

Do cashless restaurants discriminate against the poor? D.C. lawmakers think so.

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.

 

 
Comments: This will be a very interesting fight over the next decade.  Governments obviously want no cash, as an all electronic economy means every transaction everywhere is known to it.

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.

RDM Releases New Single-Feed Network Check Scanners

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.

Swedish central bank calls halt on moves to a cashless economy

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.”

Smart Safe Case Study

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 »

ARCA Announces End-to-end Cash Automation Solutions for Retailers At NRF Retail’s BIG Show 2016

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.

  • A till-side cash deposit system is available for immediately securing high-value notes at checkout.
  • Mid-size smart safes allow retailers already benefiting from CIT pickups to obtain cash automation efficiency without changing their whole process.
  • Combined cash deposit/recycling solutions are convenient for operational cost reductions and cash management efficiency with an integrated cash recycling function that improves till float efficiency.

Whitepaper – How Safe is your Smart Safe?

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 »

Corrections – ACA Trade Show Wrap

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 »