Manual cash handling costs retailers time and money, so automating cash processes is a tried and tested way to win on efficiency and productivity.
Gunnebo Cash Management Blog
Cash recyclers are cash handling machines which automate the process of receiving and dispensing cash. But they are much more than simple cash-in / cash-out units.
Smart safes for cash deposit do more than just collect and store money – they automatically verify, count and deposit your cash safely.
The media has been full of reports that Covid-19 has been driving us more quickly towards a cashless society and accelerating the shift to digital banking, electronic payments and cryptocurrencies.
The Cash Management Blog highlighted in a previous blog post that while handling notes and coins does not pose a particular risk to the public regarding the spread of viruses, the same hand hygiene measures should be applied to touching cash as for touching any other item, such as doors handles or payment terminals.
Cash is still a critical part of the infrastructure in the majority of countries around the globe and is relied upon by large sections of society who do not have electronic options to make payments.
During the outbreak of the COVID-19 pandemic, several media outlets suggested that different surfaces, including banknotes, could be a possible transmitter of the coronavirus.
From fast-food outlets and supermarkets to cafes and bakeries, any business serving and handling food takes hygiene seriously. So how should cash handling and hygiene be approached?
The key characteristic of a closed cash management system is that it keeps cash locked away for the entire duration of its lifecycle in a store.
With multiple points of sale (such as bars, restaurants, coffee shops and gift shops) spread across their site, managing and processing cash is a serious business for hotels.
Petrol stations can no longer rely on selling fuel alone. According to bizfluent, filling stations in the US make little money on the petrol itself and need to provide additional services just to turn a profit.